Montreal Rent Report July 2021

July 2021 Montreal Rent Report

  • Rent seems to be on an upward trend, looks like the slump we saw in February, March, and April is over.
  • The unfurnished average rent for a one-bedroom in the city is $1,218
  • Meanwhile, unfurnished rent downtown dipped -3.15%, but went up between 6% and 11% in other neighbourhoods

Summer has arrived in Montreal and with COVID-19 restrictions loosening, it might finally be a time to celebrate. As Montrealers are busy catching up with friends they haven’t seen for months on terraces, we’re sharing our latest rental market data.

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.

Using both data from our own platform and manual collection processes covering all major rental listings, liv.rent is able to create the most accurate reflection of the true cost of rent in Montreal. Read our full report now and download the full version below to be in the know about rent in the city.

Jump to the following Rent Report sections:

Complete July 2021 Montreal Rent Report: Download Here

Average rent across Montreal

First, we’ll take a look at rental trends over the last six months for an unfurnished one-bedroom apartment in Montreal. There’s a distinct difference between February and July, however, the trend has been gentle and sloping.

July’s rental averages are slightly higher than June’s and a general upward trend seems to be emerging.



Month-to-month rent change

Tracking how rent has changed from June to July 2021, we can see that unfurnished units went up quite a bit in Saint-Laurent (+11%) and Ahuntsic-Cartierville (+9%) as well.

Rent changes in Plateau Mount Royal and Downtown are very small, and the biggest drops in rent were in Verdun for furnished (-7%) and unfurnished (-5.9%) places.

Percent change since last month for one bedroom average rent in Montreal.



Montreal unfurnished vs. furnished rent averages

The difference between furnished and unfurnished one-bedroom averages is almost $200 in Montreal. It’ll be cheaper for you to bring your own furniture if you’re renting long-term in the city.

Meanwhile, for landlords and property managers, furnishing your rental could increase your return on investment.

Montreal's rental market averages shows how furnished and unfurnished rentals are about $200 apart.


Neighbourhood breakdown

Montreal is not a monolith. Each neighbourhood is distinct, so we’ve broken down our rental data into different neighbourhoods.

Historically, Ahuntsic-Cartierville is the most affordable place to rent while Downtown is the most expensive. Unsurprisingly, such is the case for July’s rental averages as well.

Rental market price differences in Montreal's most and least expensive neighbourhoods.

Looking at the different listing types, we can see the differences in one, two, and three-bedroom rent rates across each area.

  • Unfurnished one-bedrooms are similarly priced in Verdun, Saint-Laurent, and Ahuntsic-Cartierville.
  • Furnished three-bedrooms are almost as expensive in Saint-Henri Westmount as they are Downtown.
Average rental rates by listing type for unfurnished units in Montreal.
Average rental rates by listing type for furnished units in Montreal.



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Downloadable Resources

Spice up your next Zoom call and show off the latest rental averages and trends at your next video conference with our custom virtual backgrounds. 

Free Virtual Backgrounds: Download Here

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

Complete July 2021 Montreal Rent Report: Download Here



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

June 2021 Vancouver Rent Report
June 2021 Toronto Rent Report
June 2021 Montreal Rent Report


Renting in Monreal

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:

liv.rent writer sarah anderson

Sarah Anderson, B.A.

Creative Content Writer at liv.rent

Sarah Anderson is a Creative Content Writer at liv.rent who shares the latest updates and news with the safe and trusted community of landlords and tenants at liv.rent. [Read Full Bio]

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