For Montrealers trying to find an affordable apartment, July’s increased rent prices may be discouraging. In June, the average cost for an unfurnished 3 ½ in Montreal was $1464, according to a report on the average rental prices in Montreal published by liv.rent. Now, barely one month later, the average has increased by nearly $75 to $1539/month.
If you're currently on the hunt for Montreal apartments for rent, then things can oftentimes get confusing, disappointing and just outright tiring. With rent having soared in Montreal, it's certainly no easy task to find an apartment for less than $1,000 in the 514. Whether you're looking for a 1-bedroom, 2-bedroom, or an apartment with air conditioning, and a bathtub getting what you want around a price range you're happy with can be a chore. So we've got a few sites that might make the process of apartment hunting a smidge easier.
Looking for a home to buy? Considering home prices in Montreal have jumped, it's certainly no easy feat to find a Montreal home for sale for under $400,000. Well, thankfully there are a few gems across the 514 that offer up affordable single-family homes and there's one for sale right now through duProprio in Montreal-North. The three-bedroom and one-and-a-half bath spans nearly 1,600 square feet across two storeys and just might be what you've been looking for.
Surprise, surprise Montreal rent prices continue to soar.According to liv.rent's May 2022 Montreal Rent Report, besides the slight drop we witnessed in March, the average prices for Montreal apartments for rent just keep on going up, especially in certain neighbourhoods.
With an apartment vacancy rate of 3%, there are plenty of Montreal apartments for rent throughout the city. However, the average cost of rent has gone up.
Although Montreal was once upon a time considered an affordable city when it came to housing, it seems as if the cost of living is slowly but surely trying to match those of more expensive cities such as Toronto or Vancouver.