{"id":42203,"date":"2023-05-05T13:39:59","date_gmt":"2023-05-05T20:39:59","guid":{"rendered":"https:\/\/liv.rent\/blog\/?p=42203"},"modified":"2026-01-05T12:36:02","modified_gmt":"2026-01-05T20:36:02","slug":"may-2023-montreal-rent-report","status":"publish","type":"post","link":"https:\/\/liv.rent\/blog\/rent-reports\/may-2023-montreal-rent-report\/","title":{"rendered":"May 2023 Montreal Rent Report"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">At a glance<\/h3>\n\n\n\n<ul>\n<li><em>Montreal&#8217;s city-wide average rent for an unfurnished, one-bedroom unit has increased by $66 this<\/em> <em>May, to $1,686<\/em>.<\/li>\n\n\n\n<li><em>Across the city, unfurnished, one-bedroom units now rent for $32 more than furnished units on average.<\/em><\/li>\n\n\n\n<li><em>An unfurnished, one-bedroom unit now rents for an average of $634 more in Downtown Montreal, the city&#8217;s most expensive neighbourhood, than in Ahuntsic-Cartierville<\/em> \u2013<em> the least expensive.<\/em><\/li>\n<\/ul>\n\n\n\n<p><strong><em>Looking for our full May 2023 Montreal Rent Report? Download your copy <a href=\"#downloadable-resources\">here<\/a> to get all the latest insights, including a detailed breakdown by neighbourhood.<\/em><\/strong><\/p>\n\n\n\n<p>As summer approaches, Montreal&#8217;s average rental rates have increased by a significant margin this month. This May, the average monthly rent for an unfurnished, one-bedroom unit has increased by $66 since our <a href=\"https:\/\/liv.rent\/blog\/rent-reports\/april-2023-montreal-rent-report\/\" target=\"_blank\" rel=\"noreferrer noopener\">April 2023 Rent Report<\/a> was released. This brings Montreal&#8217;s city-wide average rent to $1,686 for this unit type which, while much higher than we&#8217;re used to seeing, is still well below other major Canadian rental markets like <a aria-label=\" (opens in a new tab)\" href=\"https:\/\/liv.rent\/blog\/rent-reports\/vancouver\/\" target=\"_blank\" rel=\"noreferrer noopener\">Metro Vancouver<\/a> and <a aria-label=\" (opens in a new tab)\" href=\"https:\/\/liv.rent\/blog\/rent-reports\/toronto\/\" target=\"_blank\" rel=\"noreferrer noopener\">Toronto<\/a>. <\/p>\n\n\n\n<p><strong><em>We&#8217;ve recently published our 2022 Canada-wide Annual Rent Report with even more rental data and statistics, including overarching trends and predictions for the year ahead. You can download your copy <a href=\"https:\/\/landing.liv.rent\/annual-rent-report\/\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a>.<\/em><\/strong><\/p>\n\n\n\n<p>This monthly rent report complete with <a rel=\"noreferrer noopener\" aria-label=\"liv.rent (opens in a new tab)\" href=\"https:\/\/liv.rent\/\" target=\"_blank\">liv.rent<\/a> 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.<\/p>\n\n\n\n<br>\n<style>\n.background-downloadable-report-mtl-monthly-rent-report {\n  text-align: center;\n  color: #303030;\n  font-family: 'Inter', sans-serif;\n  font-size: 24px;\n}\n\n.cta-block-downloadable-report-mtl-monthly-rent-report p{\n  font-family: 'Inter', sans-serif;\n  color: #303030; \n  font-weight: 400;\n  text-align: center; \n  font-size: 16px;\n}\n\n.cta-block-downloadable-report-mtl-monthly-rent-report {\n  background-color: #F5F5F5;\n  border-radius: 16px;\n  padding: 30px;\n  text-align: center;\n  margin: 20px 0px;\n}\n.button-downloadable-report-mtl-monthly-rent-report{\n  margin-top: 20px;\n  padding: 12px 16px;\n  background: #1D415E;\n  border: 0px solid white;\n  box-shadow: 0px 6px 8px -2px rgba(29, 66, 94, 0.4), 0px 12px 16px rgba(32, 121, 193, 0.15);\n  border-radius: 6px;\n  cursor: pointer;\n  \n  font-family: 'Inter';\n  font-style: normal;\n  font-weight: 600;\n  font-size: 14px;\n  line-height: 16px;\n  text-align: center;\n  color: #FFFFFF;\n\n}\n  \n<\/style>\n\n\n<div class=\"background-downloadable-report-mtl-monthly-rent-report cta-block-downloadable-report-mtl-monthly-rent-report\">\n<h3><strong>Download The Latest Montreal Rent Report<\/strong><\/h3>\n\n<p>For the complete Montreal rent report, download here.