Long Term Rentals in Penticton, BC

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About Penticton, BC

Nestled in British Columbia’s (BC) Okanagan Valley, Penticton offers lakeside charm between Okanagan Lake and Skaha Lake, ideal for water sports. The city’s wineries attract enthusiasts with their offerings. Penticton’s cultural vibrancy and outdoor activities, paired with economic diversity, distinguish it among BC’s cities and neighborhoods.
Continuing its allure, Penticton’s rich cultural scene adds depth to its identity. Residents and visitors alike enjoy a myriad of festivals, art galleries, and theaters. The city’s commitment to outdoor living is bolstered by parks and recreational spaces. These attributes, combined with a diverse economic landscape, further underscore Penticton’s unique place among vibrant cities and neighbourhoods in BC.

Renting in Penticton, BC

Finding long term rentals in Penticton requires research, communication with landlords & property managers, securing references, and signing a lease. All this can add up to a lengthy endeavour if you’re not familiar with how to find an apartment in Penticton. To help you get started, here is a guide with tips for renting in Penticton.

Average Rent in Penticton, BC

What is the average rent in Penticton for long term rentals?

The average rent in Penticton, BC for long term rentals will vary on a month-to-month basis. For the latest stats on average rent in Penticton, check out our monthly Vancouver rent reports.

Finding long term rentals in Penticton, BC

Compared to cities like Vancouver and Richmond, it’s relatively easier to find cheap rentals in Penticton – although apartments for rent under $1000 are still uncommon. To start your search, you can refer to this guide on the cheapest neighbourhoods in Metro Vancouver.
In addition to choosing your location, it’s important to know what rental types are available in Penticton (e.g. 1 bedroom apartments, 2 bedroom apartments, 3 bedroom apartments, studio apartments) and the average rent for each property type. Refer below to figure out your options - ranging from furnished rentals and unfurnished rentals to long term rentals and short term rentals.

Penticton Rental Types

There are many rental property types you can choose from in Penticton.

Apartments for rent Penticton

In Penticton, apartments for rent are often the most affordable option and are typically located in the city center or nearby areas with easy access to amenities. They’re suitable for singles, young professionals, and small families. Rental prices could range widely depending on specific location, size, and condition.

Houses for rent Penticton

Full houses for rent are found in almost all neighbourhoods across Pentiction, but generally they are more common in suburban areas or close to the lakes. Suitable for families or shared living among young adults, rental prices can range significantly depending on the property’s size, location, and features. Both partial houses and entire houses for rent are common, as well as both new builds and older homes.

Townhouses for rent Penticton

Townhouses are another popular form of housing in Penticton that combine the best qualities of both apartments and whole houses. Typically less expensive than houses, townhouses for rent offer an attractive combination of freedom and space, generally coming with your own private yard and entrance.

Basements for rent Penticton

For those looking to find affordable rental housing in this increasingly expensive city, basements for rent in Penticton pose an attractive alternative. Since house prices are so expensive, homeowners will sometimes rent out their basements as a way to offset their mortgage payments. This makes it easy for renters to find relatively inexpensive basements for rent in all areas of the city.

Condos for rent Penticton

Condos for rent in Penticton offer a more upscale option and are found in various neighbourhoods, often closer to amenities or scenic areas like lakes. These types of rental accommodation are perfect for those who like to be in the centre of the action, and don’t need as much space. They’re ideal for professionals or small families.

Rooms for rent Penticton

Sharing a house or apartment is practically essential for those looking for cheap rent. Rooms for rent in Penticton are a great way to experience the best of the city on a budget, and can offer you the opportunity to live in neighbourhoods that would otherwise be unaffordable.

Special Penticton Rental Types

In addition to choosing your property type, there are also specific rental types you can look into.

Pet friendly rentals in Penticton

Though not every landlord is keen on allowing pets, there are a good number of pet-friendly rentals in Penticton for those with furry friends. Both dog-friendly and cat-friendly rental units are available, as well as properties where both are allowed. Keep in mind that some Penticton neighbourhoods are better suited to those with pets, and adjust your search accordingly.

