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montreal apartments for rent

Renting an apartment in Montreal is no easy task, with predatory landlords and high demand pushing rents ever higher. For $1,000 in rent, you can get a variety of places with an equal variety of quality. But for less, what's out there?

According to Rentals.ca, the average overall rent in Montreal is just under $2,000. For a one-bedroom, the average is around $1,660 monthly, by the same metrics. The city-wide average for an unfurnished one-bedroom, according to liv.rent, is $1,717. By either count, the average rent is more than $300 more expensive than it was in January 2022.

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As average rent creeps up, finding quality, affordable Montreal apartments is becoming increasingly difficult, even for people who have lived here their whole lives. An abundance of suspicious listings and sketchy landlords poses an additional challenge.

For those from outside of Montreal, especially international students, it’s understandably common to be unaware of local housing rights and the regulations that protect them. This can lead to people falling for scams and making avoidable mistakes that can make or break their time in the city.

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With Montreal's average listing rent exceeding $1,600 this year, your chances of finding a home for less may be dwindling. But that doesn't mean there aren't cheaper apartments out there, though they might not be downtown or in Westmount. For those who are comfortable sharing a home with a stranger, the prospects are a little better, but this list is primarily composed of apartments meant for one person.

The size, and frankly, the quality of each apartment will vary by area and price point, but we stuck to places at or under the $800 threshold to see what's out there at half the average rent. Peruse these available rentals to get a glimpse of what renting really looks like for those who aren't on software dev salaries, or just to think about how lucky you are to live in that Parc La Fontaine-view walkup.

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Renting in Montreal is an extreme sport, with obstacles everywhere and a barrier to entry higher than the tallest outdoor staircase. There is little positive news to be gleaned from the real estate market these days, but if you're looking for cheaper rents than in Toronto, you're ever-so-slightly in luck — but maybe not for much longer.

Montreal's average rent among active apartment listings is now more than $100 higher than it was at the beginning of 2023, with the citywide average at $1,686 for an unfurnished one-bedroom apartment, according to data aggregated by liv.rent.

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According to a recent liv.rent report, Montreal's average rent is now well over the $1,000 mark, but plenty of renters pay just around one grand each month to keep themselves sheltered. Not every $1,000 apartment is made equal, though — different neighbourhoods have vastly different rental markets, with floor space, number of rooms and other amenities varying widely across the island, even at a similar price point.

Here's a snapshot of apartments currently on the market in Montreal, in neighbourhoods from LaSalle to Villeray. Each listing advertises approximately $1,000 in monthly rent. Leeway was given in either direction, especially for cheaper apartments that are visibly much nicer than their $1,000 competitors.

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Buying a home is feeling increasingly unachievable for many Canadians, who turn instead to a life of renting someone else's property in order to avoid sleeping on the street. The hunt for a good apartment to rent in Montreal is somewhat easier than searching for a house to own, but folks here and everywhere are disillusioned.

As of 2022, 33 per cent of non-homeowners "believe they will never be able to buy a family home," 15 per cent more than in 2021, according to a survey by Mortgage Professionals Canada (MPC).

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So you don't want to spend $2,500 on a downtown studio with thin walls and no appliances. Okay, fair enough — it's time to look outside the inner-city bubble and take a chance on a beautiful place that doesn't cost 60% of your monthly income.

In a year so full of expenses — inflation, cost of living increases, you know the drill — finding the right neighbourhood for your budget has gotten more challenging for many. Thankfully, liv.rent's monthly Montreal rent reports help give us a sense of which areas of the city are cheaper, and which are... not.

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After a November peak at $1,555, the average Montreal rent for an unfurnished one-bedroom apartment has dropped to $1,524 in December, according to a recent report by liv.rent.

The highest rent in the city is downtown, where the same apartment type averages $1,750 per month — a steep price despite being markedly lower than Toronto's citywide average, which has remained over $2,000 for months.

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If you’re not quite in the market for the most expensive house in Quebec, taking a look at the average rent in Montreal might make you a little queasy. For those of us with more modest incomes, the continued increase in rent prices is not particularly comforting. According to Rentals.ca, the monthly price for a 3 1/2 in the city rose to above $1,500 for the first time this June, after months of upward trends.

And those prices might be affecting the city's popularity. Based on Rental.ca property listing clicks, Montreal was the least popular municipality in June, in terms of average pageviews, while Vancouver was the most popular.

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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 recent reports from liv.rent.

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, liv.rent says.

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For Montrealers trying to find an affordable apartment to rent, July’s increased prices may be discouraging.

In June, the average cost for an unfurnished 3 ½ in Montreal was $1464, according to a report on the average rental prices in Montreal published by liv.rent. Now, barely one month later, the average has increased by nearly $75 to $1539/month.

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Looking for a home to buy? Considering home prices in Montreal have jumped, it's certainly no easy feat to find a Montreal home for sale for under $400,000.

Thankfully there are a few gems across the 514 that offer up affordable single-family homes and there's one for sale right now through duProprio in Montreal-North.

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