liv.rent's September 2022 rent report for Montreal - statistics, trends, data & more

September 2022 Montreal Rent Report

  • Montreal’s city-wide average rent has dropped $20 this September to $1,497 per month for an unfurnished, one-bedroom unit.
  • Furnished, one-bedroom units in The Plateau-Mont-Royal increased in price by an average of 15.20% this September.
  • Hochelaga-Maisonneuve is now Montreal’s cheapest neighbourhood to rent an unfurnished, one-bedroom unit.

For the second straight month, Montreal’s average rent prices have declined slightly – breaking from trends we’ve seen in Metro Vancouver and Toronto. This September saw just a slight decrease from the past month, but this is still notable as rent prices continue to climb across the rest of the country.

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This monthly rent report complete with liv.rent data and information collected from top listing sites shows the most accurate reflection of the true cost of rent in Montreal. Download and read the full report below to learn more.

Jump to the following Rent Report sections:


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For the complete Montreal rent report, download here.


Average rent across Montreal

First, we’ll take a look at rental trends over the past six months for an unfurnished one-bedroom apartment in Montreal. This September, prices have dropped by a further $20 following a similar drop in August. Prior to this, Montreal’s average rent prices had been steadily climbing throughout the year, making these consecutive decreases even more noteworthy.

rental averages and trends for Montreal via the September 2022 liv rent report

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Month-to-month rent change

Across Montreal’s individual neighbourhoods, a number of communities saw significant shifts in average rent price this September.

For unfurnished units, the most notable changes were in Saint Henri, which saw a massive -13.69% decline, and Ahuntsic-Cartierville, which saw a +6.72% increase this month. Other noteworthy changes occurred in Hochelaga-Maisonneuve (+4.24%), Côte-des-Neiges (-3.28%), and The Plateau-Mont-Royal (+1.94%).

Looking at furnished units, three neighbourhoods saw particularly drastic changes in their average rent prices. Ahuntsic-Cartierville (+18.89%), The Plateau-Mont-Royal (+15.20%), and Notre-Dame-de-Grâce (+14.31%) all saw notable increases this month, while Verdun (-6.95%), Villeray-Parc-Extension (-5.34%), and Hochelaga-Maisonneuve (-3.81%) had the most significant declines.

percentage change by Montreal neighbourhood and unit type via the September 2022 liv rent report


Montreal unfurnished vs. furnished rent averages

This September, the gap in price between furnished and unfurnished units in Montreal has widened to levels more typical of what we’d expect to see. As of this month, furnished units now rent for an average of $142 more than unfurnished ones. This shows that landlords can still earn a higher profit by renting out a furnished unit, and can also attract different renter demographics such as students and those looking for short-term rentals. For renters, you will still typically see savings if you are able to bring your own furniture.

average rent for furnished vs unfurnished units in Montreal via the September 2022 liv rent report


Neighbourhood breakdown

most and least expensive neighbourhood in Montreal for the September 2022 liv rent report

Montreal’s most and least expensive neighbourhoods had a wide gap in average rent prices for September 2022. This month, Hochelaga-Maisonneuve is Montreal’s cheapest neighbourhood to rent in at an average of $1,328 per month for an unfurnished, one-bedroom unit, while Downtown remains its most expensive at $1,778 — a $450 difference.

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.

  • Furnished, one-bedroom units were cheapest in Saint-Laurent this month, at an average of $1,336.
  • Westmount has the most expensive three-bedroom, unfurnished units at an average of $3,448 per month.
  • The average rent for two-bedroom, unfurnished units was identical in Hochelaga-Maisonneuve and Ahuntsic-Cartierville at $1,630 per month.
average rent by listing type for unfurnished units in Montreal for the September 2022 liv rent report
average rent by listing type for furnished units in Montreal, part of the September 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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Download The Latest Montreal Rent Report

For the complete Montreal rent report, download here.


Data collection methodology

Our monthly rent reports use data from our own liv.rent listings, as well as data our team manually collects from other popular listing sites. For our Vancouver and Toronto Rent Reports, we look at Craigslist, Kijiji, Zumper, PadMapper, and Realtor.ca – as well as our own listings. For Montreal, we use PadMapper, Centris, and DuProprio, looking at available basement suites, apartments, condos, townhouses, semi-detached houses, and single-detached houses for each area.

When collecting this data, we do exclude luxury properties listed at over $5,000, as well as rooms for rent and shared accommodation. Investing in manual data collection means that we only consider the current month’s listing, since we can filter out duplicate listings and older ads that haven’t been removed.

Another key difference between our data collection methods and some government agencies like the CMHC is that we only include current asking rent prices. Many official reports will include data for entire buildings in their reports, which tends to skew numbers lower since many units are already occupied, and may be rent-controlled or rented for significantly lower than the current rates.

As we are a Canadian rental platform founded and based in Vancouver, we want to ensure that we’re providing a completely accurate depiction of the rental market in the cities we look at.



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

August 2022 Montreal Rent Report
August 2022 Toronto Rent Report
August 2022 Metro 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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