Are you living in Montreal’s most expensive rental borough? Or maybe you’re living in the neighbourhood that has the cheapest rent?
According to a May rent report from liv.rent, Montreal renters have been enjoying a dip in average prices since the beginning of the COVID-19 pandemic.
The report suggests the tides are turning, predicting that monthly rental costs will increase over the coming months.
With that said, let’s take a closer look at the rental prices in each neighbourhood across the island. The city’s least expensive place to rent is Ahuntsic-Cartierville, where one-bedroom unfurnished units average $942.
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Conversely, downtown is the most expensive borough for renters, where prices for unfurnished spots hover at around $1,435 per month.
The Plateau has more affordable two- and three-bedrooms than nearby downtown. However, the cost of one-bedroom apartments is pretty similar in both neighbourhoods.
According to the report, only one borough in Montreal offers one-bedroom rent for less than $1,000 a month — Ahuntsic-Cartierville.
When compared to Canada’s priciest rental city, a three-bedroom spot in downtown Montreal equates to less than a two-bedroom spot in Vancouver. According to PadMapper, Vancouverites are averaging $2,600 a month for two-bedroom spots.