When's the best time to raise rent?

Typically at lease renewal with 3 months notice. Mid-lease increases are less common.

Increases must be 'reasonable' per tribunal — how much is reasonable?

Tribunal considers inflation, expense increases, and market. Generally 3-5% annually is reasonable.

How do student neighborhoods affect rents?

Near Concordia or McGill, rents spike in August (semester start) and drop in May (departure). Demand is highly seasonal.

Do amenities (garage, washer) justify higher rent?

Yes. A 2-bedroom with garage commands 10-15% more than without. Washer/dryer included adds 5-10%.

Tenant Finding and Placement

Tenant Placement Montreal

Montreal Rental Market Analysis

What rent should I ask for my apartment? Where is demand strongest? This guide lists market rents and trends by Montreal neighborhood.

Free Assessment (514) 779-1956

Setting the wrong rent costs thousands

An owner sets rent for a 2-bedroom at $1,000/month without knowing the market. Reality: the market in their neighborhood (Rosemont) asks $1,250-1,350/month for the same unit — they're leaving $3,000-4,200 on the table yearly. Or conversely, they price too high and the unit sits vacant 3 months. Knowing the local market allows setting competitive AND maximum rent.

What rental market analysis includes

Median rents and rent ranges
Tenant demand (high/low)
Turnover rates
Price trends

Good analysis accounts for size (1.5, 2.5, 3.5), building age, amenities (washer/dryer, garage), and exact location.

Who needs this?

Owners setting rent for a new unit or renewal. Those wanting to verify if current rent is competitive.

Montreal rents by neighborhood (2026 estimates)

Outremont, Westmount

$1,500-1,850 for a 2-bedroom — the most expensive neighborhoods.

Plateau, Griffintown, Ville-Marie

$1,350-1,700, mid-to-premium market.

Rosemont, Saint-Henri, Verdun

$950-1,350, more affordable neighborhoods.

Montreal is fragmented into micro-markets by neighborhood. Outremont commands 20-30% higher rents than Rosemont for identical units. University neighborhoods (Concordia, McGill) show strong seasonal variation.

What you get

Knowledge of current market rents

Setting optimal rent

Revenue maximization

Reduced vacancy time

How it works

Identify exact unit type

Bedrooms, bathrooms, size, amenities.

Research comparable rents

Compile 20-30 similar listings in your neighborhood.

Analyze trends

Median rent, trend, strong or weak demand, occupation time.

Set strategic rent

Slightly above median to attract quickly, or equal to median for volume.

Frequently Asked Questions

For 2-bedroom, approximately $1,250/month median, but ranges from $900 (Verdun) to $1,700 (Outremont).

Know your market. Set optimal rent.

Jones analyzes your neighborhood's local market to maximize your revenue.

Analyze Your Market (514) 779-1956

Related services

Complete Tenant Finding Screening Guide Legal Compliance

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Areas we serve

Jones analyzes the Montreal rental market by neighborhood for owners.

Montreal Plateau-Mont-Royal Westmount Outremont All service areas →