montreal rent report from liv rent october 2021

October 2021 Montreal Rent Report

  • The overall rental average has risen slightly to a yearly high of $1,233.
  • The average price difference between furnished and unfurnished units has grown to $264.
  • Westmount now holds the highest average price for both furnished and unfurnished three-bedrooms, at $2,952 and $2,523, respectively.

Moving into October, rent prices in Montreal have seemingly broken out of the yo-yo pattern established over the last six months, and appear to be moving towards a slight uptrend.

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This monthly rent report complete with data and data scraped manually from top listing sites shows the most accurate reflection of the true cost of rent. Read the full report now to learn more:

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. This month, we’re seeing a continuation of last month’s slight upward trend — it’ll be interesting to see if this continues through the rest of the year.

Up until this month, we’ve seen average prices jump between $1,193 and $1,218 pretty consistently, and October could well be the start of a break from this pattern.

rental trends from may to october montreal liv rent

Month-to-month rent change

After some significant rises and declines in September, prices seem to have mostly stabilized this month. Rent for both furnished and unfurnished units in Downtown have declined slightly (-3.27% and -1.13%, respectively).

There weren’t any huge changes in any other neighbourhood over the past month, but furnished one-bedrooms in Verdun claimed the most significant jump with an 8.51% increase.

percentage changes in rent across montreal neighbourhoods october 2021 liv rent – Canada’s trusted house & apartment rental website

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Montreal unfurnished vs. furnished rent averages

The difference between furnished and unfurnished one-bedroom averages has once again risen to a $264 difference.

What this means is that, for landlords and property managers, renting out a furnished suite could yield higher returns long-term, although these wider margins aren’t necessarily exemplary of the norm. For renters, you can still save significantly on rent if you are able to bring your own furniture.

average rent furnished and unfurnished suites montreal october 2021 liv rent

Neighbourhood breakdown

The price difference between Montreal’s most expensive and most affordable neighbourhoods is $453 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.

  • All Montreal neighbourhoods average more than $1,000 per month in rent for a one-bedroom.
  • Westmount has the most expensive furnished three-bedroom units.
  • For unfurnished units, Ahuntsic-Cartierville is the most affordable place to upsize from a one to a two-bedroom.

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

September 2021 Vancouver Rent Report
September 2021 Toronto Rent Report
September 2021 Montreal Rent Report

Greg Park, B.A.

Creative Content Writer at

Greg Park is a Creative Content Writer here at who shares insights and news with our community of landlords and tenants. [Read Full Bio]

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