Average Rent in Montreal

As of August 2026, Montreal's average asking rent for apartments and condos is about $1,955 a month, down roughly 1.1% from a year earlier, per the Rentals.ca and Urbanation National Rent Report (August 2026 edition). Statistics Canada's Quarterly Rent Statistics for Q2 2026 showed an even larger year-over-year decline for 2-bedroom asking rents specifically, down about 5.2%. A separate, non-comparable measure from CMHC's Rental Market Survey (October 2025 survey) tracks the entire existing purpose-built rental stock, including long-tenured tenancies, rather than only new listings, and put Montreal's average rent at $1,291 across all unit types, with a purpose-built vacancy rate of 2.9%. Montreal remains one of the more affordable large rental markets among Canada's major cities by both measures.

CMHC's Rental Market Report averages rent across the entire purpose-built rental stock, including tenants who renewed at a rate set under Quebec's Tribunal administratif du logement (TAL) criteria -- a figure that moved up faster than asking rents in the CMHC survey because of a high 2025 renewal guideline. Rentals.ca's National Rent Report instead tracks asking rents on units currently listed for rent, which reflects the market-clearing price for someone renting today, and that asking-rent figure has been softening modestly through 2026. These are genuinely different measurements, not two conflicting reports of the same thing: one reflects lease renewals, the other reflects what a new tenant would pay right now.

• Studio (CMHC, Oct 2025): $1,005/month
• 1 bedroom (CMHC, Oct 2025): $1,131/month
• 2 bedroom (CMHC, Oct 2025): $1,346/month
• 3 bedroom or more (CMHC, Oct 2025): $1,625/month
• All apartments (CMHC, Oct 2025): $1,291/month

These are CMHC's in-place averages for the existing purpose-built rental stock, not new-listing asking prices. They sit well below the $1,955 Rentals.ca asking-rent figure above because Quebec's TAL rent-adjustment framework holds continuing-tenancy increases well below what a new listing can ask.

Quebec does not use a single fixed annual percentage the way Ontario does. The Tribunal administratif du logement publishes annual criteria covering the base rent adjustment, capital expenditures, and municipal taxes, which landlords use to calculate a building-specific increase. For notices given on or after January 1, 2026, the TAL set a base component of 3.1%. A tenant who disagrees with a proposed increase can ask the TAL to fix the rent instead of accepting the notice. This tribunal-driven process, rather than a flat provincial cap, is part of why Montreal's CMHC in-place average and Rentals.ca asking-rent figure diverge as much as they do.