Tenant Placement Montreal

Montreal Rental Market Analysis

What rent should I ask for my apartment? What are owners in Plateau-Mont-Royal asking? Where is demand strongest? This guide lists market rents and trends by Montreal neighborhood.

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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 $250-350/month on the table yearly - $3,000-4,200 annually! Or conversely, they price too high and the unit sits vacant 3 months while they search. Knowing the local market per neighborhood allows setting competitive AND maximum rent.

What is rental market analysis?

It's researching current rents and market trends for your unit type in your specific neighborhood. It includes: median rents, 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. Managers justifying rent increases to owners. Anyone wanting to maximize profitability.

Montreal rental market varies enormously by neighborhood

Montreal is fragmented into micro-markets by neighborhood. Outremont commands 20-30% higher rents than Rosemont for identical units. Downtown (Ville-Marie) is premium. Saint-Henri and Verdun are more affordable. An owner unfamiliar with their specific market misses huge revenue opportunities or sits vacant.

Montreal rents by neighborhood (2026 estimates)

Approximate median rents for 2 bedroom/2.5 bath: Outremont $1,500-1,700; Plateau-Mont-Royal $1,350-1,550; Downtown (Ville-Marie) $1,450-1,700; Westmount $1,600-1,850; Griffintown $1,350-1,550; Rosemont $1,150-1,350; Saint-Henri $1,050-1,250; Verdun $950-1,150. Prices increase annually. University neighborhoods (Concordia, McGill) show strong seasonal variation.

What you get

Knowledge of current market rents

Setting optimal rent (not too low, not too high)

Revenue maximization

Reduced vacancy time

Better competitiveness

Justification for rent increases

Data-driven decision making

Competitive advantage

How it works

Identify exact unit type

Bedrooms, bathrooms, size, amenities (garage, A/C, washer).

Research comparable rents

Kijiji, Craigslist, real estate listing sites. Compile 20-30 similar listings in your neighborhood.

Analyze trends

Median rent, trend (up/down), strong or weak demand, occupation time.

Set strategic rent

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

Frequently Asked Questions

What's average rent in Montreal?

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

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. More is contestable.

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%.

Know your market. Set optimal rent.

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

Analyze Your Market (514) 779-1956

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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 →

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