Montreal rent report for August 2021

August 2021 Montreal Rent Report

  • Rent is hovering around the $1,200 mark for an unfurnished one-bedroom.
  • Montreal’s most expensive and most affordable neighbourhoods have a $508 price difference for an unfurnished one-bedroom.
  • Unfurnished rent in the city showed slight recovery.

Rental averages in Montreal have been experiencing the smallest of changes, with rent this summer in the city simmering around the same levels we saw earlier this spring. For August, using both data from our own platform and manual collection processes covering all major rental listings, liv.rent created the most accurate reflection of the true cost of rent in Montreal. Read our full report now and download the full version below to learn more.

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Jump to the following Rent Report sections:


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. Rent has almost flatlined in the last six months with August rental rates nearing what they were like in April and May.

After a gentle increase, a pattern of average rent simmering around $1,200 has emerged.

Montreal rental trends for unfurnished one-bedrooms.



Month-to-month rent change

From July to August 2021, rent didn’t move that much except for in the historically most affordable neighbourhood of Ahuntsic-Cartierville. Unfurnished rent dipped (-7.38%) and furnished rent went up (9.09%.)

There were other neighbourhoods like Verdun (+6.25%) where furnished rent went up slightly but overall rent has remained fairly consistent in the last month.

Rent changes in Montreal from July 2021 to August 2021.




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Montreal unfurnished vs. furnished rent averages

The difference between furnished and unfurnished one-bedroom averages has grown slightly to $236 after a slight climb in furnished rental rates.

For landlords and property managers, renting out a furnished suite could yield higher returns. For renters, you can still save on rent if you bring your own furniture.

Furnished vs. Unfurnished rental averages in Montreal.


Neighbourhood breakdown

The most and least expensive neighbourhoods in Montreal are Downtown and Ahuntsic-Cartierville.

The price difference between Montreal’s most expensive and most affordable neighbourhoods is $508 for an unfurnished one-bedroom.

Let’s look more at the different listing types to see the differences in one, two, and three-bedroom rent rates across each area.

  • It’s about $500 more to go from an unfurnished one-bedroom to a two-bedroom across the city.
  • Three-bedrooms are commanding prices above $2000 in many neighbourhoods.
  • The price difference between furnished and unfurnished two and three-bedrooms downtown is very close.
Average rental rates by listing type for Unfurnished rentals in Montreal.
Average rental rates by listing type for furnished units in Montreal.



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

July 2021 Vancouver Rent Report
July 2021 Toronto Rent Report
July 2021 Montreal Rent Report

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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