Go to content

Two new reports show the average rent in Montreal neighbourhoods

Two new reports show the average rent in Montreal neighbourhoods
/ Zhou Jiang / Moment / Getty Images

The cost of renting an apartment in Montreal has been a hot topic of debate recently, and a new report looks to shed some light on just how expensive rent is in our city. 

According to liv.rent, Montreal did see a slight decrease in average prices since the beginning of the COVID-19 pandemic but now it seems rent is starting to go up yet again.

The report looks at the average rent price in nine Montreal neighbourhoods, average rates by listing type, and more. And according to the results, the report points to an upward trend into 2020 following a fourth-quarter low in rental rates in 2019.

The average rent in Montreal for an unfurnished one-bedroom apartment in January was $1,403 up slightly from December’s $1,399. The average cost of a furnished apartment remained the same as December at $1,715.

The report also shows a breakdown of rental averages across other Greater Montreal neighbourhoods. Comparing 1-, 2-, and 3-bedroom rates for both unfurnished and furnished listings across each neighbourhood.

Take a look at the following graphs... 

Liv.rent

Source: Liv.rent

Liv.rent

Source: Liv.rent

What’s also interesting is another report published earlier this month in the Montreal Gazette which listed the most expensive neighbourhoods in Montreal to rent one-bedroom, two-bedroom, and three-bedroom apartments in 2021.

The results are as follows:

The most expensive neighbourhoods to rent one-bedroom apartments in 2021, on average:

 

Ville-Marie Est — $1,479

Sud-Ouest — $1,365

Nuns’ Island — $1,355

Pointe-Claire — $1,312

Mont-Royal — $1,286

Westmount — $1,256

Plateau-Mont-Royal — $1,192

Outremont — $1,181

Beaconsfield-Kirkland — $1,151

Chomedey — $1,124

 

The most expensive neighbourhoods for two-bedroom apartments in 2021, on average:

 

Westmount — $1,797

Nuns’ Island — $1,787

Pointe-Claire — $1,691

Mont-Royal — $1,674

Outremont — $1,581

Sud-Ouest — $1,569

Plateau-Mont-Royal — $1,534

Ville-Marie Est — $1,443

Dollard-des-Ormeaux — $1,432

Côte-Saint-Luc/Montreal West — $1,415

 

The most expensive neighbourhoods for three-bedroom apartments in 2021, on average:

 

Westmount — $2,382

Mont-Royal $2,224

Outremont — $2,001

Beaconsfield-Kirkland — $1,869

Nuns’ Island — $1,837

Côte-Saint-Luc/Montreal West — $1,836

Plateau-Mont-Royal — $1,827

Hampstead/Côte-Saint-Luc — $1,826

Notre-Dame-de-Grâce — $1,648

Pointe-Claire — $1,641

*****

According to the Montreal Gazette, across all 92 areas of the Greater Montreal region, the average prices for apartments are $926 for a one-bedroom, $1,155 for a two-bedroom, and $1,359 for a three-bedroom apartment.

Subscribe to our newletter!Subscribe to our newletter!
By subscribing, I agree to receive communications by email from Cogeco Média and its affiliates, including news, updates, activities and contests. You can unsubscribe at any time by using the link at the bottom of our emails or contacting us via our Privacy Policy. Please note, however, that we may still continue to send you service-related and other non-commercial communications. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Streaming will resume following advertisement.
The Beat of your Workday with Donna
Live