Cheap Apartments for Rent in Kelowna, BC from $1,200 (34 Rentals)

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Search the lowest-cost Apartments available for rent right now in Kelowna.

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Parkview Valley
Rent Specials
$1,525 - $2,749
Total Monthly Price

Total Monthly Price

Base Rent
$1,525 - $2,749
Total Monthly Price
$1,525 - $2,749
Studio to 3 Bedroom Apartments Available Now

Parkview Valley

2001 Benvoulin CrtKelowna, BC V1W 2C7
Affordability
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  • Utilities Included
  • 3D Tour

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.

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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.

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Trio
$1,512 - $1,924Studio to 2 Bedroom Apartments

Trio

333-337 Drysdale BlvdKelowna, BC V1V 0E6
  • Utilities Included
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Buckland Manor Apartments
$1,575 - $1,925Studio to 2 Bedroom Apartments

Buckland Manor Apartments

445 Buckland AveKelowna, BC V1Y 5Z3
  • Utilities Included

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.

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Knox Village
$1,599 - $2,7991 to 3 Bedroom Apartments

Knox Village

1450 Cara Glen CrtKelowna, BC V1V 0H9
  • Utilities Included
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Aurora Apartments
$1,599 - $1,9991 to 3 Bedroom Apartments

Aurora Apartments

220 Aurora CresKelowna, BC V1X 0B7
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Midtown
$1,600 - $2,475Studio to 3 Bedroom Apartments

Midtown

1960 Underhill StKelowna, BC V1X 0C4
Furnished
  • Smoke Free
property at 925 Leon Ave

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600
Total Monthly Price
$1,600

Studio, 1 Bath Condo for Rent

Available May 1

925 Leon Ave

KelownaBCV1Y 0E5
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Okanagan Place 1955
$1,7252 Bedroom Apartments

Okanagan Place 1955

1955 Pacific CrtKelowna, BC V1Y 8B3
  • Utilities Included

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.

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Lindgren Manor
$1,728 - $2,3481 to 3 Bedroom Apartments

Lindgren Manor

420 Valley RoadKelowna, BC V1V 2E5
  • Smoke Free
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Missionview Estates
$1,8002 Bedroom Apartments

Missionview Estates

1051-1069 K.L.O RdKelowna, BC V1Y 4X6
  • Utilities Included
  • Smoke Free
Showing Results 1-34, Page 1 of 1

Kelowna, BC Local Guide

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 ListingModel NameBed/BathPriced From
The Woods at Willow ParkStudio BStudio,1BA$1,200
CentralStudioStudio,1BA$1,200
Harvey HeightsB4 (Studio)Studio,1BA$1,425
Pandosy Square ApartmentsOne Bedroom1BR,1BA$1,475
500 AsherEllison | StudioStudio,1BA$1,500
Midtown1 Bedroom1BR,1BA$1,600
THE AMBROSIStudio AStudio,1BA$1,640
The Arborwood1 Bed 1 Bath1BR,1BA$1,650
Parkview Valley1 Bedroom (Over 500 sq.ft)1BR,1BA$1,775
Proxima1 Beds, 1 Baths1BR,1BA$1,900

Best Value Apartments for Rent in Kelowna, BC

As of April 25, 2026 the best value apartment in the Kelowna area is the $2.64 price per square foot 3 Bed/2 Bath - E3 - Building A Model at Lavida Community in the starting from $2,900. The second greatest value Kelowna apartment is the 2 Beds, 2 Baths Model at Lake Country Lofts Apartments starting at $1,995 with a $1.90 price per square foot . Here is today’s list of the best values for Kelowna apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lavida Community3 Bed/2 Bath - E3 - Building A3BR,2BA$2.64
Lake Country Lofts Apartments2 Beds, 2 Baths2BR,2BA$1.90
Mill Creek Estates2 BR 1 BA2BR,1BA$2.25
The ConservatoryConservatory II 1 Bed 1 Bath C1BR,1BA$2.61
Pandosy Square ApartmentsOne Bedroom1BR,1BA$2.08
Proxima1 Beds, 1 Baths1BR,1BA$2.96
Parkview Valley1 Bedroom (Walkout)1BR,1BA$2.91
The Arborwood1 Bed 1 Bath1BR,1BA$3.17
Midtown1 Bedroom1BR,1BA$3.17
Central1 Bedroom1BR,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.

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Don'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.

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The 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.

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Cash 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.

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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

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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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.