Renters in Montreal are feeling the pinch as they face rising costs, mirroring a trend across Canada. Montreal rent has seen prices for both one and two-bedroom apartments climb. The median for a one-bedroom reached $1,590 in October, while a two-bedroom now costs $2,100, according to the new Zumper Canadian Rent Report.
Montreal's once-affordable rental market is showing signs of change. While the city has long been known for its relatively reasonable living costs, recent reports show rent prices are still going up and a wave of anxiety is washing over Montreal tenants, changing how many live.
With Montreal's average listing rent exceeding $1,600 this year, your chances of finding a home for less may be dwindling. But that doesn't mean there aren't cheaper apartments out there, though they might not be downtown or in Westmount. For those who are comfortable sharing a home with a stranger, the prospects are a little better, but this list is primarily composed of apartments for one.
Quebec, like the rest of Canada, has not been spared the crushing effects of inflation, especially when it comes to housing. The average cost of rent in the country just exceeded $2K for the first time ever, while Montreal's citywide average is inching ever closer to that figure.A December report by Rentals.ca that ranked Canadian cities on the basis of rent found (unsurprisingly) that Vancouver and Toronto were at the top of the list. Quebec's most expensive city was less expected.