September 2025 Montreal Rent Report

At a glance

• Double-digit rent decline hits Hochelaga-Maisonneuve
  • Hochelaga-Maisonneuve recorded the steepest YoY drop in one-bedroom unfurnished rents, falling -14.1% from $1,634 in September 2024 to $1,403 in September 2025. For six consecutive months, it has also remained the cheapest neighbourhood to rent in across Montreal.
    
• Notre-Dame-de-Grâce/Côte-des-Neiges emerges as Montreal’s outlier with rent increases across all unit types
  • Notre-Dame-de-Grâce/Côte-des-Neiges was the only Montreal neighbourhood to post YoY increases across all unfurnished unit types. Rents rose +8.0% for 1-bedrooms, +9.5% for 2-bedrooms, and +5.4% for 3-bedrooms, bucking the citywide trend of declines.
    
• Three-bedroom rents post steepest drop across Montreal
  • Unfurnished three-bedroom units posted the steepest month-to-month drop in September, averaging -3.6%, compared to -1.6% for one-bedrooms and -0.5% for two-bedrooms. The sharpest pullback came from Verdun, where three-bedroom rents fell -11.5%.
    

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Average rent across Montreal

This month, the average rent price for an unfurnished one-bedroom unit has decreased by $29, bringing Montreal’s city-wide average rent to $1,665, still well below rates in other major Canadian rental markets like Metro Vancouver and Toronto. Looking at a year-over-year comparison, Montreal’s city-wide rental rate for an unfurnished one-bedroom unit is $47 less than what it was in September 2024.

Month-to-month rent change

Looking at both furnished & unfurnished units, there were some notable changes in rental rates across Montreal’s different neighbourhoods this month.

Looking first at unfurnished one-bedroom units, there were no notable increases in month-to-month rent prices, while Saint Henri (-7.69%) saw the most notable decline.

Looking at furnished one-bedroom units, average rent prices saw the highest increase in Hochelaga-Maisonneuve (+7.73%), with Verdun (-5.51%) seeing the largest decrease in prices.

Montreal unfurnished vs furnished rent averages

This September, average monthly rent prices for one-bedroom unfurnished and furnished units both decreased. One-bedroom unfurnished units decreased by (-1.71%) to $1,665/month, while one-bedroom furnished units decreased by (-1.61%), renting for an average of $1,680/month.

Looking for our full September 2025 Montreal Rent Report? Download your copy here to get all the latest insights, including a detailed breakdown by neighbourhood.

Neighbourhood breakdown

Montreal’s most and least expensive neighbourhoods had significantly different average rent prices this September. This month, Hochelaga-Maisonneuve is Montreal’s cheapest neighbourhood to rent in at an average of $1,403/month for an unfurnished one-bedroom unit. Meanwhile, Downtown is the most expensive neighbourhood, at an average of $1,868/month – $465 more than in Hochelaga-Maisonneuve.

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

• Hochelaga-Maisonneuve and Ahuntsic-Cartierville had the lowest average rents for unfurnished one-bedroom units, both sitting in the $1,400 range
• Hochelaga-Maisonneuve, Villeray-Parc-Extension, Saint-Laurent and The Plateau-Mont Royal had the lowest average rental prices for unfurnished one-bedroom units
• Unfurnished three-bedroom rental prices decreased in all neighbourhoods except Saint-Laurent and Saint Henri

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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 – 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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Ontario Rent Report
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