Montreal Apartment Rent In Most Expensive Vs. Least Expensive Areas

A new rental market report shared with MTL Blog by the website liv.rent has revealed some drastic geographic differences in the cost of a Montreal apartment as we head into August.

While the city is still not close to having the most expensive average rent prices in Canada, the cost of one-bedroom, two-bedroom and three-bedroom apartments in Montreal will definitely make you sweat.

Liv.rent looked at current average rents in nine Montreal neighbourhoods. Prices in the most and least expensive areas evaluated in the report, Downtown Montreal and Ahuntsic-Cartierville, respectively, are outlined below.

Most expensive: Downtown Montreal

The downtown had the most expensive average rent among all unfurnished apartment listing types included in the report.

Average rent for unfurnished one-bedroom: $1,450

Average rent for unfurnished two-bedroom: $2,077

Average rent for unfurnished three-bedroom: $2,509

It's no surprise that some of the most central Montreal neighbourhoods are also the most expensive. The Plateau had the second-highest average unfurnished one-bedroom apartment rent with a rate of $1,351 per month.

You're much better off getting an empty apartment downtown if your budget is tight. You'll pay nearly $250 more per month for a furnished one-bedroom apartment, according to liv.rent.

Least expensive: Ahuntsic-Cartierville

The borough along the Rivière des Prairies had the least expensive average rent among all unfurnished apartment categories.

Average rent for unfurnished one-bedroom: $942

Average rent for unfurnished two-bedroom: $1,454

Average rent for unfurnished three-bedroom: $1,720

Verdun had the second-lowest average rate, with rent at $1,079, $1,567 and $1,771 for unfurnished one, two and three-bedroom apartments, respectively.

Ahuntsic-Cartierville is everything Downtown Montreal isn't. It's quiet, suburban, and at the end of the orange line. But don't let that deter you from looking for an apartment there.

As one of the few neighbourhoods where you can still find a reasonable rental rate, Ahuntsic-Cartierville is certainly an up-and-comer.

As usual, unfurnished is the way to go if you're on a tight budget.