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Renting an apartment in Montreal just got a bit cheaper,— But don’t get too excited

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With February in full swing, Montreal tenants might notice a slight dip — not just in temperatures outside, but in the city’s rent prices too.

According to Zumper’s latest Canadian Rent Report, Montreal has fallen slightly on the list of most expensive cities to rent in Canada. We’re now sandwiched between London, ON and Calgary, AB for one-bedroom prices.

Although our costs still saw a small uptick on the year (while home prices skyrocketed), Montreal’s average one-bedroom rent dipped slightly from $1,750 in January to $1,710 this month, reflecting a modest decline of 2.3%. The city’s drop in position was thanks to Halifax’s recent price surge and Kingston’s jaw-dropping climb.

Meanwhile, Vancouver and Toronto’s prices remain sky-high despite both cities recording substantial declines since last year.

Here’s the latest breakdown of the top 13 cities with the priciest one-bedroom rents in the country:

One-bedroom rent in Canada (Feb 2025)

  1. Vancouver, BC – $2,550 (-5.6% Y/Y)
  2. Burnaby, BC – $2,400 (-1.6% Y/Y)
  3. Toronto, ON – $2,300 (-6.1% Y/Y)
  4. Victoria, BC – $2,030 (-0.5% Y/Y)
  5. Halifax, NS – $2,010 (-1.5% Y/Y)
  6. Ottawa, ON – $1,990 (+2.6% Y/Y)
  7. Barrie, ON – $1,960 (+10.1% Y/Y)
  8. Kelowna, BC – $1,910 (-0.5% Y/Y)
  9. Kitchener, ON – $1,790 (-5.8% Y/Y)
  10. Oshawa, ON – $1,790 (-3.8% Y/Y)
  11. Kingston, ON – $1,750 (-3.3% Y/Y)
  12. Montreal, QC – $1,710 (+0.6% Y/Y)
  13. London, ON – $1,710 (-0.6% Y/Y)

On the other hand, two-bedroom units in Montreal dropped 1.3% to $2,220, which is $50 cheaper than last month. Despite the drop, Montreal still holds 7th place for the priciest two-bedroom rents across Canada with a 2.8% increase year over year.

Two-bedroom rent in Canada (Feb 2025)

  1. Vancouver, BC – $3,460 (-8.9% Y/Y)
  2. Toronto, ON – $3,010 (-5.9% Y/Y)
  3. Burnaby, BC – $3,000 (-3.5% Y/Y)
  4. Victoria, BC – $2,710 (+1.5% Y/Y)
  5. Halifax, NS – $2,400 (-7.7% Y/Y)
  6. Ottawa, ON – $2,400 (0.0% Y/Y)
  7. Kelowna, BC – $2,320 (+1.3% Y/Y)
  8. Montreal, QC – $2,220 (+2.8% Y/Y)
  9. Oshawa, ON – $2,160 (-1.4% Y/Y)
  10. Barrie, ON – $2,130 (-2.7% Y/Y)
  11. London, ON – $2,060 (-1.9% Y/Y)
  12. Kingston, ON – $1,950 (-8.5% Y/Y)

The Zumper Canadian Rent Report looks at data from thousands of rental listings across the country each month to calculate the average rent for the 23 biggest metro areas in order to give a clear picture of the current rental market You can explore their full February report here.Love this? Check out our MTL Blog noticeboard for details on jobs, benefits, travel info and more!AI tools may have been used to support the creation or distribution of this content; however, it has been carefully edited and fact-checked by a member of MTL Blog’s Editorial team. For more information on our use of AI, please visit our Editorial Standards page.

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