Apartments Kelowna
Laurentian Heights1415 Kelglen CrescentKelowna, BC V1Y 8P4 |
|
 |
from $615 per month |
Rental Rates in Kelowna, BC
The Kelowna area apartment vacancy rate increased from 0.3% in 2008 to 3.0% in October 2009 due to slower employment growth and competition from investor-owned rental units, and the increase in home ownership. Rents have moved down due to rising vacancy rates. The median rent for Kelowna is $821.
The Greater Kelowna area is comprised of two zones: Core Area of Kelowna includes all neighbourhoods (including West Kelowna) and Rutland, Lake Country, Black Mountain and Joe Riche.
Below are average rental rates for neighbourhoods in Kelowna:
| Apartments (Oct 2009) | Available Units | Vacancy Rate | Studio | 1 Bedroom | 2 Bedroom | 3+ Bedroom |
| Greater Kelowna Averages | 3,880 | 3.0% | $584 | $737 | $897 | $1,001 |
| Kelowna Core | 3,182 | 3.2% | $590 | $742 | $920 | $961 |
| Rutland & Outside | 698 | 2.3% | $490 | $698 | $836 | $1,083 |
| Townhomes (Oct 2009) | Available Units | Vacancy Rate | Studio | 1 Bedroom | 2 Bedroom | 3+ Bedroom |
| Greater Kelowna Averages | 400 | 7.3% | --- | $617 | $866 | $1,071 |
| Kelowna Core | 202 | 7.9% | --- | --- | $871 | $1,120 |
| Rutland & Outside | 198 | 6.6% | --- | $592 | $862 | $992 |
Private Condo Rentals - Vacancy rates in Kelowna for rental condominium apartments in 2009 were lower than vacancy rates in other major cities in Canada. Rent for a typical two bedroom, two bath condo range from $900 to $1,350. Two bedroom units including a den rent for as high as $1,350 to $2,000
Getting Around Kelowna
Cycling – Kelowna is a bike-friendly community with the most extensive bike path network in Canada. With over 240 kilometres of bike lanes, cyclists can travel all over the city. The city’s transit buses are equipped with bike racks.
Driving – The city sits on Lake Okanagan at the eastern end of the William R. Bennett Bridge (2008). Highway 97 runs north-south through Kelowna and the Okanagan Valley providing access to the US border, Highway 1 and the northern half of British Columbia. East of the city, the Coquihalla Highway provides a direct route to the lower mainland. Highway 33 connects with Highway 97 in Rutland, providing an alternate route to the southeast.
Transit – The Kelowna Regional Transit System is an extensive bus system that runs throughout the city of Kelowna and the surrounding area.
Airports – The Kelowna International Airport (YLW) is the 3rd busiest in British Columbia and the 11th largest in Canada. Kelowna has direct flights to/from Vancouver, Calgary, Edmonton, Seattle, Toronto and Victoria.