
Water Street by the Park
Kelowna

Your 2026 guide to finding the perfect apartment rental in Kelowna, from downtown high-rises to quiet neighbourhood suites.
Finding a rental apartment in Kelowna for 2026 means more choice than in past years. A surge in new buildings has increased the vacancy rate, giving renters more options. Expect to find clusters of new towers downtown and in the Capri-Landmark area, with more condos for rent in areas like the Lower Mission and Rutland.
Buildings whose strata permits rentals, according to their profiles.

Kelowna

West Kelowna

Kelowna

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Kelowna

Kelowna

Kelowna

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Kelowna

Kelowna

Kelowna

West Kelowna
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Here is everything you need to know about finding your next home in the Kelowna and Central Okanagan rental market.
For new, purpose-built apartments with amenities, look Downtown, in Springfield-Spall or Rutland. For rented condos in established neighbourhoods with great walkability, focus on Kelowna South and the Lower Mission.

Kelowna's rental scene is a mix of two main options: purpose-built rental buildings and privately-owned condos that are rented out. Purpose-built rentals are entire buildings owned by one company and operated solely for tenants. This often means professional management, on-site staff, and consistent rules for all residents. Buildings like Revo Kelowna in Springfield-Spall or Central Green near downtown are great examples.
Renting a condo, on the other hand, means your landlord is the individual unit owner. This can offer more unique suite finishes and character. You'll find many rented condos in buildings like Playa del Sol in Kelowna South or Miravista in Westbank. The experience can vary greatly depending on the landlord, and you'll also be subject to the building's strata rules, which can cover everything from pets to balcony use.
The biggest shift in recent years has been a boom in purpose-built rental construction. This has added a lot of new inventory to the market, which is a key reason the city's vacancy rate has climbed. For renters, this means more choice and, in some cases, incentives like a free month's rent or reduced security deposits, especially in newer buildings looking to attract tenants.

Downtown Kelowna and Kelowna North are the city's urban heart, defined by new high-rise towers. Living here means being steps from the waterfront, restaurants, and shops. Buildings like One Water Street — West Tower and Brooklyn at Bernard Block offer modern units with impressive views and amenities. This area commands premium rents but offers a walkable lifestyle where a car isn't always necessary.
The Capri-Landmark and Springfield-Spall areas are transforming into a second major urban hub. It's a practical choice, close to shopping and transit, with a mix of new and older apartment buildings. For those wanting a balance between quiet residential streets and urban convenience, Kelowna South and the Lower Mission are ideal. These areas feature a mix of low-rise apartment buildings and rented condos, like those at Movala, close to Gyro Beach and Pandosy Village.
For students and faculty at the University of British Columbia Okanagan (UBCO), the University District and North Glenmore are the obvious choices. A cluster of modern condo buildings like U-Two and VEDA on Academy Way cater directly to the university crowd. Further out, Rutland offers some of the most affordable rents in Kelowna and has a growing number of new, modern apartment buildings like Eden Kelowna, well-served by transit and its own town centre.

Rental rates in Kelowna have stabilized after several years of rapid growth. The most recent CMHC data from late 2025 shows the average rent for a two-bedroom apartment across the Kelowna metropolitan area was $2,118 per month. One-bedroom units averaged around $1,596 per month. These figures are a benchmark; new buildings in prime locations will often be higher.
More current listing data from rental websites in September 2026 shows one-bedroom apartments averaging around $1,850 and two-bedrooms around $2,300 to $2,400. Studio apartments typically rent for about $1,500. Prices vary significantly by neighbourhood, with downtown and the Lower Mission commanding higher rents than Rutland or areas of West Kelowna.
The key takeaway for 2026 is that the market has shifted. With the vacancy rate at a multi-year high of 6.4%, renters have more negotiating power than they've had in a decade. While overall prices haven't dropped dramatically, landlords of new units are more likely to offer incentives to fill their buildings.

Parking is a major consideration. In newer buildings, a spot in a secure parkade is often available but usually comes with an extra monthly fee, typically ranging from $65 for a standard stall to $80 or more for underground parking. On-street parking in Kelowna is limited to 24 hours unless you are in a residential permit zone. Before you rent, confirm if a parking spot is included, what it costs, and what the options are for a second vehicle.
Kelowna is a pet-friendly city, but finding a rental that accepts pets requires planning. Many newer purpose-built buildings welcome pets, but condos are subject to strata bylaws which may have size or breed restrictions. Landlords in B.C. are legally allowed to charge a one-time pet damage deposit, which cannot exceed half of one month's rent. This is a single deposit, regardless of how many pets you have.
Utilities are rarely all-inclusive. Most tenants should expect to pay for their own electricity (BC Hydro), plus internet and cable. Some buildings may include heat and hot water in the rent, particularly in older buildings or where there is a central boiler system. Always clarify exactly which utilities are included in the monthly rent before signing your lease agreement.

In British Columbia, the relationship between tenants and landlords is governed by the Residential Tenancy Act. This law is administered by the Residential Tenancy Branch (RTB), which also provides a dispute resolution service for disagreements. The law covers everything from security deposits to evictions and repairs.
A landlord must provide you with a written tenancy agreement. They can collect a security deposit of up to half a month's rent, and a separate pet damage deposit, also capped at half a month's rent. Your landlord must give you at least three months' notice for any rent increase, using the official government form, and can only raise the rent once every 12 months by a percentage set by the province.
You have a right to "quiet enjoyment," which means you have the right to privacy and to live without unreasonable disturbances. A landlord must provide at least 24 hours' written notice to enter your suite, and the entry must be between 8 a.m. and 9 p.m. Finally, landlords are responsible for ensuring the property is in a good state of repair and complies with health and safety standards.

