{"id":56280,"date":"2024-05-14T09:15:38","date_gmt":"2024-05-14T16:15:38","guid":{"rendered":"https:\/\/liv.rent\/blog\/?p=56280"},"modified":"2024-06-14T15:22:41","modified_gmt":"2024-06-14T22:22:41","slug":"may-2024-montreal-rent-report","status":"publish","type":"post","link":"https:\/\/liv.rent\/blog\/rent-reports\/may-2024-montreal-rent-report\/","title":{"rendered":"May 2024 Montreal Rent Report"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">At a glance<\/h3>\n\n\n\n<ul>\n<li><strong>Despite rates rising since February, Montreal has still seen a year-over-year decline in average rent prices<\/strong>\n<ul>\n<li>The average monthly rent price for a one-bedroom unfurnished unit has increased by $41 since January 2024, but is currently $46 (-2.73%) lower than in May 2023. <\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Average rent for an unfurnished one-bedroom unit in Westmount is down -8.96% compared to May 2023<\/strong>\n<ul>\n<li>Comparing May 2023 to May 2024, the average rate for an unfurnished one-bedroom unit in Westmount has fallen from $2,042 to $1,859. The neighbourhood was the most expensive area of Montreal to rent in this time last year, but is currently second to Downtown.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>The average cost of a one-bedroom unfurnished unit in Hochelaga-Maisonneuve has dropped by $89 since January<\/strong>\n<ul>\n<li>Hochelaga-Maisonneuve became Montreal&#8217;s cheapest neighbourhood to rent in last month and retained that title in May despite a +4.83% increase in the average monthly rent for a one-bedroom unfurnished unit. Average rates in the neighbourhood have now fallen by $89, or -6.05%, since the beginning of the year.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p><em><strong>Note:<\/strong> As of our April 2024 report, Notre-Dame-de-Gr\u00e2ce and C\u00f4te-des-Neiges<\/em> <em>will be combined into a single neighbourhood for the purpose of our analysis.<\/em><\/p>\n\n\n\n<p><em><strong>Download the full report here for a comprehensive summary of this month&#8217;s rental data. <\/strong><\/em><\/p>\n\n\n\n<br>\n<style>\n.background-downloadable-report-mtl-monthly-rent-report-2 {\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-2 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-2 {\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-2 {\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-2 cta-block-downloadable-report-mtl-monthly-rent-report-2\">\n<h3><strong>Unlock Exclusive Monthly Insights<\/strong><\/h3>\n\n<p>Download the full Montreal report for more expert insights and in-depth data for average rent prices, market trends, and neighbourhood comparisons.<\/p>\n\n<a href=\"https:\/\/landing.liv.rent\/rentreports\/\" target=\"_blank\" rel=\"noopener noreferrer\"><button id=\"downloadable-report-mtl-monthly-rent-report-2\" class=\"button-downloadable-report-mtl-monthly-rent-report-2\">Download Report<\/button><\/a>\n<\/div>\n\n\n\n<p>Montreal&#8217;s city-wide average rent prices have remained mostly consistent over the past few months, but have risen again this May. As of this month, the average rent price for an unfurnished, one-bedroom unit has increased by $16, bringing Montreal&#8217;s city-wide average rent to $1,640 \u2013 still well below rates in 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\u2019ve published our 2024 Canada Rental Market Trend Report with an in-depth analysis of average rent prices, driving factors, and predictions for the year ahead. You can download your copy&nbsp;<a href=\"https:\/\/liv.rent\/blog\/rental-resources\/2024-canada-rental-market-trend-report\/\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a>.<\/em><\/strong><\/p>\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 <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 units<\/a> in Montreal. As of May 2024, the average monthly rent price for an unfurnished, one-bedroom unit has risen by $16. Looking at a year-over-year comparison, Montreal&#8217;s city-wide rental rate for an unfurnished, one-bedroom unit has fallen since May 2023, with prices now $46 below what they were this time last year.