Under your rent
41
$374,999
~$1,777/mo
i#211 – 2142 Vasile Road
Kelowna · Residential
1 bd
1 ba
678 sqft
$553/sqft
Built 2009
MLS® 10393925
RE/MAX Priscilla
Rent vs mortgage
$1,800 a month in rent buys a $380,000 home in Kelowna
That is what a 1800-a-month rent carries as a mortgage at 5.19%, with 20% down over a 25-year amortization. Covering property tax, strata and insurance inside the same monthly budget, the matching price is about $269,000. Here are the 278 Kelowna homes on the market at or under it right now.
Purchase price
$380,000
Down payment
$76,000
All-in monthly
$2,323/mo
Matching homes
278
Kelowna homes your $1,800 rent could own
Under your rent
32
$359,900
~$1,706/mo
i#302 – 1170 Brookside Avenue
Kelowna · Residential
2 bd
2 ba
1,239 sqft
$290/sqft
Built 1987
MLS® 10398466
Royal LePage Kelowna Paquette Realty
Under your rent
9
$199,000
~$943/mo
i#638 – 925 Leon Avenue
Kelowna · Residential
0 bd
1 ba
309 sqft
$644/sqft
Built 2018
MLS® 10392214
Coldwell Banker Executives Realty
Under your rent
62
$339,000
~$1,607/mo
i#105 – 2300 Benvoulin Road
Kelowna · Residential
1 bd
2 ba
1,059 sqft
$320/sqft
Built 2001
MLS® 10383949
REMAX Kelowna
Under your rent
40
$375,000
~$1,777/mo
i#175 – 9020 Jim Bailey Road
Kelowna · Residential
3 bd
2 ba
1,620 sqft
$231/sqft
Built 2017
MLS® 10391410
Royal LePage Kelowna
Under your rent
7
$375,000
~$1,777/mo
i5285 BROOKMERE Crescent
Kelowna · Land
MLS® 10398346
Renanza Realty Inc.
Under your rent
35
$319,000
~$1,512/mo
i#104 – 1777 Water Street
Kelowna · Residential
1 bd
1 ba
652 sqft
$489/sqft
Built 1967
MLS® 10394234
Royal LePage Kelowna
Under your rent
42
$330,000
~$1,564/mo
i#406 – 1290 St. Paul Street
Kelowna · Residential
0 bd
1 ba
397 sqft
$831/sqft
Built 2014
MLS® 10394081
eXp Realty (Kelowna)
Under your rent
19
$259,500
~$1,230/mo
i#133D – 8900 Jim Bailey Road
Kelowna · Residential
1 bd
1 ba
560 sqft
$463/sqft
Built 2024
MLS® 10398411
eXp Realty (Kelowna)
Under your rent
71
$300,000
~$1,422/mo
i#35 – 415 Commonwealth Road
Kelowna · Residential
1 bd
1 ba
756 sqft
$397/sqft
Built 2008
MLS® 10397502
Royal LePage Kelowna
Under your rent
23
$156,000
~$739/mo
i#217 – 3591 Old Vernon Road
Kelowna · Residential
2 bd
2 ba
918 sqft
$170/sqft
Built 1978
MLS® 10397945
Oakwyn Realty Okanagan
Under your rent
13
$208,000
~$986/mo
i#320 – 345 Dougall Road
Kelowna · Residential
0 bd
1 ba
312 sqft
$667/sqft
Built 2019
MLS® 10395229
Oakwyn Realty Okanagan
See all on the map (278 active listings)
Other rents in Kelowna
$1,500/mo · $2,000/mo · $2,200/mo · $2,500/mo · $3,000/mo · $3,500/mo · $4,000/mo
The assumptions behind these numbers
Every figure assumes a 5.19% interest rate, 20% down and a 25-year amortization. Property tax uses the local municipal residential rate of 4.47 per $1,000; strata ($320/mo) and insurance ($62/mo) are estimates, since neither is knowable from rent alone. Change any of these in the calculator and the numbers update in place. This is an estimate for comparison, not a mortgage approval or financial advice. Your rate, down payment and the home's real carrying costs will differ. Confirm with a mortgage professional before you rely on it.
Common questions
What can $1,800 a month in rent buy in Kelowna?
At a 5.19% rate with 20% down over 25 years, $1,800/mo carries the mortgage on a home priced around $380,000. Covering tax, strata and insurance inside the same budget, the matching price is about $269,000.
How much do I need for a down payment?
On a $380,000 home at 20% down, the down payment is $76,000. A smaller down payment raises the monthly cost and may add mortgage insurance.
Is the mortgage really the same as my rent?
The mortgage payment is, by design; that is what this page solves for. Owning also adds roughly $523/mo in tax, strata and insurance, so the honest all-in monthly on a $380,000 home is closer to $2,323.
RR
How these numbers are worked out
I am Ray Rasouli, a licensed REALTOR® with Real Broker B.C. Ltd. The purchase price is your rent solved back through a standard amortized mortgage, and the listings come from live MLS® inventory refreshed hourly, not a static table. The figures are for comparison, not a mortgage approval. Tell me your situation and I will confirm what you actually qualify for.
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Listing data provided by the Real Estate Board of Greater Vancouver and partner boards under MLS® Reciprocity. Deemed reliable but not guaranteed accurate. Mortgage figures are estimates for comparison only, not financial advice. MLS® and REALTOR® are trademarks of CREA.