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Affordable Rental Housing in Thompson-Okanagan (Other): Below-market rental in Merritt - Rentable

Affordable Rental Housing in Thompson-Okanagan (Other)

There is no single below-market rental program for Vernon, Penticton, Salmon Arm, Revelstoke, or Merritt. Below-market homes are run by non-profit operators in each town.

Below-market rental unit
Below-market rental
Last checked May 9, 2026

Eligibility

Age

You must be 19 or older.

Residency and status

You must live in British Columbia.
Priority is given to people who already live in the local area.

Other rules

You must be 19 or older.
No single Thompson-Okanagan application.
Apply directly to non-profit operators in each town.
Income testing happens at move-in.
Local residents are usually a priority.
Some homes target moderate incomes, not just low incomes.

Income limits

Bedroom	Minimum income	Maximum income	Effective from
Studio	$23,790	$38,064	October 1, 2025
1 bedroom	$30,510	$48,816	October 1, 2025
2 bedrooms

Where this program applies

How to apply to Affordable Rental Housing in Thompson-Okanagan (Other)

Check the basic rules in the eligibility section above.
Gather your income and household information: Recent pay stubs and tax documents (T1 General).
Apply through the official program website.
Varies by operator
Confirm current rules with the program operator before you apply.

Next step

Apply through BC Housing

You will leave Rentable. Confirm current rules on the official site before you apply.

Providers

Local rent context

Source: CMHC Rental Market Survey.
Bedroom	Average rent	As of
Studio	$933	October 2025
1 bedroom	$1,197	October 2025
2 bedrooms	$1,511	October 2025
3+ bedrooms	$2,117	October 2025

Source: CMHC Rental Market Survey.
Bedroom	Average rent	As of
Studio	$846	October 2025
1 bedroom	$1,234	October 2025
2 bedrooms	$1,607	October 2025
3+ bedroomsRent figure has limited reliability.	$1,826	October 2025

Common misunderstandings

Key insight

Similar programs

Community Housing Fund – Below Market (LEM) UnitsBelow-market rental homes built through BC's Community Housing Fund. A mix of market, rent-geared-to-income, and deeply subsidized units.Also below-market rental

Last checked

Last checked: May 9, 2026.

This page describes a type of housing support in BC. There may not be one central application. Use the linked providers and official sources to apply.

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