<\/p>\n\n<a href=\"https:\/\/landing.liv.rent\/rentreports\/\" target=\"_blank\" rel=\"noopener noreferrer\"><button id=\"downloadable-report-mtl-monthly-rent-report\" class=\"button-downloadable-report-mtl-monthly-rent-report\">Download Report<\/button><\/a>\n<\/div>\n\n\n\n<br><h2 id=\"average\">Average rent across Montreal<\/h2>\n\n\n\n<p>Let&#8217;s start by taking a closer look at rental trends over the past six months, as well as a year-over-year comparison for an <a aria-label=\" (opens in a new tab)\" href=\"https:\/\/liv.rent\/rental-listings\/city\/montreal\/1-bedroom?furnished=false\" target=\"_blank\" rel=\"noreferrer noopener\">unfurnished, one-bedroom unit<\/a> in Montreal. This May, the average price for an unfurnished, one-bedroom unit has risen substantially, by $66 since April for a new monthly average of $1,686. Montreal&#8217;s average rent prices have been gradually increasing since the beginning of the year, and have begun to rise more rapidly as warmer temperatures hit the city. Compared to May 2022, Montreal&#8217;s city-wide rental rates for an unfurnished, one-bedroom unit are up $236 on average.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"717\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/05\/RentReport_Montreal_2023_May-EN_Blog-4-1024x717.jpg\" alt=\"rental averages and trends for Montreal via the May 2023 liv rent report\" class=\"wp-image-42206\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/05\/RentReport_Montreal_2023_May-EN_Blog-4-980x686.jpg 980w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/05\/RentReport_Montreal_2023_May-EN_Blog-4-480x336.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1024px, 100vw\" \/><\/figure>\n\n\n\n<br>\n<style>\n.background-landlord-cta-free-rent-estimate {\n  text-align: center;\n  color: #303030;\n  font-family: 'Inter', sans-serif;\n  font-size: 24px;\n}\n\n.cta-block-landlord-cta-free-rent-estimate p{\n  font-family: 'Inter', sans-serif;\n  color: #303030; \n  font-weight: 400;\n  text-align: center; \n  font-size: 16px;\n}\n\n.cta-block-landlord-cta-free-rent-estimate {\n  background-color: #F5F5F5;\n  border-radius: 16px;\n  padding: 30px;\n  text-align: center;\n  margin: 20px 0px;\n}\n.button-landlord-cta-free-rent-estimate{\n  margin-top: 20px;\n  padding: 12px 16px;\n  background: #1D415E;\n  border: 0px solid white;\n  box-shadow: 0px 6px 8px -2px rgba(29, 66, 94, 0.4), 0px 12px 16px rgba(32, 121, 193, 0.15);\n  border-radius: 6px;\n  cursor: pointer;\n  \n  font-family: 'Inter';\n  font-style: normal;\n  font-weight: 600;\n  font-size: 14px;\n  line-height: 16px;\n  text-align: center;\n  color: #FFFFFF;\n\n}\n<\/style>\n\n<div class=\"background-landlord-cta-free-rent-estimate cta-block-landlord-cta-free-rent-estimate\">\n<h3><strong>Is your rental priced competitively?<\/strong><\/h3>\n\n<p>Find out with a <em>free<\/em> rent estimate. Our team of rental experts will calculate your unit&#8217;s true value based on your listing details &amp; current market trends.<\/p>\n\n<a href=\"https:\/\/landlords.liv.rent\/rentestimate\/\" target=\"_blank\" rel=\"noopener noreferrer\"><button id=\"button-landlord-cta-free-rent-estimate\" class=\"button-landlord-cta-free-rent-estimate\">Get Your Free Estimate<\/button><\/a>\n<\/div>\n<br>\n\n\n\n<p><\/p>\n\n\n\n<br><h2 id=\"month-to-month\">Month-to-month rent change<\/h2>\n\n\n\n<p>This May, there were plenty of notable price shifts across Montreal&#8217;s individual neighbourhoods.