The Cost To Rent An Apt. In Montreal Vs. The Cost To Rent An Apt. Every City In Canada

The differences in prices are actually surprising to say the least.

If there’s ever been a reason to stay in Montreal, it’s the cheap rent. A Montrealer’s monthly lodging expense has historically been lower than other major Canadian urban centres, and that hasn’t changed in 2017.

New data from apartment-finding website rentseeker.ca has shown Montreal to be one of the most affordable cities for renters in Canada. And when it comes to cities you’d actually want to live in, Montreal definitely takes the cake as the cheapest.

Renting a 1-bedroom apartment in Montreal, on average, costs about $698. That’s a far cry from the $1,194 it’ll cost you in Toronto, or the $1,223 per month you’d pay in Vancouver.

Vacancy rates for 1-bedroom units in Montreal are set at about 3.3%, meaning there are actually units available. Finding an apartment in Toronto or Vancouver is far harder, with vacancy rates of 1.1% and 0.9%, respectively.

But there are more cities in Canada than just the “big three” of Montreal, Vancouver, and Toronto. But even when factoring in all of Canada’s other urban centres, Montreal still comes out as one of the most affordable options.

See the numbers for yourself below, where we list out the cost of a one and two bedroom apartment unit in some of Canada’s most popular urban living destinations. For a full breakdown of Canada’s rental options, including prices on studio apartments and vacancy rates, check out the rentseeker.ca infographic here.

Yellowknife:

$1,453 - 1 bedroom apartment
$1,699 - 2 bedroom apartment

Toronto:

$1,194 - 1 bedroom apartment
$1,404 - 2 bedroom apartment

Vancouver:

$1,223 - 1 bedroom apartment
$1,552 - 2 bedroom apartment

Calgary:

$1,025 - 1 bedroom apartment
$1,247 - 2 bedroom apartment

Edmonton:

$989 - 1 bedroom apartment
$1,215 - 2 bedroom apartment

Whitehorse:

$950 - 1 bedroom apartment
$1,096 - 2 bedroom apartment

Regina:

$935 - 1 bedroom apartment
$1,116 - - 2 bedroom apartment

Halifax:

$881 - 1 bedroom apartment
$1,109 - 2 bedroom apartment

Winnipeg:

$880 - 1 bedroom apartment
$1,107 - 2 bedroom apartment

St. John’s:

786 - 1 bedroom apartment
$941 - 2 bedroom apartment

Quebec City:

$699 - 1 bedroom apartment
$820 - - 2 bedroom apartment

Montreal:

$698 - 1 bedroom apartment
$782 - 2 bedroom apartment