September 2020 Montreal Rent Report

As summer moves into autumn and the global pandemic continues, we take a closer look at the reported average rent prices for the month of September across the Montreal region. Based on data gathered from numerous listing websites and our own platform, our rent reports seek to identify and share key market data and trends, to help inform and educate landlords and tenants alike.

Jump to the following Rent Report sections:

The numbers collected this month come as Quebec moves out of the COVID-19 pandemic period into another phase of re-opening. Looking at a 6 month period beginning in April, Montreal is experiencing a dip in rental rates continuing from August despite a slight recovery in July.

Month-to-Month Rent Change

Below we show the percentage change in average rent from August to September’s figures. While last month’s report showed volatility, the September report shows much more stability. The largest decreases for unfurnished rentals were seen in Ahuntsic-Cartierville at -1.61% and in Saint Laurent neighbourhood at -1.53%. The same neighbourhoods also saw the biggest decrease in furnished rentals, with Ahuntsic-Cartierville at -3.85% and Saint Laurent at -3.51%.

Montreal Unfurnished vs. Furnished Rent Averages

The average rent in Montreal for an unfurnished one-bedroom apartment in September is down to $1,284 from August’s $1,301. The average cost of a furnished is down again to $1,495 from August’s $1,524.

Neighbourhood Breakdown

The Montreal neighbourhood of Ahuntsic-Cartierville had the lowest average rent in the region with a 1 bedroom, unfurnished unit costing $1,017 while rents Downtown were highest at $1,511.

To assist you in your rental decision, here is 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.

Cost of Living

As all our data indicates, the cost of living in Montreal compared to other Canadian cities is relatively low, making it an attractive option for many.  The economy and job market are strong, in addition to highly competitive rents, making it a particularly attractive choice for young people.

Downloadable Resources

Save the complete September 2020 Rent Report package for easy sharing and reference.

Complete September 2020 Montreal Rent Report: Download Here

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For more rental insights, discover our previous Rent Reports:

August 2020 Vancouver Rent Report
August 2020 Toronto Rent Report
August 2020 Montreal Rent Report

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COVID-19 Resources

For information regarding Coronavirus (COVID-19) and landlords and tenants, refer to our comprehensive resource posts. They include information on the various federal and provincial assistance initiatives available to help support landlords (small business relief) and tenants (rent relief):

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