Sign up for our newsletter and get a curated list of the top trending stories and exclusive rewards every day.

Trending Topics

Get the MTL Blog app

Download on the App StoreGet it on Google Play

Montreal's Average Rent Finally Dropped After A Continuous Surge Since March, Report Says

It's still pricey, but not nearly as bad as Vancouver or Toronto.

Staff Writer
Montreal apartments.

Montreal apartments.

After months and months of continued increases, totalling more than $200 in price hikes since January, the average Montreal rent for an unfurnished one-bedroom apartment fell by $22 in July. This places the new average at $1,517 per month. That average only crossed over the $1,500 threshold in June, according to recentreports from

The months-long price increases in Montreal were largely echoed in the Vancouver and Toronto housing markets, according to the full report. This isn’t necessarily comforting — all three cities are in active housing crises. But unlike Montreal, both cities saw average rents increase in July, says.

In the Vancouver area, increasing rents have solidified the area's standing as the most expensive in the country.

The price of an average unfurnished one-bedroom there was $2,176 at the beginning of August — beating even the Greater Toronto Area (GTA), whose average was $1,979 this month. That means your average unfurnished-home-having Vancouverite is paying over $26,000 per year on housing alone.

Even Montreal’s most expensive neighbourhood in the report this month (the downtown area, naturally) only averaged $1,758. It’s a sobering figure, but anything beats a cool two thousand per month.

By comparison, Montreal is doing relatively well. The rental platform says the gap between furnished and unfurnished rent prices is decreasing, too — it’s only marginally more expensive to opt for the average furnished one-bedroom than an unfurnished unit.

As the year continues, we can only ardently hope to see further decreases. Keep your fingers crossed, and look for housing in Ahuntsic-Cartierville, the borough with the cheapest rent among those included in the assessment.

To compile its monthly Montreal rent report, looks at rent asking prices in listings on its own site, as well as PadMapper, Centris and DuProprio, excluding units with rent over $5,000/month.

This article's cover image was used for illustrative purposes only.

More from MTL Blog

Comments 💬

Our comment section is a place to promote self-expression, freedom of speech and positivity. We encourage discussion and debate, but our pages must remain a safe space where everyone feels comfortable and the environment is respectful.

In order to make this possible, we monitor comments to keep spam, hate speech, violence, and vulgarity off our pages. Comments are moderated according to our Community Guidelines.

Please note that Narcity Media does not endorse the opinions expressed in the comment section of an article. Narcity Media has the right to remove comments, ban or suspend any user without notice, or close a story’s comment section at any time.

First and last names will appear with each comment and the use of pseudonyms is prohibited. By commenting, you acknowledge that Narcity Media has the right to use & distribute your content across our properties.