West Kelowna offers a distinct lifestyle and a rental market with its own character. Neighbourhoods like Lakeview Heights and South Boucherie provide stunning lake views and are close to wineries, but are dominated by single-family homes with fewer apartment options. The most concentrated areas for apartment and condo rentals are in Westbank and Westbank Centre, offering good value and convenience.
Purpose-built rental options are less common than in Kelowna, but there are some newer condo developments with a high percentage of renters, such as Ariva in Westbank Centre. You are more likely to find rentals in low-rise buildings, townhome complexes like Sonoma Pines in Smith Creek, or secondary suites in houses. This makes for a quieter, more suburban rental experience.
Rents in West Kelowna are often slightly more affordable than in comparable Kelowna neighbourhoods. The trade-off is the commute. While transit connects the communities, most residents find a car necessary for getting across the William R. Bennett Bridge, especially during the busy summer tourist season or snowy winter mornings. If you work in Kelowna, be sure to factor travel time and cost into your decision.
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Kelowna South450 ParcWelcome to 450 Parc, an exclusive collection of luxury condominiums at 450 Groves Avenue, where sophisticated design meets the serene lifestyle of…Built 2023 · 20 homes
Lower MissionAqua Waterfront Village Tower 3Experience refined waterfront living at Aqua Waterfront Village Tower 3, a distinguished address at 3800 Capozzi Road in Kelowna.Built 2026 · 121 homes
Kelowna NorthArbour CourtDiscover Arbour Court, a charming and intimate condo building nestled in the heart of Kelowna's Cultural District, offering a unique blend of urban…Built 1995 · 18 homes
Westbank CentreArivaAriva is a master-planned condominium community in West Kelowna, thoughtfully designed for those seeking spacious residences and an active,…Built 2023 · 200 homes
University DistrictBorgata LodgeBorgata Lodge is a three-storey condominium building in Kelowna, known for its unique design and convenient location near the Okanagan Golf Club.Built 1995 · 40 homes
Lower MissionBridgewater EstatesDiscover Bridgewater Estates, a well-established condo building at 3842 Gordon Drive in Kelowna, offering spacious residences and a host of…Built 1991 · 59 homes
Kelowna NorthBrixxBrixx offers an exclusive collection of luxury townhomes at 1308 Richter Street, designed for discerning residents seeking an elevated urban…Built 2020 · 12 homes
Kelowna NorthBrooklyn at Bernard BlockBrooklyn at Bernard Block offers a distinctive urban living experience at 1471 St.Built 2021 · 178 homes
Shannon LakeCamber HeightsPerched in West Kelowna's Shannon Lake community, Camber Heights offers a refined collection of luxury townhomes designed for maintenance-free,…Built 2019 · 30 homes
Kelowna NorthCambridge HouseDiscover Cambridge House, a modern condominium building at 925 Leon Avenue in Kelowna North, where thoughtful design meets urban convenience.Built 2018 · 192 homes
Kelowna NorthCannery LoftsCannery Lofts offers true loft-style living at 1289 Ellis Street, a building celebrated for its architectural character and prime location in…Built 2005 · 60 homes
Kelowna SouthCreekside VillaDiscover Creekside Villa, a well-appointed condo community in Kelowna South, offering a blend of comfort and accessibility.Built 1991 · 264 homes
Kelowna NorthDiscovery Bay ResortExperience resort-style living at Discovery Bay Resort, a distinguished address offering unparalleled access to Okanagan Lake and downtown Kelowna's…Built 2000 · 200 homes
Kelowna NorthDolphinsDolphins stands as one of Kelowna's original waterfront communities, offering a distinctive living experience in the vibrant Kelowna North…Built 1996 · 130 homes
Rutland NorthEden KelownaEden Kelowna stands as a modern residential offering at 155 Bryden Road, providing a collection of well-appointed homes designed for comfortable…Built 2020 · 152 homes
GlenmoreEminence at KnoxEminence at Knox is a master-planned condominium community in Kelowna, offering a balanced lifestyle where contemporary design meets the tranquility…Built 2025 · 277 homes
North GlenmoreGlenmore CentralDiscover Glenmore Central, a modern condominium building at 722 Valley Road, offering a refined living experience with its sleek design and…Built 2019 · 105 homes
North GlenmoreGlenpark RowDiscover Glenpark Row, a collection of modern townhomes in Kelowna's North Glenmore, designed for those who appreciate spacious living and direct…Built 2020 · 52 homes
Lower MissionGreen SquareDiscover Green Square, a multi-phase residential community at 3626 Mission Springs Drive in Kelowna's desirable Lower Mission.Built 2014 · 190 homes
Lower MissionGreen Square VertDiscover Green Square Vert, a modern condo building designed for a vibrant lifestyle in Kelowna's desirable Lower Mission neighbourhood.Built 2020 · 180 homes
Lower MissionGyro Beach TownhomesPerched across from the vibrant Gyro Beach, this collection of townhomes offers a distinctive architectural presence with its modern lines and…Built 2020 · 36 homes
Springfield - SpallMission Creek TowersMission Creek Towers offers a refined living experience, blending spacious residences with a suite of desirable amenities, all within a thoughtfully…Built 2005 · 59 homes
Lower MissionMission MeadowsMission Meadows stands as a multi-phase condominium community in Kelowna, thoughtfully designed to blend Okanagan living with comfortable residences…Built 2007 · 276 homes
Lower MissionMission ShoresDiscover refined lakeside living at Mission Shores, a prestigious condo building in Kelowna's Lower Mission neighbourhood, offering spacious…Built 2008 · 120 homesThe rental apartment vacancy rate for the Kelowna Census Metropolitan Area is 6.4%, according to the most recent CMHC data published in late 2025. This is a significant increase from previous years, indicating more supply is available for renters.