As fall takes hold and Montreal takes additional measures to curb the spread of COVID-19, we take a closer look at the reported average rent prices for the month of October across the Montreal region. Based on data gathered from numerous listing websites and our own liv.rent platform, our rent reports seek to identify and share key market data and trends, to help inform and educate landlords and tenants alike.
Jump to the following Rent Report sections:
Montreal Rent Trends
The numbers collected this month come as Quebec renews measures to prevent a second wave of COVID-19. Looking at a 6 month period beginning in May, Montreal is experiencing a persistent decline in rental rates.
Month-to-Month Rent Change
Below we show the percentage change in average rent from September to October’s figures. The October report shows much more stability the largest decreases for unfurnished rentals occurring in Verdun – a 9.8% drop in rates. Meanwhile, furnished rentals in Saint Laurent neighbourhood saw a recovery this month as rates went up by 8.69% from last mont’s -1.53% drop.
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Montreal Unfurnished vs. Furnished Rent Averages
The average rent in Montreal for an unfurnished one-bedroom apartment in October is down to $1,273 from September’s $1,284. The average cost of a furnished also dipped slightly to $1,493 from September’s $1,495.
Neighbourhood Breakdown
The Montreal neighbourhood of Ahuntsic-Cartierville had the lowest average rent in the region with a 1 bedroom, unfurnished unit costing $1,025 while rents Downtown were highest at $1,525.
To assist you in your rental decision, here is a breakdown of rental averages across other Greater Montreal neighbourhoods. Comparing 1, 2, and 3 bedroom rates for both unfurnished and furnished listings across each neighbourhood.
Gain comprehensive insights about your listings with the new liv.rent Landlord listing Dashboard. Sign in to unlock live insights – find out the average rent for a comparable property, number of views your listing received and more!
Downloadable Resources
Save the complete October 2020 Rent Report package for easy sharing and reference.
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Complete October 2020 Montreal Rent Report: Download Here
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For more rental insights, discover our previous Rent Reports:
September 2020 Vancouver Rent Report
September 2020 Toronto Rent Report
September 2020 Montreal Rent Report
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November 2021 Vancouver Rent Report
November 2021 Toronto Rent Report
November 2021 Montreal Rent Report
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COVID-19 Resources
For information regarding Coronavirus (COVID-19) and landlords and tenants, refer to our comprehensive resource posts. They include information on the various federal and provincial assistance initiatives available to help support landlords (small business relief) and tenants (rent relief):
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