June 2021 Montreal Rent Report
Montreal Rental Trends in June 2021
Montreal rent has been making headlines lately, but what’s actually happening in the rental market and where is it headed?
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We’re liv.rent, a platform with solutions for every step of the rental process. This report, which we provide every month, is based on data from our own platform and other listings websites to help our community of renters and landlords navigate the current rental landscape.
Let’s take a look at the actual cost of rent in Montreal for June 2021:
Jump to the following Rent Report sections:
Complete June 2021 Montreal Rent Report: Download Here
Average rent across Montreal
Let’s start by looking at the average rent for an unfurnished one-bedroom apartment in Montreal and see how it changed over the last six months.
After slumping and then going up a bit in May, June’s rental averages appear to be holding steady. This is similar to the trend we’ve seen in Toronto and Vancouver for June as well.
>> Read More: Toronto vs. Montreal: Cost Of Living Comparison
Month-to-month rent change
From May to June, the percentage changes in rent have been pretty small, especially for unfurnished rent. Furnished rent dropped noticeably in half of Montreal’s neighbourhoods, including Ahuntsic-Cartierville (-12.5%) and Villeray-Parc-Extension (-10.16%.)
Unfurnished rental prices went up in Downtown (+3.25%) and Verdun (+4.63%) and a handful of others.
Montreal unfurnished vs. furnished rent averages
The average rent in Montreal for an unfurnished one-bedroom apartment was virtually unchanged from $1,192 in May to $1,194 in June. Meanwhile, furnished rentals dropped a bit down from $1,426 in May to $1,375 in June.
Neighbourhood breakdown
Rental prices vary across the city, so let’s take a closer look now at each neighbourhood in Montreal. The least expensive place to rent is Ahuntsic-Cartierville, where one-bedroom unfurnished units average $929.
In comparison, Downtown is the most expensive neighbourhood for renters. Prices are up slightly from May $1,437 to June’s $1,483.
Looking at the different listing types, we can see the differences in one, two, and three-bedroom rent rates across each area. Here are some key takeaways:
- The price difference between a one-bedroom and two-bedroom apartment is not that great in Verdun and Villeray-Parc-Extension
- Downtown rents are nearing $1,500 for an unfurnished one-bedroom
- Comparatively, three-bedroom apartments are the most affordable in Verdun and Saint-Laurent
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Complete June 2021 Montreal Rent Report: Download Here
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May 2021 Vancouver Rent Report
May 2021 Toronto Rent Report
May 2021 Montreal Rent Report
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COVID-19 resources
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