New data on the average rent price in Montreal suggests you'll have to look outside of the city's most popular neighbourhoods if you're looking for an apartment for under $1,000 per month... at least for now.
The data, compiled by liv.rent for its March Rent Report and shared with MTL Blog, shows average prices in nine areas on Montreal Island: the Plateau-Mont-Royal, downtown, Saint-Henri and Westmount, Verdun, Notre-Dame-de-Grâce, Côte-des-Neiges, Saint-Laurent, Ahuntsic–Cartierville, and Villeray–Parc-Extension.
What's the average rent for a one-bedroom apartment?
The breakdown for an unfurnished one-bedroom in each of the nine areas is as follows:
Saint-Henri and Westmount: $1,325/month
How about a two-bedroom?
This is what average rents for unfurnished two-bedrooms look like:
Saint-Henri and Westmount: $1,850/month
Where has rent gone up?
Despite these seemingly steep prices, liv.rent has also seen rent decrease in some of these areas since its February Rent Report.
In the Plateau and Saint-Laurent, for example, average prices for an unfurnished one-bedroom fell by 4.33% and 4.48%, respectively.
Verdun and Villeray–Parc-Extension, meanwhile, saw average one-bedroom rent increases of 6.69% and 7.19%, respectively.
According to a company spokesperson, liv.rent compiled this information by evaluating a broad range of postings (from apartments to townhouses and detached houses) on Craigslist, Zumper, Padmapper, Kijiji, Realtor.ca, and Centris.ca.
The evaluation excluded properties with rents of over $5,000 per month, room rentals and shared accommodations.