March 2026 Montreal Rent Report

At a glance

• Westmount and Le Plateau-Mount-Royal recorded the largest declines in one-bedroom rents
  • Westmount saw the biggest drop in one-bedroom rents in Montreal, falling from $2,044/month in March 2025/month to $1,615/month in March 2026 (-21%). Le Plateau-Mount-Royal also had a large decrease, with rents dropping from $1,923/month to $1,611/month (-16.2%), the second-largest decline among major neighbourhoods.
    
• Downtown Montreal continues to command the highest one-bedroom rents despite declines
  • Even though rents fell in several neighbourhoods, Downtown Montreal remained the most expensive area for one-bedroom apartments. Average rent dropped from $1,959/month to $1,815/month (-7.4%), but it is still higher than areas like Le Plateau-Mount-Royal ($1,611/month) and Verdun ($1,614/month).
    
• Two-bedroom rents showed greater stability across Montreal neighbourhoods
  • Two-bedroom rents stayed relatively steady over the past year. On average, they fell about 7%, which is less than the decline for one-bedroom units (10.9%) and three-bedroom units (9.5%).
    

liv.rent’s 2026 Canada Rental Market Trends Report is launching soon, highlighting the key shifts shaping rental markets nationwide.

Average rent across Montreal

This month, the average rent price for an unfurnished one-bedroom unit has increased by $27, bringing Montreal’s city-wide average rent to $1,588/month, 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 $181 less than what it was in March 2025.

Month-to-month rent change

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

Looking first at unfurnished one-bedroom units, there were no notable increases in month-to-month rent prices. Meanwhile, decreases were seen in Ahuntsic-Cartierville (-4.73%), Villeray-Parc-Extension (-3.58%), Côte-des-Neiges/Notre-Dame-de-Grâce (-3.51%).

Looking at furnished one-bedroom units, average rent prices saw an increase in Westmount (6.63%), Ahunstic-Cartierville (5.23%), and Villeray-Parc-Extension (3.42%). Decreases were seen in Saint-Laurent (-7.24%) and Le Plateau-Mont-Royal (-3.76%).

Montreal unfurnished vs furnished rent averages

This March, average monthly rent prices for furnished one-bedroom units decreased while unfurnished one-bedroom units increased. Unfurnished one-bedroom units increased (-1.64%) to $1,588/month, while furnished one-bedroom units increased (0.26%), renting for an average of $1,651/month.

Looking for our full March 2026 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 March. This month, Hochelaga-Maisonneuve is cheapest neighbourhood to rent in at an average of $1,409/month for an unfurnished one-bedroom unit. Meanwhile, downtown is the most expensive neighbourhood for an unfurnished one-bedroom, at an average of $1,815/month – $406 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.

• All unfurnished one-bedroom rent prices decreased in across neighbourhoods except Ahunstic-Cartierville and Hochelaga-Maisonneuve.
• All unfurnished units in Saint-Laurent decreased while all furnished units in the same neighbourhood increased.
• All unfurnished units in the Ahunstic-Cartierville and Hochelaga-Maisonneuve increased in price.

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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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