Rent report: Two-bedrooms in Montreal up 10% from this time last year.

Rent report: Two-bedrooms in Montreal up nearly 10% from this time last year

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According to Zumper’s latest monthly National Rent Report, Montreal ranks 16th among the most expensive rental markets in the country.

The newly updated average rental price of a one-bedroom apartment on the island is $1,500. Meanwhile, a two-bedroom unit should set you back around $1,900.

For those who have been keeping track, the price of two-bedroom units in Montreal is up by 9.8% since this time last year.

Meanwhile, Vancouver and Toronto, the country’s most expensive rental markets saw respective year-over-year increases of 15.9% and 24.5% on two-bedrooms.

Zumper

Zumper

Despite it being the second-most populated city in the country, Montreal’s rent remains lower than less urban towns like Kingston, Barrie, and Hamilton.

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Looking at another populated part of the province, Quebec City also saw sizable rent increases over the past month. Nonetheless, the average two-bedroom in the province’s capital is still $100 cheaper than the average one-bedroom in Montreal.

Zumper analyzes hundreds of thousands of listings to compile data on rental rates across Canada, and you can find their latest report here.