At a glance
- Montreal’s rental gap: $546 separates the priciest & cheapest areas
- Ahuntsic-Cartierville is Montreal’s most affordable neighborhood this month, with one-bedroom unfurnished units averaging $1,498/month. On the other end, Westmount remains the most expensive at $2,044/month—$546 more than in Ahuntsic-Cartierville.
- Unfurnished units driving rental increase in Montreal this month
- Montreal unfurnished units saw a (+1.30%) increase to $1,769/month, while furnished units increased by (+0.42%) to $1,722/month. Unfurnished rentals saw price hikes in Downtown, Hochelaga-Maisonneuve, and Notre-Dame-de-Grâce/Côte-des-Neiges, while furnished units climbed in The Plateau-Mont-Royal. The only areas bucking the trend for one-bed unfurnished units were Ahuntsic-Cartierville and Saint-Laurent.
- Montreal’s rental market stays strong with steady price growth.
- The average rent for an unfurnished one-bedroom unit rose by just $23 this month, bringing the city-wide average to $1,769. Compared to last year, that’s a $151 increase. Despite the upward trend, Montreal remains more affordable than other major Canadian cities like Metro Vancouver and Toronto.
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Montreal’s city-wide average rent price saw a slight increase this March. This month, the average rent price for an unfurnished, one-bedroom unit has increased by just $23, bringing Montreal’s city-wide average rent to $1,769 – 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 increased by just $23. Looking at a year-over-year comparison, Montreal’s city-wide rental rate for an unfurnished one-bedroom unit is higher than in March 2024, with prices now $151 more than this time last year.
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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, Westmount (+11.65%) had the largest month-to-month increase, while Ahuntsic-Cartierville (-9.65%) saw the most notable decline.
Looking at furnished one-bedroom units, average rent prices increased the most in Villeray-Parc-Extension (+10.85%), while Hochelaga-Maisonneuve (-1.13%) and Downtown (-1.13%) are tied for the biggest decrease.
Montreal unfurnished vs furnished rent averages
This March, average monthly rent prices for furnished and unfurnished units increased. Furnished units increased by (+0.42%), renting for an average of $1,722/month. Unfurnished units rose by (+1.30%), renting for an average of $1,769/month.
Looking for our full March 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 March. This month, Ahuntsic-Cartierville is Montreal’s cheapest neighbourhood to rent in at an average of $1,498 per month for an unfurnished, one-bedroom unit. Meanwhile, Westmount is the most expensive neighbourhood, at an average of $2,044 per month – $546 more than in Ahuntsic-Cartierville.
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 Downtown this month
- Prices increased for all types of unfurnished units in Downtown, Hochelaga-Maisonneuve and Notre-Dame-de-Grâce/Côte-des-Neiges and all types of furnished units in the The Plateau-Mont-Royal this March
- Prices increased for one-bedroom unfurnished units in all areas except Ahuntsic-Cartierville and Saint-Laurent this month.
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.
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Downloadable Resources
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
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