April 2025 Montreal Rent Report

At a glance

• Furnished units drop across Montreal; steepest in Ahuntsic-Cartierville
  • With the exception of Plateau Mount Royal, all neighbourhoods in Montreal saw a drop in rent prices for furnished one-bedroom units. Steepest decline was seen in Ahuntsic-Cartierville (-10.55%).
• A $600/month gap separates Montreal’s cheapest and priciest areas
  • With an average of $1,460/month, Hochelaga-Maisonneuve is the cheapest place to rent in Montreal. On the opposite end, Verdun tops the list at $2,060/month, making it the most expensive neighbourhood by a $600/month margin.
• Both furnished and unfurnished rents fall in Montreal
  • Montreal saw a dip in rental prices for both furnished and unfurnished units this April. Furnished one-bedroom units dropped by (-0.91%) to $1,706/month, while unfurnished units fell by (-2.42%), now averaging $1,726/month, narrowing the gap between the two.

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Montreal’s city-wide average rent price saw a slight decrease this April. This month, the average rent price for an unfurnished, one-bedroom unit has decreased by $43, bringing Montreal’s city-wide average rent to $1,726 – still well below rates in other major Canadian rental markets like Metro Vancouver and Toronto.

Average rent across Montreal

Let’s start by taking a closer look at rental trends over the past six months, plus a year-over-year comparison for unfurnished one-bedroom units in Montreal. This month, the average monthly rent price for an unfurnished, one-bedroom unit has decreased by just $43. Looking at a year-over-year comparison, Montreal’s city-wide rental rate for an unfurnished one-bedroom unit is higher than in April 2024, with prices now $102 more than this time last year.

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, Notre-Dame-de-Grâce/Côte-des-Neige (+2.95%) had the largest month-to-month increase, while Hochelaga-Maisonneuve (-7.87%) saw the most notable decline.

Looking at furnished one-bedroom units, average rent prices decreased the most in Ahuntsic-Cartierville (-10.55%), with no areas seeing an increase in prices for one-bedroom furnished units this month.

Montreal unfurnished vs furnished rent averages

This April, average monthly rent prices for furnished and unfurnished units decreased. Furnished units decreased by (-0.91%), renting for an average of $1,706/month. Unfurnished units dropped by (-2.42%), renting for an average of $1,726/month.

Looking for our full April 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 vastly different average rent prices this April. This month, Hochelaga-Maisonneuve is Montreal’s cheapest neighbourhood to rent in at an average of $1,460 per month for an unfurnished, one-bedroom unit. Meanwhile, Verdun is the most expensive neighbourhood, at an average of $2,060 per month – $600 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.

• Prices decreased for all types of furnished units in Notre-Dame-de-Grâce/Côte-des-Neiges and all types of unfurnished units in Saint-Laurent, Westmount and Villeray-Parc-Extension this month.
• Prices increased for all types of unfurnished units in Ahuntsic-Cartierville this April.
• The Plateau-Mont-Royal was the only area to see prices rise for one-bedroom furnished units.

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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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June 2024 Metro Vancouver Rent Report
June 2024 Toronto Rent Report
June 2024 Calgary & Edmonton Rent Report
June 2024 Montreal Rent Report