Cheap Homes for Rent in Kelowna, BC from $1,200 (16 Rentals)

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

property at 925 Leon Ave

$1,400

Studio Rentals

Available Aug 1

925 Leon Ave

KelownaBCV1Y 0E9

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

property at 320 Mills Rd

$1,500

1 Bedroom Rentals

Available Aug 1

320 Mills Rd

KelownaBCV1X 4G8
property at 1230 Ethel St

$1,600

2 Bedroom Rentals

Available Now

1230 Ethel St

KelownaBCV1Y 2W6
property at 790 Irma Rd

$1,650

2 Bedroom Rentals

Available Aug 1

790 Irma Rd

KelownaBCV1X 3Z7

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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 Marjorie priced from $1,120. The Woods at Willow Park has the second lowest priced unit, which is a Studio apartment currently listed from $1,300. Here is today’s list of the most affordable Kelowna apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The MarjorieStudio AStudio,1BA$1,120
The Woods at Willow ParkStudio BStudio,1BA$1,300
Pandosy Square ApartmentsOne Bedroom1BR,1BA$1,375
Harvey HeightsB4 (Studio)Studio,1BA$1,425
The VibeB2 (Studio/ Jr. 1 Bed / 1 Bath)1BR,1BA$1,499

Best Value Apartments for Rent in Kelowna, BC

As of July 23, 2026 the best value apartment in the Kelowna area is the $2.01 price per square foot 2 Beds, 2 Baths Model at Lake Country Lofts Apartments in the starting from $2,110. The second greatest value Kelowna apartment is the Conservatory II 1 Bed 1 Bath C Model at The Conservatory starting at $1,850 with a $2.47 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.
Lake Country Lofts Apartments2 Beds, 2 Baths2BR,2BA$2.01
The ConservatoryConservatory II 1 Bed 1 Bath C1BR,1BA$2.47
Mill Creek Estates1 BR 1 BA1BR,1BA$2.50
Pandosy Square ApartmentsOne Bedroom1BR,1BA$1.94
Proxima1 Beds, 1 Baths1BR,1BA$2.96
The VibeB2 (Studio/ Jr. 1 Bed / 1 Bath)1BR,1BA$2.43
Central1 Bedroom1BR,1BA$2.87
The Arborwood1 Bed 1 Bath1BR,1BA$3.17
The Marjorie1B1B C1BR,1BA$3.46
THE AMBROSI1 Bed 1 Bath A1BR,1BA$3.88

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Kelowna

What type of rentals are currently available in Kelowna?

There are currently 86 Apartments for Rent in Kelowna, BC with pricing that ranges from $1,120 to $7,941. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Kelowna ranging from $1,250 to $15,000.

What is the current price range for Rental Homes in Kelowna?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Kelowna ranges from $1,250 to $15,000 with an average monthly rent of $2,885.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.