Rental Market Trends in Penticton, BC

What is the average rent in Penticton, BC?

C$1,284/month

Average Rent

552 Sq Ft

Average Apartment Size

+0.8%

Increase in the Last Year

As of July 2025, the average rent in Penticton, BC was C$1,284/month. When you rent an apartment in Penticton, you can expect to pay as little as C$997 to as much as C$2,783, depending on the location and size of the apartment.

Floor Plan Type

Average Rent

Average Sq Ft

Studio

C$997/month

270 Sq Ft

One Bedroom

C$1,284/month

552 Sq Ft

Two Bedroom

C$1,543/month

704 Sq Ft

Three Bedroom

C$2,783/month

1,234 Sq Ft

Floor Plan Type

Average Rent

Average Sq Ft

Floor Plan Type

Average Rent

Average Sq Ft

Floor Plan Type

Average Rent

Average Sq Ft

How much has average rent changed in Penticton, BC?

In the past year, rent has increased by 0.8%, which averages out to C$11 more per month.

Percentage*

Rent Range

0% Below C$700/month

8% C$700 - C$1,000/month

46% C$1,001 - C$1,500/month

38% C$1,501 - C$2,000/month

8% Above C$2,000/month

What salary do I need to live comfortably in Penticton, BC?

Because the average rent in Penticton is C$1,284, you’ll want to make about C$4,280 per month or C$51,360 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

How does Penticton, BC compare to other nearby cities and neighborhoods?

Use the tool below to compare Penticton, BC to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Apartment Averages

Apartment communities in Penticton we think you'll love

Westmin 795

795 Westminster Av W,
Penticton, BC V2A 1K9

3 Beds | C$3,250 - C$3,325

Penticton Main Street Apartments

769 Winnipeg St,
Penticton, BC V2A 5N2

3 Beds | C$1,900

Penticton Sunburst

223 Victoria Dr,
Penticton, BC V2A 5N5

1 Bed | C$1,550

Canada British Columbia Penticton Rental Trends

Methodology

† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

* Percentages may not total 100 due to rounding.