Rental prices are dropping in Kelowna.
The average monthly cost of a one bedroom apartment in the city is down 11.5 per cent year-over-year, averaging $1,690, according to apartment hunting site Zumper.
The website’s recent statistics have Kelowna as 12th most expensive for housing rentals across the country, and the biggest annual decline among the 23 cities compared.
Two bedroom rentals in the city are also lower in cost with the month-over-month comparison showing a dip of 6.1 per cent and a 7.3 per cent decline from the year before. The average cost of a two bedroom is listed at $2,150.
Of the B.C. cities compared, Kelowna falls fourth on the list for most expensive sitting behind Vancouver, Burnaby, and Victoria.
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