
Cheap Apartments for Rent in Kelowna, BC from $1,200 (40 Rentals)
Search the lowest-cost Apartments available for rent right now in Kelowna.


Harvey Heights

Pandosy Square Apartments

Total Monthly Price
500 Asher

Total Monthly Price
Parkview Valley

THE AMBROSI

Total Monthly Price
The Arborwood

Westrich Bay
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.

Proxima Kelowna Apartments

Proxima

345-345 Dougall Rd N

925-925 Leon Ave

1480 Leaside Ave

720-720 K. L. O. Rd

3555 Boxwood Rd

235 Husch Rd
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.

235-235 Husch Rd

1274-1274 Devonshire Ave

1310-1310 Mine Hill Dr

1480-1480 Flemish St

Aurora Apartments

Buckland Manor Apartments

1488 Bertram St

925 Leon Ave
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Fraser Manor Apartments

315 Prior Rd S

Trio

191 Hollywood Rd S

Knox Village

539 Yates Rd

Lindgren Manor

Okanagan Place 1955
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

598-598 Sutherland Ave

Missionview Estates

1122 Pearcy Ct

1495 Kloppenburg Rd

Midtown

9652 Benchland Dr

130 Skaha Pl

1608 Pritchard Dr
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Kelowna, BC Local Guide
How much does it cost to rent an apartment in Kelowna?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Kelowna Studio Apartments | $1,396 | $1,200 | $1,675 |
| Cheap Kelowna 1 Bedroom Apartments | $1,950 | $1,475 | $2,425 |
| Cheap Kelowna 2 Bedroom Apartments | $2,456 | $1,658 | $3,325 |
| Cheap Kelowna 3 Bedroom Apartments | $2,766 | $2,400 | $3,200 |
Browse Top Apartments in Kelowna
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Kelowna, BC Local Guide
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Cheapest Available Kelowna Apartments for Rent
 The cheapest available apartment rental in Kelowna, BC is a Studio unit found at The Woods at Willow Park priced from $1,200. Central has the second lowest priced unit, which is a Studio apartment currently listed from $1,200. Here is today’s list of the most affordable Kelowna apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Woods at Willow Park | Studio B | Studio,1BA | $1,200 |
| Central | Studio | Studio,1BA | $1,200 |
| 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 |
| THE AMBROSI | Studio A | Studio,1BA | $1,640 |
| The Arborwood | 1 Bed 1 Bath | 1BR,1BA | $1,650 |
| Parkview Valley | 1 Bedroom (Walkout) | 1BR,1BA | $1,835 |
| Proxima | 1 Beds, 1 Baths | 1BR,1BA | $1,900 |
| The Conservatory | Conservatory II 1 Bed 1 Bath C | 1BR,1BA | $1,950 |
Best Value Apartments for Rent in Kelowna, BC
As of April 05, 2026 the best value apartment in the Kelowna area is the $1.90 price per square foot 2 Beds, 2 Baths Model at Lake Country Lofts Apartments in the starting from $1,995. The second greatest value Kelowna 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 Kelowna apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Lake Country Lofts Apartments | 2 Beds, 2 Baths | 2BR,2BA | $1.90 |
| Mill Creek Estates | 2 BR 1 BA | 2BR,1BA | $2.25 |
| The Conservatory | Conservatory II 1 Bed 1 Bath B | 1BR,1BA | $2.65 |
| Pandosy Square Apartments | One Bedroom | 1BR,1BA | $2.08 |
| Proxima | 1 Beds, 1 Baths | 1BR,1BA | $2.96 |
| Parkview Valley | 1 Bedroom (Walkout) | 1BR,1BA | $2.91 |
| Glenmore Central | 1 Bed 1 Bath A | 1BR,1BA | $3.27 |
| Kovo | 1 BR | 1BR,1BA | $3.39 |
| The Arborwood | 1 Bed 1 Bath | 1BR,1BA | $3.17 |
| Central | 1 Bedroom | 1BR,1BA | $3.17 |
10 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 Kelowna, BC Rentals by Map
See the most popular apartments and homes in Kelowna, BC
Frequently Asked Questions about Cheap Kelowna Apartments
What is the Cheapest Studio apartment in Kelowna?
Currently the most affordable Cheap Studio Apartment in Kelowna is at The Woods at Willow Park listed at $1,200.
How much is rent for a Cheap One Bedroom Kelowna Apartment?
The lowest price for a Cheap One Bedroom Kelowna Apartment is $1,475 at Pandosy Square Apartments.
What is the lowest price for a Cheap Two Bedroom Kelowna Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Kelowna is starting from $1,972 at Central.
What is the most affordable Kelowna Three Bedroom Apartment?
The best deal on a cheap Kelowna Three Bedroom Apartment rental is at Central and starts from $2,400.
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

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.