October 2020 Montreal Rent Report

As fall takes hold and Montreal takes additional measures to curb the spread of COVID-19, we take a closer look at the reported average rent prices for the month of October across the Montreal region. Based on data gathered from numerous listing websites and our own liv.rent 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 renews measures to prevent a second wave of COVID-19. Looking at a 6 month period beginning in May, Montreal is experiencing a persistent decline in rental rates.

montreal rent trends

Month-to-Month Rent Change

Below we show the percentage change in average rent from September to October’s figures. The October report shows much more stability the largest decreases for unfurnished rentals occurring in Verdun – a 9.8% drop in rates. Meanwhile, furnished rentals in Saint Laurent neighbourhood saw a recovery this month as rates went up by 8.69% from last mont’s -1.53% drop.

rent change montreal

Gain comprehensive insights about your listings with the new liv.rent Landlord listing Dashboard. Sign in to unlock live insights – find out the average rent for a comparable property, number of views your listing received and more!

Montreal Unfurnished vs. Furnished Rent Averages

The average rent in Montreal for an unfurnished one-bedroom apartment in October is down to $1,338 from September’s $1,358. The average cost of a furnished also dipped slightly to $1,545 from September’s $1,553.

montreal rental market

Neighbourhood Breakdown

The Montreal neighbourhood of Ahuntsic-Cartierville had the lowest average rent in the region with a 1 bedroom, unfurnished unit costing $1,025 while rents Downtown were highest at $1,525.

average rent downtown montreal

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.

average rent for unfurnished rentals montreal
average rent for furnished rentals montreal

Gain comprehensive insights about your listings with the new liv.rent Landlord listing Dashboard. Sign in to unlock live insights – find out the average rent for a comparable property, number of views your listing received and more!

Downloadable Resources

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

Free Virtual Backgrounds: Download Here

Bring the latest rental averages and trends to your next video conference with our custom virtual backgrounds. 

Complete October 2020 Montreal Rent Report: Download Here

Be sure to SUBSCRIBE to our mailing list for all future updates on the Montreal rental market!

montreal rent report

For more rental insights, discover our previous Rent Reports:

September 2020 Vancouver Rent Report
September 2020 Toronto Rent Report
September 2020 Montreal Rent Report


Find apartments & houses for rent with the liv.rent app

Rethink The Way You Rent

Not on liv.rent yet? Experience the ease of digital applications & contracts, verified tenants & landlords, virtual tours and more – all on one platform. Sign up for free or download the app.

Subscribe to receive these monthly updates on the Vancouver rental market. Discover last month’s Rent Reports below:

October 2020 Vancouver Rent Report
October 2020 Toronto Rent Report
October 2020 Montreal Rent Report

liv.rent is coming soon to Montreal – Sign up for our newsletter to receive the latest announcements and rental news. 


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):

You May Also Like

Top 10 Cheapest Neighbourhoods for Rent in Metro Vancouver

October 2020 Toronto Rent Report

October 2020 Vancouver Rent Report

September 2020 Montreal Rent Report

Leave a Reply

Your email address will not be published. Required fields are marked *