december 2021 montreal rent report via liv rent

December 2021 Montreal Rent Report

  • The city-wide average rent for unfurnished one-bedroom units has fallen back to $1,236
  • In Downtown, the average price for unfurnished one-bedroom units declined a significant -11.57%
  • The difference in price between Montreal’s most and least expensive neighbourhoods is now $333.

Following November’s new yearly highs, rent across Montreal has once again returned to levels near its October averages. There were a number of interesting declines, and we’re keeping a close eye on prices heading 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 end (for now) of Montreal’s rental prices climbing, with prices falling back to their October levels.

This may signal that last month’s sudden, steep rise was an anomaly, as the majority of 2021 has been relatively stable for Montreal’s rent.

rental price trends for the december 2021 liv rent report for montreal



Month-to-month rent change

Rent prices in December for Montreal are characterized by stability in some areas, and significant shifts in others. Rent in Downtown has declined significantly (-7.41% for furnished units, -11.57% for unfurnished), with similar drops seen elsewhere as well.

In Montreal’s other neighbourhoods, prices have fallen in accord with the city’s overall decline in rental averages. Most notably, Westmount decreased -14.28% for unfurnished units, and Hochelaga-Maisonneuve fell -9.80%.

percentage change by neighbourhood for the december 2021 liv rent report




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Montreal unfurnished vs. furnished rent averages

Declines in rent were nearly the same for unfurnished and furnished units, and the gap in price remains nearly the same at $206.

Though the price difference may have narrowed slightly in recent months, 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 furnished vs unfurnished units in montreal for the december 2021 liv rent report


Neighbourhood breakdown

highest and lowest rent for montreal neighbourhoods via the december 2021 liv rent report

The price difference between Montreal’s most expensive and most affordable neighbourhoods is $333 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.

  • The average price of an unfurnished one-bedroom unit in Côte-des-Neiges is now just $1,100.
  • Three-bedroom unfurnished units in Downtown are just $248 more than two-bedroom units.
  • Furnished one-bedroom units in Saint Henri are more expensive on average than their Downtown counterparts.
average rent by listing type for unfurnished units in montreal, part of the december 2021 liv rent report
average rent by listing type for furnished units in montreal, part of the december 2021 liv rent report



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

November 2021 Vancouver Rent Report
November 2021 Toronto Rent Report
November 2021 Montreal Rent Report

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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