november rent report for montreal via liv rent

November 2021 Montreal Rent Report

  • The overall rental average has jumped once again to a new yearly high of $1,286.
  • 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.

November brings a new yearly high in terms of average rent, with a few significant increases and drops throughout the Montreal area. After months of trending up and down, Montreal appears primed for higher rental prices over the next few months and into the new year.

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.

This monthly rent report complete with liv.rent 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 see the continuation of the upward trend that began in September, bringing Montreal to a new yearly high average of $1,286.

We predicted last month that we were finally seeing a breakout from the yo-yo pattern that has characterized much of the year, and it looks like this was correct as the average rent is now up $93 from the lows of June and August.

rental trend for one bedroom unfurnished apartments for the november liv rent report for montreal



Month-to-month rent change

Rent prices in November for Montreal are characterized by stability in some areas, and significant shifts in others. Rent for both furnished and unfurnished units in Downtown has declined slightly (-3.27% and -1.13%, respectively).

Verdun remains on the rise – with a whopping 25.49% increase for furnished one-bedroom units, and a still-significant 6.31% increase for unfurnished units. Other notable changes include a -14.86% drop in furnished rental prices in Westmount, and a 16.57% gain for unfurnished rentals in Ahuntsic-Cartierville.

percentage change in rental price for one bedroom furnished and unfurnished units for the november liv rent report for montreal




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Montreal unfurnished vs. furnished rent averages

As one-bedroom unfurnished units continue to rise in price throughout Montreal, the price difference between unfurnished and furnished units has fallen to $203.

Though the gap may have narrowed slightly, landlords can still earn a higher profit by renting out a furnished unit, on average. For renters, you can still save significantly on rent if you are able to bring your own furniture.

average rent for one bedroom furnished and unfurnished units for the november liv rent report for montreal


Neighbourhood breakdown

highest and lowest rental prices by neighbourhood for the november liv rent report for montreal

The price difference between Montreal’s most expensive and most affordable neighbourhoods is $433 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 now average more than $1,100 per month in rent for a one-bedroom unit.
  • Three-bedroom furnished units in Notre-Dame-de-Grâce are now cheaper than two-bedrooms.
  • Plateau Mount-Royal edges out Downtown Montreal for the highest price for a furnished two-bedroom unit
average rent for unfurnished units broken down by neighbourhood for the november liv rent report for montreal
average rent for furnished units for the november liv rent report for montreal



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Greg Park, B.A.

Creative Content Writer at liv.rent

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

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