<\/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\/2024\/05\/RentReport_Montreal_2024_May-EN_Blog-4-1-1024x717.jpg\" alt=\"rental averages and trends for Montreal via the May 2024 liv rent report\" class=\"wp-image-56324\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2024\/05\/RentReport_Montreal_2024_May-EN_Blog-4-1-980x686.jpg 980w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2024\/05\/RentReport_Montreal_2024_May-EN_Blog-4-1-480x336.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>Looking at both furnished &amp; unfurnished units, there were a few notable changes in rental rates across Montreal&#8217;s different neighbourhoods this month<\/p>\n\n\n\n<p>Looking first at unfurnished one-bedroom units, Westmount (+8.12%) and Notre-Dame-de-Gr\u00e2ce\/C\u00f4te-des-Neiges (+6.48%) had the largest month-to-month increases, while Villeray-Parc-Extension (-10.07%) has seen the most notable decline since April. <\/p>\n\n\n\n<p>Looking at furnished one-bedroom units, average rent prices increased in Verdun (+9.89%) and Ahuntsic-Cartierville (+7.42%), with no month-to-month decreases this May.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"610\" height=\"1024\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2024\/05\/RentReport_Montreal_2024_May-EN_Blog-7-1-610x1024.jpg\" alt=\"percentage change for montreal neighbourhoods part of the liv rent May 2024 Montreal Rent Report\" class=\"wp-image-56327\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2024\/05\/RentReport_Montreal_2024_May-EN_Blog-7-1-610x1024.jpg 610w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2024\/05\/RentReport_Montreal_2024_May-EN_Blog-7-1-480x806.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) 610px, 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, average monthly rent prices for both furnished and unfurnished one-bedroom units rose. This month, furnished, one-bedroom units now rent for $41 more than unfurnished one-bedroom units, on average. Landlords exploring the option of <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> will typically be able to command a slightly higher price for their furnished units. For renters, this price difference indicates that you&#8217;ll probably need to pay a bit more if you aren&#8217;t moving with your 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\/2024\/05\/RentReport_Montreal_2024_May-EN_Blog-2-1-1024x657.jpg\" alt=\"average rent for furnished vs unfurnished units in Montreal via the May 2024 liv rent report\" class=\"wp-image-56322\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2024\/05\/RentReport_Montreal_2024_May-EN_Blog-2-1-980x629.jpg 980w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2024\/05\/RentReport_Montreal_2024_May-EN_Blog-2-1-480x308.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 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   .then((data) => {\n          const featured = data.data.listSearch.featured;\n          \/\/ const root = document.querySelector(\"div.related-post\");\n          \/\/ const root = document.querySelector(\"div.entry-content\");\n          const root = document.querySelector(\"#featured-block-root\");\n          let html = [];\n\n          featured.map((listing) => {\n            const isGroup = listing.gr_unit;\n\n            const ribbon = document.createElement(\"div\");\n            const ribbonText = document.createElement(\"p\");\n            ribbonText.innerHTML = \"Featured\";\n            ribbon.className = \"ribbon-wrapper\";\n            ribbon.style.background =\n              \"url('https:\/\/liv.rent\/blog\/wp-content\/uploads\/2020\/03\/ribbon.png') center no-repeat\";\n            ribbon.appendChild(ribbonText);\n\n            const prePriceText = isGroup\n              ? '<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><\/p>\n\n\n\n<p><strong><em>Looking for our full May 2024 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><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\/2024\/05\/RentReport_Montreal_2024_May-EN_Blog-3-1-1024x674.jpg\" alt=\"most and least expensive neighbourhood in Montreal for the May 2024 liv rent report\" class=\"wp-image-56323\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2024\/05\/RentReport_Montreal_2024_May-EN_Blog-3-1-980x645.jpg 980w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2024\/05\/RentReport_Montreal_2024_May-EN_Blog-3-1-480x316.