<\/p>\n\n\n\n<p>For unfurnished units, Westmount (+14.46%), Saint Henri (+11.14%), Saint-Laurent (+7.14%) and Villeray-Parc-Extension (+5.71%) had the largest month-to-month increases, while the only month-to-month decreases occurred in Hochelaga-Maisonneuve (-1.07%) and Ahuntsic-Cartierville (-0.07%). <\/p>\n\n\n\n<p>Somewhat surprisingly, average rent prices for furnished units in Montreal&#8217;s individual neighbourhoods were much more stable this month. Notable increases occurred in Villeray-Parc-Extension (+5.71%), Notre-Dame-de-Gr\u00e2ce (+4.54%) and Downtown (+2.81%), while the largest month-to-month decreases took place in Ahuntsic-Cartierville (-6.81%) and Westmount (-4.10%).<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"903\" height=\"1620\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/05\/RentReport_Montreal_2023_May-EN_Blog-7.jpg\" alt=\"percentage change by Montreal neighbourhood and unit type via the May 2023 liv rent report\" class=\"wp-image-42209\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/05\/RentReport_Montreal_2023_May-EN_Blog-7.jpg 903w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/05\/RentReport_Montreal_2023_May-EN_Blog-7-480x861.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) 903px, 100vw\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"unfurnished-furnished\"><br><span style=\"font-size: inherit;\" class=\"popup-trigger\">Montreal unfurnished vs. furnished rent averages<\/span><\/h2>\n\n\n\n<p>This May, prices for unfurnished, one-bedroom units have overtaken furnished units after the former increased by +4.07% on average since April. As of this month, unfurnished, one-bedroom units now rent for an average of $32 more than furnished ones. This reversal demonstrates that it may not be worth it for landlords to furnish their units prior to renting. However, those looking to attract different renter demographics such as students and those seeking <a aria-label=\" (opens in a new tab)\" href=\"https:\/\/liv.rent\/blog\/landlords\/short-term-vs-long-term-rentals-which-are-right-for-you\/\" target=\"_blank\" rel=\"noreferrer noopener\">short-term rentals<\/a> would still benefit from the increased demand for short-term rentals during the summer months. For renters, this small difference in price indicates that you may not see significant savings if you bring your own furniture.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"657\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/05\/RentReport_Montreal_2023_May-EN_Blog-2-1024x657.jpg\" alt=\"average rent for furnished vs unfurnished units in Montreal via the May 2023 liv rent report\" class=\"wp-image-42204\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/05\/RentReport_Montreal_2023_May-EN_Blog-2-980x629.jpg 980w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/05\/RentReport_Montreal_2023_May-EN_Blog-2-480x308.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1024px, 100vw\" \/><\/figure>\n\n\n\n<div style=\"border: 2px solid lightcoral; text-align: center; margin: 20px 0%; padding: 20px; color: #BD8D7C;\">\r\n<p style=\"font-size: 16px;\"><b>Read More:<\/b> <a href=\"https:\/\/liv.rent\/blog\/2018\/11\/furnished-vs-unfurnished-rental-guide-for-landlords\/\" target=\"_blank\" rel=\"noopener noreferrer\">[Updated June 2022] Landlord Guide: Furnished vs. Unfurnished Rentals\r\n\r\n<\/a><\/p>\r\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<style type=\"text\/css\" style=\"display: none;\">\n  .featured-listings-wrapper {\n    margin: 40px auto;\n    padding: 30px 0;\n    border-top: 1px solid #e1e1e1;\n    border-bottom: 1px solid #e1e1e1;\n    max-width: 1094px;\n  }\n\n  .featured-listings-title {\n    font-family: \"Open Sans\", Arial, sans-serif;\n    font-size: 24px;\n    font-weight: 600;\n    letter-spacing: -0.58px;\n    line-height: 22px;\n    margin: 0 0 25px;\n  }\n\n  #featured-listings-root {\n    display: grid;\n    grid-template-columns: repeat(auto-fill, 245px);\n    grid-template-rows: repeat(1, 1fr);\n    grid-auto-rows: 0;\n    overflow-y: hidden;\n    grid-gap: 0 15px;\n    justify-content: 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'<p class=\"block-listing-card-pre-price-text\">Starting at...