february 2022 liv rent report for montreal, quebec

February 2022 Montreal Rent Report

  • The average rental price for unfurnished one-bedroom units across Montreal has risen once again to $1,414 for February 2022.
  • The Plateau-Mont-Royal has become the most expensive neighbourhood for one-bedroom, unfurnished units with an average rental cost of $1,635 per month.
  • The average rent for an unfurnished, one-bedroom unit in Saint-Laurent rose +29.78% from last month.

For February 2022, Montreal’s rental averages have once again made massive moves upwards, with a $114 increase from last month. For both furnished and unfurnished units, the majority of Montreal neighbourhoods saw massive upward trends, like Notre-Dame-De-Grâce and Villeray-Parc-Extension.

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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. Download and read the full report below 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. Continuing the steep upward trend that began in January, Montreal’s average rent has climbed to $1,414 for February 2022. This may be the beginning of a continued climb for the city’s rental averages, so both renters and landlords will need to keep an eye on these rates throughout the next few months.

rental averages and trends for montreal via the february 2022 liv rent report

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Month-to-month rent change

February sees major price increases for the vast majority of Montreal neighbourhoods. Côte-des-Neiges was perhaps the most significant (+45.72% for furnished units, +8.52% for unfurnished ones), but Notre-Dame-de-Grâce saw equally notable numbers (+23.41% for furnished, +22.88 for unfurnished).

Downtown was one of the few neighbourhoods that saw comparatively little change, with furnished units increasing +0.83% and unfurnished units falling -4.78%.

percentage change by montreal neighbourhood and unit type via the february 2022 liv rent report


Montreal unfurnished vs. furnished rent averages

With fairly evenly matched increases in the price of furnished units vs. unfurnished ones, the difference in price remains relatively the same – with furnished units now, on average, $94 more expensive than unfurnished units.

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 via the february 2022 liv rent report


Neighbourhood breakdown

most and least expensive neighbourhood in montreal for the february 2022 liv rent report

The price difference between Montreal’s most expensive and most affordable neighbourhoods hasn’t changed much, at a $433 difference for an unfurnished one-bedroom unit. The Plateau-Mont-Royal has become the most expensive Montreal neighbourhood for February 2022, while Côte-des-Neiges reclaims its spot as the most affordable, at $1,202.

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

  • Villeray-Parc-Extension has the most affordable unfurnished, three-bedroom units at $1,907
  • Downtown has become the second-most expensive Montreal neighbourhood, with one-bedroom, unfurnished units now averaging $1,530 per month.
  • Furnished, one-bedroom units in Saint-Laurent are now renting for an average of just $1,156 this month.
average rent by listing type for unfurnished units in montreal for the february 2022 liv rent report
average rent by listing type for furnished units in montreal, part of the february 2022 liv rent report

Is your rental priced competitively?

Find out with a free rent estimate. Our team of rental experts will calculate your unit’s true value based on your listing details & current market trends.



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

January 2022 Montreal Rent Report
January 2022 Toronto Rent Report
January 2022 Vancouver 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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