How Much Does It Cost to Rent a 2 Bedroom Apartment in Kamloops?
The cost of a 2 bedroom apartment for rent in Kamloops is influenced by several factors: age of the building, quality and condition of apartment amenities and finishes, location, and market demand. These factors result in a wide range of rental prices, so apartment hunters must make an “apples-to-apples” comparison to determine the real value of the rental unit.
Average 2 Bedroom Rental Cost in Kamloops
According to Rentals.ca, in late 2025 the average rental cost for a 2 bedroom apartment in Kamloops was approximately $2,051 per month. When discussing “average” rental costs, it’s important to understand what kinds of rentals are included in the calculation.
In Kamloops, about 60% of rental housing is in the secondary rental market, which includes basement suites, rented rooms, full floors within houses, and other non-purpose-built rentals. These units are often older, smaller, or less amenity-rich than professionally-managed apartment buildings and are therefore frequently priced lower.
Because secondary market rentals make up such a large share of available housing, they tend to pull overall average rent figures downward. As a result, the published “average” rent will likely be lower than what renters should expect to pay for a modern, purpose-built 2 bedroom apartment.
Why Building Age Matters
Newer, professionally managed properties, typically command higher rents because they offer:
- Modern, efficient layouts
- Higher-end finishes and appliances
- In-suite laundry
- Better soundproofing and overall maintenance
- Desirable amenities such as fitness rooms and/or dedicated outdoor spaces to socialize
Older buildings sometimes offer lower rents, but the trade-off may be lesser quality and lack of amenities.
Location and Demand in Kamloops
Apartments closer to schools, major employers, transit, and shopping are usually in great demand and therefore monthly rents are higher. In Kamloops, neighbourhoods like Aberdeen, West End, TRU area, Sahali, and Valleyview often list 2 bedroom apartments toward the higher end of the price range, while rental units in less central areas are often priced lower.
2 bedroom apartment rentals are in demand and popular with:
- Couples
- Roommates, including TRU students, splitting the rent
- Professionals needing a large home office
The overall housing vacancy rate in the Kamloops is 1.2%, much lower than the national Census Metropolitan Area average vacancy rate of 3.1%. The lower the vacancy rate (supply), the higher the demand and price.
Comparing Apples to Apples in the Apartment Rental Market
When looking at apartment rental prices, make sure you’re comparing similar units or take their differences into account.
To fairly compare, consider:
- Age of the building
- Location, neighbourhood amenities
- Square footage
- Whether the unit has in-suite laundry
- Quality of finishes (flooring, appliances, plumbing fixtures, counters and cabinetry)
- Whether some utilities are included as part of rent
- Parking availability
- Whether rent includes a storage locker
- Building amenities like a gym or bike storage room
- Building security
- Quality of building management
- Access to transit
All of these factors influence the monthly rent you’d pay for a 2 bedroom apartment.
Summit Village Residences 2 Bedroom Apartment Rentals
At Summit Village Residences, as of January 2026 a 2 bedroom apartment rents for $2,050 per month. Please refer to the Floor Plans & Pricing page for current pricing.
Our apartments include many modern amenities including stainless-steel appliances, in-suite laundry, stylish cabinetry, plank flooring, balcony or patio, building fitness room and more.
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