The average cost for a one-bedroom apartment as of July is about $1,753. Rental costs in 2024 have increased 17.85 per cent from a year ago.
Published Jul 13, 2024 • 3 minute read
You can save this article by registering for free here. Or sign-in if you have an account.
Article content
As Montreal grapples with a worsening housing crisis, rents continue to increase in the city.
The average cost of rent in 2024 is about $1,650, according to data from the first quarter of the year from Centris.ca, representing a 17.85-per-cent increase compared with the same period last year. Rentals.ca estimates average rent for a one-bedroom as of July is about $1,753.
Advertisement 2
This advertisement has not loaded yet, but your article continues below.
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
There with you then. Here with you now. As a critical part of the community for over 245 years,The Gazette continues to deliver trusted English-language news and coverage on issues that matter. Subscribe now to receive:
Unlimited online access to our award-winning journalism including thought-provoking columns by Allison Hanes, Josh Freed and Bill Brownstein.
Opportunity to engage with our commenting community and learn from fellow readers in a moderated forum.
Unlimited online access to the Montreal Gazette and National Post, including the New York Times Crossword, and 14 more news sites with one account
Support local journalists and the next generation of journalists.
Montreal Gazette ePaper, an electronic replica of the print edition to view on any device, where you can share and comment..
SUBSCRIBE TO UNLOCK MORE ARTICLES
There with you then. Here with you now. As a critical part of the community for over 245 years,The Gazette continues to deliver trusted English-language news and coverage on issues that matter. Subscribe now to receive:
Unlimited online access to our award-winning journalism including thought-provoking columns by Allison Hanes, Josh Freed and Bill Brownstein.
Opportunity to engage with our commenting community and learn from fellow readers in a moderated forum.
Unlimited online access to the Montreal Gazette and National Post, including the New York Times Crossword, and 14 more news sites with one account
Support local journalists and the next generation of journalists.
Montreal Gazette ePaper, an electronic replica of the print edition to view on any device, where you can share and comment..
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
There with you then. Here with you now. As a critical part of the community for over 245 years,The Gazette continues to deliver trusted English-language news and coverage on issues that matter. Create an account or sign in to continue with your reading experience.
Access articles from across Canada with one account.
Share your thoughts and join the conversation in the comments.
Enjoy additional articles per month.
Get email updates from your favourite authors.
Sign In or Create an Account
or
Article content
The most expensive neighbourhoods are Outremont, Ville-Marie, the Sud-Ouest and Plateau-Mont-Royal, while the cheapest are Montreal North, Rivières-des-Prairies–Pointe-aux-Trembles, Dorval and Anjou, according to Centris.
It notes the average rent in Montreal has increased for the 10th consecutive quarter. The increase was greater among three-bedroom units and more moderate for one-bedroom units.
“The average prices for units added to the market were $1,423, $1,803 and $2,143 for one-, two- and three-bedroom apartments respectively,” Centris said.
Rentals.ca, meanwhile, ranks the city as 22nd most expensive to live in Canada, with Vancouver, Burnaby and Toronto in the top three spots.
If you’re apartment hunting, here are some examples of what the average price — $1,700 ish — can get you in each of Montreal’s boroughs: