Rental Trends in April 2021 

They say April showers bring May flowers, but this month also brings with it a fresh crop of new rental data. We’re going to look at how much rent is in Montreal on the ground.

This report, which comes to you each and every month, is based on data from our own liv.rent platform and other listings websites to help our community of renters and landlords navigate the current rental landscape.

You can get the latest updates on the Montreal rental market straight to your inbox when you subscribe to keep on top of the trends.

Let’s take a look at the actual cost of rent in Montreal for April 2021:

Jump to the following Rent Report sections:

Average rent across Montreal

Let’s look now at the cost of rent over the last six months from November 2020 to April 2021.

You can see that Montreal’s average cost of rent is continuing to decline month over month since December. Also, it’s reached a new six-month low.

Meanwhile, in Vancouver, rent is slowly beginning its rebound while Toronto rent still sees similar patterns to Montreal.

Month-to-month rent change

Looking at the percentage change in average rent from March to April, the overall trend is down for unfurnished rentals but up for furnished rentals.

The cost of furnished rentals in Notre-Dame (+13.33%) and Villeray (+18.99%) reversed their trend from last month and shot up.

Unfurnished rentals continued to drop in most areas, except for St. Laurent (+7.64) and Plateau Mt. Royal (+1.63.)

Montreal unfurnished vs. furnished rent averages

The average rent in Montreal for an unfurnished one-bedroom apartment took a slight dip and dropped from $1,193 in March to $1,177 in April.

Furnished rentals made a slight recovery and went up from $1,375 in March to $1,410 in April.

Neighbourhood breakdown

Now, let’s break down Montreal into its different neighbourhoods to see the prices in each area. Ahuntsic-Cartierville continues to be the least expensive place to rent with one-bedroom unfurnished units going for $950.

Downtown, the most expensive neighbourhood for renters, continued to drop from March when it was $1,473 down to $1,433 in April.

If we compare rent by listing type, we can see the differences in one, two, and three-bedroom rent rates across each area. Here are some key takeaways:

• Plateau Mount Royal has more affordable two-bedrooms and three-bedrooms than nearby Downtown, but the cost of one-bedroom apartments is pretty similar in both neighbourhoods
• You can get a one-bedroom for $1,100 or less in three Montreal neighbourhoods
• The cheapest apartments in each category are in Ahuntsic-Cartierville and the most expensive in each category are in Downtown

---

Downloadable Resources

• 

• 

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

Looking for the full report? Download it for free here.

---

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.

Learn More

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

March 2021 Vancouver Rent Report
March 2021 Toronto Rent Report
March 2021 Montreal Rent Report

Be sure to subscribe to our mailing list so you never miss an update on the Montreal rental market.

---

COVID-19 resources

For information regarding COVID-19 and landlords and tenants, refer to these comprehensive resource posts. They include information on the various federal and provincial assistance initiatives available to help support landlords and tenants:

• Coronavirus (COVID-19) Canada – Support For Landlords
• Coronavirus (COVID-19) Rent Relief Canada
• Tips for Moving During the COVID-19 Pandemic
• Coronavirus disease (COVID-19) in Québec