<\/p>'\n              : \"\";\n            const price = isGroup\n              ? parseFloat(listing.gr_min_price)\n              : parseFloat(listing.price);\n            const priceFrequency = FREQUENCY[listing.price_frequency];\n            const mobilePriceFrequency =\n              FREQUENCY_MOBILE[listing.price_frequency];\n            const priceText =\n              '<p class=\"block-listing-card-price-text\"><strong>$' +\n              price +\n              \"<\/strong> \/ \" +\n              priceFrequency +\n              \"<\/p>\";\n            const mobilePriceText =\n              '<p class=\"block-listing-card-price-text-mobile\">$' +\n              price +\n              mobilePriceFrequency +\n              \"<\/p>\";\n            const address = listing.hide_unit_number\n              ? listing.street_name\n              : listing.full_street_name;\n            const addressText =\n              '<p class=\"block-listing-card-address-text\">' +\n              address +\n              \", \" +\n              listing.city +\n              \"<\/p>\";\n            const bedroomText =\n              '<p class=\"block-listing-card-detail-text\">' +\n              (listing.bedrooms > 0\n                ? parseFloat(listing.bedrooms) + \" Bed\"\n                : \"Studio\") +\n              \"<\/p>\";\n            const bathroomText =\n              '<p class=\"block-listing-card-detail-text\">' +\n              parseFloat(listing.bathrooms) +\n              \" Bath\" +\n              \"<\/p>\";\n\n            const cardBody =\n              '<div class=\"block-listing-card-body\"><div class=\"block-listing-card-detail-column\">' +\n              prePriceText +\n              priceText +\n              mobilePriceText +\n              addressText +\n              '<\/div><div class=\"block-listing-card-detail-row\">' +\n              bedroomText +\n              bathroomText +\n              \"<\/div><\/div><\/div>\";\n\n            const cardWrapper = document.createElement(\"a\");\n            cardWrapper.className = \"block-listing-card-wrapper\";\n            cardWrapper.setAttribute(\n              \"id\",\n              \"blog-featured-card-\" + listing.listing_id\n            );\n            cardWrapper.innerHTML = cardBody;\n            cardWrapper.setAttribute(\n              \"href\",\n              \"https:\/\/liv.rent\/rental-listings\/\" + listing.listing_id\n            );\n            const baseImageUrl = \"https:\/\/cdn.liv.rent\/350x262\/\";\n            const imageUrl = listing.cover_photo_aws_s3_key;\n            cardWrapper.style.background =\n              \"url(\" +\n              baseImageUrl +\n              imageUrl +\n              \") center center \/ cover no-repeat\";\n            cardWrapper.appendChild(ribbon);\n\n            return html.push(cardWrapper);\n          });\n\n          const listingsRoot = document.createElement(\"div\");\n          listingsRoot.setAttribute(\"id\", \"featured-listings-root\");\n          html.forEach((card) => {\n            listingsRoot.appendChild(card);\n          });\n\n          const titleText = document.createElement(\"h2\");\n          titleText.className = \"featured-listings-title\";\n          titleText.innerHTML = \"Featured Listings for Rent\";\n\n          const linkText = document.createElement(\"a\");\n          linkText.className = \"featured-listings-block-link\";\n          linkText.innerHTML = \"View all listings on liv.rent\";\n          linkText.setAttribute(\"href\", \"https:\/\/liv.rent\/rental-listings\/map\");\n\n          const innerWrapper = document.createElement(\"div\");\n          innerWrapper.className = \"featured-listings-grid-wrapper\";\n          innerWrapper.appendChild(listingsRoot);\n\n          