The battle between Montreal and Toronto is neverending, but one realm we know we win in is that of cheaper real estate. But with rental prices increasing in the 514, we decided to take a look at the average rent in Montreal vs. Toronto.
The average rent in Montreal for an unfurnished one-bedroom apartment is $1,192/month this May, while a furnished one-bedroom averages $1,426/month.
Meanwhile, this May in Toronto, the average rental price for an unfurnished one-bedroom is $1,704/month and a furnished one is $1,765/month.
So, if we're talking comparisons, that makes a $512/month difference for a furnished one-bedroom apartment in Toronto instead of Montreal and a $339/month difference for an unfurnished one.