Furnished rentals in Penticton

If you’re new to town or just haven’t had a chance to pick up furniture of your own yet, not to worry – there are plenty of furnished rentals available in Penticton. Renters seeking furnished units should search for these units using filters, but do be prepared to pay more in rent. There are pros and cons to renting furnished units compared to unfurnished units, so deciding whether it’s worth it to buy furniture when moving is a good first step.

Short term rentals in Penticton

Penticton, known for its tourism, agriculture, and burgeoning wine industry, offers various seasonal and service industry job opportunities. While it may not boast a wide array of significant academic institutions, its appeal as a scenic and recreational hub makes it popular for short-term rentals, especially during tourist seasons in the summer. These rentals provide flexibility that appeals to travelers, seasonal workers, and even students beginning their terms. The decision to opt for short-term rentals often hinges on individual needs for flexible lease terms and the desire to experience the vibrant culture and natural beauty of Penticton without a long-term commitment.

Cheap rentals in Penticton

If you’re looking for cheap rentals in Penticton, BC, try finding a roommate or two and explore shared housing; or search for rooms for rent. It’s worth noting that in Penticton, there are neighbourhoods where rent is considerably cheaper, so exploring these options is a good idea as well.

Penticton Amenities

When you’re searching for long term rentals in Penticton, make sure to look at what amenities are offered. For instance, check to see if the rental includes utilities like air conditioning, cable and internet or features such as dishwasher, parking, balcony and fridge.
Tip: When looking at listings on liv.rent, scroll down to the "Amenities" section to see what utilities and features are included with the rental.

Living in Penticton, BC

Penticton offers a vibrant yet laid-back lifestyle, suitable for outdoor enthusiasts, families, retirees, and professionals drawn to the tourism and wine industries. This picturesque city is known for its renter-friendly atmosphere, providing a range of housing options from apartments to detached homes, accommodating various lifestyles and budgetary needs. Penticton is renowned for its warm summer climate and the pristine lakes at its two ends, Okanagan and Skaha, making it a paradise for water sports, beach activities, and festivals. The area’s reputation as a wine production center adds to its allure, with numerous vineyards and wineries dotting the landscape, offering tours and tastings that wine aficionados will cherish. Beyond this, the community hosts several events, including the famous Peach Festival, and provides ample opportunities for hiking, cycling, and exploring scenic trails, underscoring Penticton’s appeal as a destination for both relaxation and adventure.

Popular Neighbourhoods in Penticton

Like any city, Penticton is made up of smaller neighbourhoods with their own distinct features. Some of the most popular neighbourhoods include Downtown Penticton, Main Street District, Uptown, Skaha Lake, Okanagan Lake, Naramata Bench, and Industrial Area. For more info about Penticton, you can consult this guide on BC neighbourhoods.

Local Landmarks in Penticton

Penticton, a gem nestled between Okanagan and Skaha Lakes in British Columbia, is graced with several landmarks that reflect its rich cultural heritage and natural beauty. The S.S. Sicamous Inland Marine Museum, resting on the shores of Okanagan Lake, stands as a remarkable preservation of marine history, housing the largest surviving stern wheeler in Canada. Not far away, the Ikeda Japanese Garden offers a tranquil, beautifully landscaped haven that symbolizes the friendship between Penticton and its sister city Ikeda, Japan. For wine enthusiasts, the Naramata Bench is an unmissable destination, renowned for its world-class vineyards and wineries set against breathtaking vistas. Lastly, the Skaha Bluffs Provincial Park attracts countless outdoor lovers with its impressive climbing routes, hiking trails, and opportunities to witness wildlife, encapsulating the adventurous spirit of the area.

Long term rentals Penticton

Search for condos, townhouses, rooms, and houses for rent in Penticton, BC on liv.rent. Finding long term rentals near you has never been easier. Filter your search by price range (great for finding cheap apartments for rent), unfurnished or furnished apartments for rent, pet-friendly rentals, availability, and housing type. Options range from studio apartments and suites for rent to 1 or 2 bedroom apartment and 3+ bedrooms for rent.
Our Penticton rental listings are updated in real-time and are current as of Nov 28, 2023.