const outterWrapper = document.createElement(\"div\");\n          outterWrapper.className = \"featured-listings-wrapper\";\n          outterWrapper.appendChild(titleText);\n          outterWrapper.appendChild(listingsRoot);\n          outterWrapper.appendChild(linkText);\n\n          \/\/ Insert Into\n          root.appendChild(outterWrapper);\n\n          \/\/ Insert Before\n          \/\/ root.parentNode.insertBefore(outterWrapper, root);\n\n          \/\/ Insert After\n          \/\/ root.parentNode.insertBefore(outterWrapper, root.nextSibling);\n        })\n        .catch(function (err) {\n          console.warn(\"Something went wrong.\", err);\n        });\n    },\n    false\n  );\n<\/script>\n\n<!-- Root div if not using existing or dynamic element as root -->\n<div id=\"featured-block-root\"><\/div>\n\n\n\n<p><br><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"neighbourhood-breakdown\">Neighbourhood breakdown<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"674\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/05\/RentReport_Montreal_2023_May-EN-1-1024x674.jpg\" alt=\"most and least expensive neighbourhood in Montreal for the May 2023 liv rent report\" class=\"wp-image-42337\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/05\/RentReport_Montreal_2023_May-EN-1-980x645.jpg 980w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/05\/RentReport_Montreal_2023_May-EN-1-480x316.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1024px, 100vw\" \/><\/figure>\n\n\n\n<p>Montreal&#8217;s most and least expensive neighbourhoods had very different average rent prices this month. This May, Ahuntsic-Cartierville is Montreal&#8217;s least expensive neighbourhood to rent in at an average of $1,408 per month for an unfurnished, one-bedroom unit, while Downtown is again the city&#8217;s most expensive neighbourhood at an average of $2,042 per month for the same type of unit\u2014 a substantial $634 difference. <\/p>\n\n\n\n<p>Let&#8217;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.<\/p>\n\n\n\n<ul>\n<li>Downtown Montreal had the most expensive two-, and three-bedroom unfurnished units this May, for the second consecutive month.<\/li>\n\n\n\n<li>Westmount had the most expensive one- and three-bedroom furnished units this month.<\/li>\n\n\n\n<li>Hochelaga-Maisonneuve had the least expensive two- and three-bedroom unfurnished units this May.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"819\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/05\/RentReport_Montreal_2023_May-EN_Blog-6-1-1024x819.jpg\" alt=\"average rent by listing type for unfurnished units in Montreal for the May 2023 liv rent report\" class=\"wp-image-42335\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/05\/RentReport_Montreal_2023_May-EN_Blog-6-1-980x783.jpg 980w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/05\/RentReport_Montreal_2023_May-EN_Blog-6-1-480x384.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1024px, 100vw\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"819\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/05\/RentReport_Montreal_2023_May-EN_Blog-5-1-1024x819.jpg\" alt=\"average rent by listing type for furnished units in Montreal, part of the May 2023 liv rent report\" class=\"wp-image-42336\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/05\/RentReport_Montreal_2023_May-EN_Blog-5-1-980x784.jpg 980w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/05\/RentReport_Montreal_2023_May-EN_Blog-5-1-480x384.