Blog 5 Rent Reports 5 Montreal 5 August 2021 Montreal Rent Report

August 2021 Montreal Rent Report

4 min read
Sarah Anderson

Sarah Anderson

Creative Content Writer at

Published on July 30, 2021
  • Rent is hovering around the $1,200 mark for an unfurnished one-bedroom.
  • Montreal’s most expensive and most affordable neighbourhoods have a $508 price difference for an unfurnished one-bedroom.
  • Unfurnished rent in the city showed slight recovery.

Rental averages in Montreal have been experiencing the smallest of changes, with rent this summer in the city simmering around the same levels we saw earlier this spring. For August, using both data from our own platform and manual collection processes covering all major rental listings, created the most accurate reflection of the true cost of rent in Montreal. Read our full report now and download the full version below to learn more.

You can get the latest updates on the Montreal rental market straight to your inbox when you subscribe to keep on top of the trends.

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. Rent has almost flatlined in the last six months with August rental rates nearing what they were like in April and May.

After a gentle increase, a pattern of average rent simmering around $1,200 has emerged.

Montreal rental trends for unfurnished one-bedrooms.

Month-to-month rent change

From July to August 2021, rent didn’t move that much except for in the historically most affordable neighbourhood of Ahuntsic-Cartierville. Unfurnished rent dipped (-7.38%) and furnished rent went up (9.09%.)

There were other neighbourhoods like Verdun (+6.25%) where furnished rent went up slightly but overall rent has remained fairly consistent in the last month.

Rent changes in Montreal from July 2021 to August 2021. – Canada’s trusted house & apartment rental website

Search apartments, condos, and homes for rent.

  • Verified Landlords: Rent from a trusted landlord. Look for the “ID Verified” tag to identify which landlords have been pre-screened.
  • Quality Rentals: Browse listings that have been checked by our team. Verified by official documents or by mail.
  • One-Click Applications: Fill out your Renter Resume once and apply to multiple listings in just a few clicks.
  • Montreal unfurnished vs. furnished rent averages

    The difference between furnished and unfurnished one-bedroom averages has grown slightly to $236 after a slight climb in furnished rental rates.

    For landlords and property managers, renting out a furnished suite could yield higher returns. For renters, you can still save on rent if you bring your own furniture.

    Furnished vs. Unfurnished rental averages in Montreal.

    Neighbourhood breakdown

    The most and least expensive neighbourhoods in Montreal are Downtown and Ahuntsic-Cartierville.

    The price difference between Montreal’s most expensive and most affordable neighbourhoods is $508 for an unfurnished one-bedroom.

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

    • It’s about $500 more to go from an unfurnished one-bedroom to a two-bedroom across the city.
    • Three-bedrooms are commanding prices above $2000 in many neighbourhoods.
    • The price difference between furnished and unfurnished two and three-bedrooms downtown is very close.
    Average rental rates by listing type for Unfurnished rentals in Montreal.
    Average rental rates by listing type for furnished units in Montreal.

    Be sure to subscribe to our mailing list so you never miss an update on the Montreal rental market.

    Downloadable Resources

    Strike up a conversation at your next Zoom call and show off the latest rental averages with our custom virtual backgrounds. 

    Free Virtual Backgrounds: Download Here

    Looking for the full report? Download it for free here.

    Find apartments & houses for rent with the app

    Rethink The Way You Rent

    Not on yet? Experience the ease of digital applications & contracts, verified tenants & landlords, virtual tours and more – all on one platform. Sign up for free or download the app.

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

    July 2021 Vancouver Rent Report
    July 2021 Toronto Rent Report
    July 2021 Montreal Rent Report


    Get rental reports, news, and tips straight to your inbox.



    1 Comment

    1. Avatar

      Nice information shared about the renting service thanks for it.


    Submit a Comment

    Your email address will not be published. Required fields are marked *

    All the rental tools you need, in one place

    Create your free account today to enjoy an easier, safer way to rent with verified listings, digital contracts & rent payments, and much more.