
Cheap Apartments for Rent in Central Okanagan, BC from $1,200 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in Central Okanagan.


Vernon City View Apartments

Harvey Heights

Pandosy Square Apartments

500 Asher

Carrington Ridge Apartments

Carrington View Apartments
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Lakeview Pointe

Lakeview Pointe Kelowna Apartments

907 Sutherland Ave

345-345 Dougall Rd N

235-235 Husch Rd

320 Rutland Rd S

235 Husch Rd
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

1274-1274 Devonshire Ave

925-925 Leon Ave

320 Mills Rd

Penticton Brunswick Apartments

315 Prior Rd S

Buckland Manor Apartments

Fraser Manor Apartments
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

925 Leon Ave

1837 Edgehill Ave
Central Okanagan, BC Local Guide
How much does it cost to rent an apartment in Central Okanagan?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Central Okanagan Studio Apartments | $1,469 | $1,300 | $1,750 |
| Central Okanagan 1 Bedroom Apartments | $1,925 | $1,325 | $2,425 |
| Central Okanagan 2 Bedroom Apartments | $2,341 | $1,525 | $2,800 |
| Central Okanagan 3 Bedroom Apartments | $2,733 | $2,285 | $3,195 |
Browse Top Apartments in Central Okanagan
See all Apartments in Central OkanaganExplore Central Okanagan
Central Okanagan, BC Local Guide
- Nearby Cities
Cheapest Available Central Okanagan Apartments for Rent and Nearby
 The cheapest available apartment rental in Central Okanagan, BC is a Studio unit found at The Woods at Willow Park priced from $1,200. Vernon City View Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,325. Here is today’s list of the most affordable Central Okanagan apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Woods at Willow Park | Studio A | Studio,1BA | $1,200 |
| Vernon City View Apartments | 1 bedroom | 1BR,1BA | $1,325 |
| Harvey Heights | B4 (Studio) | Studio,1BA | $1,425 |
| Pandosy Square Apartments | One Bedroom | 1BR,1BA | $1,475 |
| 500 Asher | Ellison | Studio | Studio,1BA | $1,500 |
Best Value Apartments for Rent in Central Okanagan, BC and Nearby
As of May 06, 2026 the best value apartment in the Central Okanagan area is the $2.63 price per square foot 2 Bed 2 Bath H Model at Glenmore Central in the starting from $2,450. The second greatest value Central Okanagan apartment is the 2 BR 1 BA Model at Mill Creek Estates starting at $2,000 with a $2.25 price per square foot . Here is today’s list of the best values for Central Okanagan apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Glenmore Central | 2 Bed 2 Bath H | 2BR,2BA | $2.63 |
| Mill Creek Estates | 2 BR 1 BA | 2BR,1BA | $2.25 |
| Lavida Community | 2 Bed/2 Bath - D1 - Building B | 2BR,2BA | $2.52 |
| Hilltop Manors II | 1 BR+DEN 1 BA | 1BR,1BA | $2.62 |
| Pandosy Square Apartments | One Bedroom | 1BR,1BA | $2.08 |
| Carrington View Apartments | 1 Beds, 1 Baths | 1BR,1BA | $2.53 |
| Lakeview Pointe | 1 Beds, 1 Baths | 1BR,1BA | $2.64 |
| Penticton Brunswick Apartments | 1 Bedroom | 1BR,1BA | $2.58 |
| Carrington Ridge Apartments | 1 Beds, 1 Baths | 1BR,1BA | $2.59 |
| Vernon City View Apartments | 1 bedroom | 1BR,1BA | $2.30 |
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.
Read Article10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Central Okanagan, BC Rentals by Map
See the most popular apartments and homes in Central Okanagan, BC
Frequently Asked Questions about Cheap Central Okanagan Apartments
What is the Cheapest Studio apartment in Central Okanagan?
Currently the most affordable Cheap Studio Apartment in Central Okanagan is at The Woods at Willow Park listed at $1,200.
How much is rent for a Cheap One Bedroom Central Okanagan Apartment?
The lowest price for a Cheap One Bedroom Central Okanagan Apartment is $1,325 at Vernon City View Apartments.
What is the lowest price for a Cheap Two Bedroom Central Okanagan Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Central Okanagan is starting from $1,525 at Vernon City View Apartments.
What is the most affordable Central Okanagan Three Bedroom Apartment?
The best deal on a cheap Central Okanagan Three Bedroom Apartment rental is at Lakeview Pointe and starts from $2,285.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.