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1024px, 100vw\" \/><\/figure>\n\n\n\n<br>\n<style>\n.background-landlord-cta-free-rent-estimate {\n  text-align: center;\n  color: #303030;\n  font-family: 'Inter', sans-serif;\n  font-size: 24px;\n}\n\n.cta-block-landlord-cta-free-rent-estimate p{\n  font-family: 'Inter', sans-serif;\n  color: #303030; \n  font-weight: 400;\n  text-align: center; \n  font-size: 16px;\n}\n\n.cta-block-landlord-cta-free-rent-estimate {\n  background-color: #F5F5F5;\n  border-radius: 16px;\n  padding: 30px;\n  text-align: center;\n  margin: 20px 0px;\n}\n.button-landlord-cta-free-rent-estimate{\n  margin-top: 20px;\n  padding: 12px 16px;\n  background: #1D415E;\n  border: 0px solid white;\n  box-shadow: 0px 6px 8px -2px rgba(29, 66, 94, 0.4), 0px 12px 16px rgba(32, 121, 193, 0.15);\n  border-radius: 6px;\n  cursor: pointer;\n  \n  font-family: 'Inter';\n  font-style: normal;\n  font-weight: 600;\n  font-size: 14px;\n  line-height: 16px;\n  text-align: center;\n  color: #FFFFFF;\n\n}\n<\/style>\n\n<div class=\"background-landlord-cta-free-rent-estimate cta-block-landlord-cta-free-rent-estimate\">\n<h3><strong>Is your rental priced competitively?<\/strong><\/h3>\n\n<p>Find out with a <em>free<\/em> rent estimate. Our team of rental experts will calculate your unit&#8217;s true value based on your listing details &amp; current market trends.<\/p>\n\n<a href=\"https:\/\/landlords.liv.rent\/rentestimate\/\" target=\"_blank\" rel=\"noopener noreferrer\"><button id=\"button-landlord-cta-free-rent-estimate\" class=\"button-landlord-cta-free-rent-estimate\">Get Your Free Estimate<\/button><\/a>\n<\/div>\n<br>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p class=\"has-text-align-center\"><strong><em>Be sure to <\/em><\/strong><span style=\"text-decoration: underline;\" class=\"popup-trigger\"><strong><em><a href=\"https:\/\/315027fd.sibforms.com\/serve\/MUIEALxBmw-zX8J7nIDbE8Y0GsbO2XD2wyS5o8IJ7wVaedytZTfE-Ysnf2unVSDuBMQ_DiIreTYMftk3u84zjN-NZ459-r4fafSVJmvHqufcCZsHOdl9YPdQlyNO_8e-aEyO3JswcwrjPcNt9Ll22P85SQ6zAIiqlLhL9S2Es9edJgfjg0307yN6DptRbjGnHobRqNlUNRLczWrl\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">subscribe<\/a><\/em><\/strong><\/span><strong><em> to our mailing list so you never miss an update on the Montreal rental market.<\/em><\/strong><\/p>\n\n\n\n<br><h2 id=\"downloadable-resources\">Downloadable Resources<\/h2>\n\n\n\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1024\" height=\"1024\" data-id=\"33591\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/11\/2021-10-07_Zoom_IG_Montreal-Avg-1-1024x1024.png\" alt=\"\" class=\"wp-image-33591\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/11\/2021-10-07_Zoom_IG_Montreal-Avg-1-1024x1024.png 1024w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/11\/2021-10-07_Zoom_IG_Montreal-Avg-1-300x300.png 300w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/11\/2021-10-07_Zoom_IG_Montreal-Avg-1-768x768.png 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/11\/2021-10-07_Zoom_IG_Montreal-Avg-1-170x170.png 170w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/11\/2021-10-07_Zoom_IG_Montreal-Avg-1-370x370.png 370w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/11\/2021-10-07_Zoom_IG_Montreal-Avg-1-440x440.png 440w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1024\" height=\"1024\" data-id=\"33590\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/11\/2021-10-07_Zoom_IG_Montreal-Trend-1-1024x1024.png\" alt=\"\" class=\"wp-image-33590\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/11\/2021-10-07_Zoom_IG_Montreal-Trend-1-1024x1024.png 1024w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/11\/2021-10-07_Zoom_IG_Montreal-Trend-1-300x300.png 300w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/11\/2021-10-07_Zoom_IG_Montreal-Trend-1-768x768.png 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/11\/2021-10-07_Zoom_IG_Montreal-Trend-1-170x170.png 170w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/11\/2021-10-07_Zoom_IG_Montreal-Trend-1-370x370.png 370w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/11\/2021-10-07_Zoom_IG_Montreal-Trend-1-440x440.png 440w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/figure>\n\n\n\n<p>Strike up a conversation at your next Zoom call and show off the <a aria-label=\"latest rental averages (opens in a new tab)\" href=\"https:\/\/liv.rent\/blog\/category\/rent-reports\/\" target=\"_blank\" rel=\"noreferrer noopener\">latest rental averages<\/a> with our custom virtual backgrounds.