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 vastly different average rent prices this May. This month, Hochelaga-Maisonneuve is Montreal&#8217;s least expensive neighbourhood to rent in at an average of $1,381 per month for an unfurnished, one-bedroom unit. Meanwhile, Downtown is the most expensive neighbourhood, at an average of $1,870 per month \u2013 $489 more than in Hochelaga-Maisonneuve. <\/p>\n\n\n\n<p>Let&#8217;s look closer 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>Besides two-bedroom unfurnished units, Downtown Montreal has the most expensive average rent prices for all other types of units this month, both furnished and unfurnished<\/li>\n\n\n\n<li>Average rent prices for furnished one-bedroom units increased in every neighbourhood we collected data for this month<\/li>\n\n\n\n<li>Ahuntsic-Cartierville had the least expensive rent for two-bedroom unfurnished units, while Hochelaga-Maisonneuve had the lowest average prices for three-bedroom unfurnished units.<\/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\/2024\/05\/RentReport_Montreal_2024_May-EN_Blog-6-1-1024x819.jpg\" alt=\"average rent by listing type for unfurnished units in Montreal for the May 2024 liv rent report\" class=\"wp-image-56326\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2024\/05\/RentReport_Montreal_2024_May-EN_Blog-6-1-980x783.jpg 980w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2024\/05\/RentReport_Montreal_2024_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\/2024\/05\/RentReport_Montreal_2024_May-EN_Blog-5-1-1024x819.jpg\" alt=\"average rent by listing type for furnished units in Montreal, part of the May 2024 liv rent report\" class=\"wp-image-56325\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2024\/05\/RentReport_Montreal_2024_May-EN_Blog-5-1-980x784.jpg 980w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2024\/05\/RentReport_Montreal_2024_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<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-2024-metro-vancouver-rent-report\/\" target=\"_blank\" rel=\"noopener noreferrer\">April 2024 Metro Vancouver Rent Report<\/a><br>\n\n<a href=\"https:\/\/liv.rent\/blog\/rent-reports\/april-2024-toronto-rent-report\/\" target=\"_blank\" rel=\"noopener noreferrer\">April 2024 Toronto Rent Report<\/a><br>\n\n<a href=\"https:\/\/liv.rent\/blog\/rent-reports\/april-2024-calgary-edmonton-rent-report\/\" target=\"_blank\" rel=\"noopener noreferrer\">April 2024 Calgary &amp; Edmonton Rent Report<\/a>\n\n<br>\n<a href=\"https:\/\/liv.rent\/blog\/rent-reports\/april-2024-montreal-rent-report\/\" target=\"_blank\" rel=\"noopener noreferrer\">April 2024 Montreal Rent Report<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>At a glance Note: As of our April 2024 report, Notre-Dame-de-Gr\u00e2ce and C\u00f4te-des-Neiges will be combined into a single neighbourhood for the purpose of our analysis. Download the full report here for a comprehensive summary of this month&#8217;s rental data. Montreal&#8217;s city-wide average rent prices have remained mostly consistent over the past few months, but [&hellip;]<\/p>\n","protected":false},"author":28,"featured_media":56289,"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":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>May 2024 Montreal Rent Report | liv.rent blog<\/title>\n<meta name=\"description\" content=\"liv.rent&#039;s May 2024 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\" href=\"https:\/\/liv.rent\/blog\/rent-reports\/may-2024-montreal-rent-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"May 2024 Montreal Rent Report | liv.rent blog\" \/>\n<meta property=\"og:description\" content=\"liv.rent&#039;s May 2024 Montreal Rent Report breaks down the city&#039;s latest rent prices, trends, and more looking at key data for each neighbourhood.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/liv.rent\/blog\/rent-reports\/may-2024-montreal-rent-report\/\" \/>\n<meta property=\"og:site_name\" content=\"liv.rent blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/liv.rent\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-14T16:15:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-14T22:22:41+00:00\" \/>\n<meta property=\"og:image\" 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