Under your rent
59
$680,000
~$3,223/mo
i#83 – 2200 GORDON Drive
Kelowna · Residential
3 bd
3 ba
2,772 sqft
$245/sqft
Built 1987
MLS® 10396689
Oakwyn Realty Okanagan
Rent vs mortgage
$3,500 a month in rent buys a $738,000 home in Kelowna
That is what a 3500-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 $600,000. Here are the 880 Kelowna homes on the market at or under it right now.
Purchase price
$738,000
Down payment
$148,000
All-in monthly
$4,157/mo
Matching homes
880
Kelowna homes your $3,500 rent could own
Under your rent
29
$475,000
~$2,251/mo
i#204 – 1329 Ellis Street
Kelowna · Residential
1 bd
2 ba
1,007 sqft
$472/sqft
Built 2007
MLS® 10384667
REMAX Kelowna
Under your rent
39
$369,900
~$1,753/mo
i#304 – 547 Yates Road
Kelowna · Residential
2 bd
2 ba
932 sqft
$397/sqft
Built 2008
MLS® 10396663
Stilhavn Real Estate Services
Under your rent
Open House on Sat, 11am–3pm
51
$434,900
~$2,061/mo
i#403 – 1111 Frost Road
Kelowna · Residential
1 bd
1 ba
661 sqft
$658/sqft
Built 2025
MLS® 10394178
REMAX Kelowna
Under your rent
Open House on Sat, 11am–3pm
61
$499,900
~$2,369/mo
i#218 – 1057 Frost Road
Kelowna · Residential
2 bd
2 ba
1,010 sqft
$495/sqft
Built 2025
MLS® 10394173
REMAX Kelowna
Under your rent
Open House on Sat, 11am–3pm
48
$579,900
~$2,749/mo
i#217 – 1057 Frost Road
Kelowna · Residential
3 bd
2 ba
1,114 sqft
$521/sqft
Built 2025
MLS® 10394174
REMAX Kelowna
Under your rent
Open House on Sat, 11am–3pm
57
$489,900
~$2,322/mo
i#410 – 1111 Frost Road
Kelowna · Residential
2 bd
2 ba
957 sqft
$512/sqft
Built 2025
MLS® 10394180
REMAX Kelowna
Under your rent
59
$724,900
~$3,436/mo
i440 Primrose Road
Kelowna · Residential
3 bd
2 ba
2,003 sqft
$362/sqft
Built 1970
MLS® 10391449
Sotheby's International Realty Canada
Under your rent
46
$499,000
~$2,365/mo
i#306 – 1961 Durnin Road
Kelowna · Residential
2 bd
2 ba
1,323 sqft
$377/sqft
Built 2005
MLS® 10380506
Vantage West Realty Inc.
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
Under your rent
38
$560,000
~$2,654/mo
i#149 – 1651 Lynrick Road
Kelowna · Residential
3 bd
3 ba
1,385 sqft
$404/sqft
Built 2015
MLS® 10395471
Real Broker B.C. Ltd
Under your rent
30
$699,900
~$3,317/mo
i#103 – 1281 Pridham Avenue
Kelowna · Residential
2 bd
3 ba
1,092 sqft
$641/sqft
Built 2026
MLS® 10388441
eXp Realty (Kelowna)
See all on the map (880 active listings)
Other rents in Kelowna
$1,500/mo · $1,800/mo · $2,000/mo · $2,200/mo · $2,500/mo · $3,000/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 $3,500 a month in rent buy in Kelowna?
At a 5.19% rate with 20% down over 25 years, $3,500/mo carries the mortgage on a home priced around $738,000. Covering tax, strata and insurance inside the same budget, the matching price is about $600,000.
How much do I need for a down payment?
On a $738,000 home at 20% down, the down payment is $148,000. 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 $657/mo in tax, strata and insurance, so the honest all-in monthly on a $738,000 home is closer to $4,157.
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.