May 2025 Montreal Rent Report

At a glance

• Montreal rents dip slightly for both furnished and unfurnished units
  • Montreal’s rental market saw a slight cooldown this May, with average prices falling for both furnished and unfurnished one-bedroom units. Furnished one-bedroom units now rent for an average of $1,702/month, a (-0.20%) decrease, while unfurnished units dropped by (-0.92%) to $1,710/month.
• $533 rent gap separates Montreal’s most and least expensive neighbourhoods
  • This May, the disparity in rental prices across Montreal neighbourhoods reached $533/month for one-bedroom unfurnished units. Hochelaga-Maisonneuve remains the most affordable area, averaging $1,474/month, while Verdun is the most expensive at $2,007/month.
• Mixed rental shifts in Montreal: hikes in some areas, drops in others
  • Rental prices in Montreal showed significant variation across neighbourhoods this May. Prices increased for all types of unfurnished units in Saint-Laurent and all types of furnished units in Notre-Dame-de-Grâce/Côte-des-Neiges, The Plateau-Mont-Royal and Hochelaga-Maisonneuve this month. Meanwhile, prices decreased for all types of furnished units in Saint-Laurent and all types of unfurnished units in Verdun, Ahuntsic-Cartierville, Notre-Dame-de-Grâce/Côte-des-Neiges and Downtown this month.

liv.rent’s 2025 Canada Rental Market Trend Report is now live! Explore the latest rental trends across Canada, uncover key factors driving price changes, and gain exclusive insights into how landlords and renters perceive the market nationwide. Download your copy here.

Montreal’s city-wide average rent price saw a decrease this May. This month, the average rent price for an unfurnished, one-bedroom unit has decreased by $16, bringing Montreal’s city-wide average rent to $1,710 – 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 $16. Looking at a year-over-year comparison, Montreal’s city-wide rental rate for an unfurnished one-bedroom unit is higher than in May 2024, with prices now $70 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, Saint-Laurent (+1.68%) had the largest month-to-month increase, while Saint Henri (-5.30%) saw the most notable decline.

Looking at furnished one-bedroom units, average rent prices increased the most in Ahuntsic-Cartierville (+4.74%), with Saint Laurent (-7.92%) seeing the largest decrease in prices for one-bedroom furnished units this month.

Montreal unfurnished vs furnished rent averages

This May, average monthly rent prices for furnished and unfurnished units decreased. Furnished units decreased by (-0.20%), renting for an average of $1,702/month. Unfurnished units dropped by (-0.92%), renting for an average of $1,710/month.

Looking for our full May 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 May. This month, Hochelaga-Maisonneuve is Montreal’s cheapest neighbourhood to rent in at an average of $1,474 per month for an unfurnished, one-bedroom unit. Meanwhile, Verdun is the most expensive neighbourhood, at an average of $2,007 per month – $533 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 Saint-Laurent and all types of unfurnished units in Verdun, Ahuntsic-Cartierville, Notre-Dame-de-Grâce/Côte-des-Neiges and Downtown this month.
• Prices increased for all types of unfurnished units in Saint-Laurent this May and all types of furnished units in Notre-Dame-de-Grâce/Côte-des-Neiges, The Plateau-Mont-Royal and Hochelaga-Maisonneuve this month.
• Downtown Montreal had the highest average rental prices for all types of furnished units.

---

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

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.

---

Rethink The Way You Rent

Not on liv.rent 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.

Learn More

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

April 2025 Metro Vancouver Rent Report
April 2025 Toronto Rent Report
April 2025 Calgary & Edmonton Rent Report
April 2025 Montreal Rent Report