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July 2022 Montreal Rent Report

5 min read
Greg Park

Greg Park

Creative Content Writer at

Published on June 29, 2022

Last updated on October 27th, 2022

  • Montreal’s city-wide average rent has risen $75 to $1,539 per month for an unfurnished, one-bedroom unit
  • It now costs an average of $166 more per month to rent a furnished unit over an unfurnished one.
  • Average rent for unfurnished, one-bedroom units in Downtown rose +5.31% this July.

Montreal’s average rent prices have risen sharply this July, up $75 from last month. This is in contrast to recent trends in Vancouver and Toronto, where rental averages have held relatively stable from month to month. Montreal’s rent has been steadily climbing since the start of the year with little interruption, and this latest development could signal higher averages for the remainder of the busy renting season.

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.

This monthly rent report complete with 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:

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. This July, prices have risen by $75 for yet another yearly high of $1,539. We’d previously predicted more increases on the way for Montreal’s rent prices, but this steep rise marks the most significant increase this year for the city.

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

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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.

Month-to-month rent change

Rent prices in Montreal’s individual neighbourhoods climbed this month, with few exceptions. In terms of unfurnished units, Hochelaga-Maissoneuve (+15.83%), Notre-Dame-de-Grâce (+11.26%), Villeray-Parc-Extension (+8.86%), Downtown (+5.31%), and The Plateau-Mont-Royal (+4.41%) all saw significant increases, while the remaining neighbourhoods saw small gains as well.

Furnished units added even more in monthly average rent this July. The number that catches the eye immediately is Saint-Laurent’s jaw-dropping 43.00% increase, but Notre-Dame-de-Grâce (+14.91%), Verdun (+13.52%), Ahuntsic-Cartierville (+10.17%), The Plateau-Mont-Royal (+9.52%), and Villeray-Parc-Extension (+8.98%) all increased in average price, while Westmount (-5.54%), Saint Henri (-1.70%), and Hochelaga-Maissoneuve (-0.95%) were the only areas that experienced decreases from last month.

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

Montreal unfurnished vs. furnished rent averages

With the many major increases in price this month, furnished units are now significantly more expensive than unfurnished units, by an average of $166 this month. This shows that landlords can still earn a higher profit by renting out a furnished unit, on average. For renters, you can still save quite a bit on rent if you are able to bring your own furniture.

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

Neighbourhood breakdown

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

The gap in price between Montreal’s most and least expensive neighbourhoods has narrowed slightly this month. As of July, it now costs $416 more to rent in Downtown than in Côte-des-Neiges, which has replaced Hochelaga-Maissoneuve as Montreal’s cheapest neighbourhood.

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.

  • In terms of unfurnished units, Downtown Montreal had the most expensive rent prices for one-, two-, and three-bedroom units.
  • Three-bedroom, unfurnished units in Ahuntsic-Cartierville rent for an average of just $1,864 per month.
  • One-bedroom, furnished rentals are cheaper in Côte-des-Neiges than anywhere else in Montreal.
average rent by listing type for unfurnished units in Montreal for the July 2022 liv rent report
average rent by listing type for furnished units in Montreal, part of the July 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.

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

Downloadable Resources

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Data collection methodology

Our monthly rent reports use data from our own 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 – 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:

June 2022 Montreal Rent Report
June 2022 Toronto Rent Report
June 2022 Vancouver Rent Report


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