&nbsp;<\/p>\n\n\n\n<p><\/p>\n\n\n\n<br>\n<style>\n.background-downloadable-zoom-background-mtl {\n  text-align: center;\n  color: #FFFFFFF;\n  font-family: 'Inter', sans-serif;\n  font-size: 24px;\n}\n\n.cta-block-downloadable-zoom-background-mtl p{\n  font-family: 'Inter', sans-serif;\n  color: #FFFFFFF; \n  font-weight: 400;\n  text-align: center; \n  font-size: 16px;\n}\n\n.cta-block-downloadable-zoom-background-mtl {\n  background-color: #FFF2E7;\n  border-radius: 16px;\n  padding: 30px;\n  text-align: center;\n  margin: 20px 0px;\n}\n.button-downloadable-zoom-background-mtl {\n  margin-top: 20px;\n  padding: 12px 16px;\n  background: #1D415E;\n  border: 0px solid white;\n  box-shadow: 0px 6px 8px -2px rgba(29, 66, 94, 0.4), 0px 12px 16px rgba(32, 121, 193, 0.15);\n  border-radius: 6px;\n  cursor: pointer;\n  \n  font-family: 'Inter';\n  font-style: normal;\n  font-weight: 600;\n  font-size: 14px;\n  line-height: 16px;\n  text-align: center;\n  color: #FFFFFF;\n\n}\n  \n<\/style>\n\n<div class=\"background-downloadable-zoom-background-mtl cta-block-downloadable-zoom-background-mtl\">\n<h3><strong>Free Virtual Backgrounds<\/strong><\/h3>\n\n<p>Download the latest Montreal rental stats and use as your zoom background.<\/p>\n\n<a href=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/06\/RentReport_Montreal_2023_June-EN_Zoom.zip\" target=\"_blank\" rel=\"noopener noreferrer\"><button id=\"downloadable-zoom-background-mtl\" class=\"button-downloadable-zoom-background-mtl\">Download<\/button><\/a>\n<\/div>\n\n\n\n<br>\n<style>\n.background-downloadable-report-mtl-monthly-rent-report {\n  text-align: center;\n  color: #303030;\n  font-family: 'Inter', sans-serif;\n  font-size: 24px;\n}\n\n.cta-block-downloadable-report-mtl-monthly-rent-report p{\n  font-family: 'Inter', sans-serif;\n  color: #303030; \n  font-weight: 400;\n  text-align: center; \n  font-size: 16px;\n}\n\n.cta-block-downloadable-report-mtl-monthly-rent-report {\n  background-color: #F5F5F5;\n  border-radius: 16px;\n  padding: 30px;\n  text-align: center;\n  margin: 20px 0px;\n}\n.button-downloadable-report-mtl-monthly-rent-report{\n  margin-top: 20px;\n  padding: 12px 16px;\n  background: #1D415E;\n  border: 0px solid white;\n  box-shadow: 0px 6px 8px -2px rgba(29, 66, 94, 0.4), 0px 12px 16px rgba(32, 121, 193, 0.15);\n  border-radius: 6px;\n  cursor: pointer;\n  \n  font-family: 'Inter';\n  font-style: normal;\n  font-weight: 600;\n  font-size: 14px;\n  line-height: 16px;\n  text-align: center;\n  color: #FFFFFF;\n\n}\n  \n<\/style>\n\n\n<div class=\"background-downloadable-report-mtl-monthly-rent-report cta-block-downloadable-report-mtl-monthly-rent-report\">\n<h3><strong>Download The Latest Montreal Rent Report<\/strong><\/h3>\n\n<p>For the complete Montreal rent report, download here.<\/p>\n\n<a href=\"https:\/\/landing.liv.rent\/rentreports\/\" target=\"_blank\" rel=\"noopener noreferrer\"><button id=\"downloadable-report-mtl-monthly-rent-report\" class=\"button-downloadable-report-mtl-monthly-rent-report\">Download Report<\/button><\/a>\n<\/div>\n\n\n\n<br><h2 id=\"methodology\">Data collection methodology<\/h2>\n\n\n\n<font size= \"2\"><i>\r\n<p>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 &#8211; looking at available basement suites, apartments, condos, townhouses, semi-detached houses, and single-detached houses for each area.