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The rent rates in Montreal have increased by more than 10%

The rent rates in Montreal have increased by more than 10%
Appartment in Montreal / Josep Gutierrez / Moment / Getty Images

If you rent a place in Montreal, you might want to read this!

Living in the metropolitain city has never been cheap. From parking fees, to restaurant prices and now renting rates, being a Montrealer comes with a (hefty) price. And now, it's become even worse.

According to research, Montreal has become the 16th most expensive market to rent a place to live in the last month. On average, a one bedroom in Montreal cost $1,500 to rent per month, whereas a two-bedroom cost $1,960.

Allen Simon / The Image Bank / Getty Images

Source: Allen Simon / The Image Bank / Getty Images

The Régie du Logement du Québec expects rents to increase by up to 2.3 percent in the new year. Renters, prepare yourselves! 

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