<\/p>\r\n\r\n<p>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\u2019s listing, since we can filter out duplicate listings and older ads that haven\u2019t been removed. <\/p>\r\n\r\n<p>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. <\/p>\r\n\r\n<p>As we are a Canadian rental platform founded and based in Vancouver, we want to ensure that we\u2019re providing a completely accurate depiction of the rental market in the cities we look at. <\/p>\r\n<\/p><\/font><\/i>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<br>\n<style>\n.button-rethink-way-you-rent-monthly-report {\n  background-color: #7495AC;\n  border: 5px #26425C;\n  color: white;\n  padding: 10px 30px;\n  text-align: center;\n  text-decoration: none;\n  display: inline-block;\n  font-size: 15px;\n  margin: 5px 0px 20px 0px;\n}\n<\/style>\n<img decoding=\"async\" class=\"alignleft wp-image-23097\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2020\/08\/Digital-Contracts-Cropped-2.gif\" alt=\"Find apartments &amp; houses for rent with the liv.rent app\" width=\"220\" height=\"410\" style=\"float:left;\">\n\n<h2 style=\"color: #3E5B77;\">Rethink The Way You Rent<\/h2>\n\n<p>Not on <strong><a href=\"https:\/\/liv.rent\/\" target=\"_blank\" rel=\"noopener noreferrer\">liv.rent<\/a><\/strong> yet? Experience the ease of digital applications &amp; contracts, verified tenants &amp; landlords, virtual tours and more \u2013 all on one platform. <strong><a href=\"https:\/\/liv.rent\/pricing\" target=\"_blank\" rel=\"noopener noreferrer\">Sign up for free<\/a><\/strong> or <strong><a href=\"https:\/\/www.liv.rent\/download\" target=\"_blank\" rel=\"noopener noreferrer\">download the app<\/a><\/strong>.<\/p>\n\n<a href=\"https:\/\/liv.rent\/features\" target=\"_blank\" rel=\"noopener noreferrer\"><button class=\"button-rethink-way-you-rent-monthly-report\">Learn More<\/button><\/a>\n\n<p style=\"color: #3E5B77\"><strong><a href=\"https:\/\/315027fd.sibforms.com\/serve\/MUIEALxBmw-zX8J7nIDbE8Y0GsbO2XD2wyS5o8IJ7wVaedytZTfE-Ysnf2unVSDuBMQ_DiIreTYMftk3u84zjN-NZ459-r4fafSVJmvHqufcCZsHOdl9YPdQlyNO_8e-aEyO3JswcwrjPcNt9Ll22P85SQ6zAIiqlLhL9S2Es9edJgfjg0307yN6DptRbjGnHobRqNlUNRLczWrl\" target=\"_blank\" rel=\"noopener noreferrer\">Subscribe<\/a><\/strong> to receive these monthly updates on the Vancouver rental market. Discover last month&#8217;s Rent Reports below:<\/p><p>\n\n<a href=\"https:\/\/liv.rent\/blog\/rent-reports\/april-2023-metro-vancouver-rent-report\/\" target=\"_blank\" rel=\"noopener noreferrer\">April 2023 Metro Vancouver Rent Report<\/a><br>\n\n<a href=\"https:\/\/liv.rent\/blog\/rent-reports\/april-2023-toronto-rent-report\/\" target=\"_blank\" rel=\"noopener noreferrer\">April 2023 Toronto Rent Report<\/a><br>\n\n<a href=\"https:\/\/liv.rent\/blog\/rent-reports\/april-2023-calgary-edmonton-rent-report\/\" target=\"_blank\" rel=\"noopener noreferrer\">April 2023 Calgary &amp; Edmonton Rent Report<\/a>\n\n<br>\n<a href=\"https:\/\/liv.rent\/blog\/rent-reports\/april-2023-montreal-rent-report\/\" target=\"_blank\" rel=\"noopener noreferrer\">April 2023 Montreal Rent Report<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>At a glance Looking for our full May 2023 Montreal Rent Report? Download your copy here to get all the latest insights, including a detailed breakdown by neighbourhood. As summer approaches, Montreal&#8217;s average rental rates have increased by a significant margin this month. This May, the average monthly rent for an unfurnished, one-bedroom unit has [&hellip;]<\/p>\n","protected":false},"author":28,"featured_media":42210,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false},"categories":[448,292],"tags":[611,399],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>May 2023 Montreal Rent Report | liv.rent blog<\/title>\n<meta name=\"description\" content=\"liv.rent&#039;s 2023 Montreal Rent Report breaks down the city&#039;s latest rent prices, trends, and more looking at key data for each neighbourhood.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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