Average price of apartments in Montreal in 2025

Montreal's rental market has experienced slight growth in early 2025, with the average rent reaching $1,677.95 between January and early March. This marks a modest 0.59% increase compared to the same period last year. The average apartment size during this time was approximately 732 square feet, indicating a continued trend of decreasing living spaces across the city.

Notably, certain neighborhoods have seen significant changes in rental prices. Lachine experienced a substantial 27.81% increase in one-bedroom rents, averaging $1,685. Similarly, Pierrefonds-Roxboro saw a 21.72% rise, with one-bedroom units averaging $1,665. Conversely, Anjou reported a 6.29% decrease in one-bedroom rents, bringing the average down to $1,183.

In the condominium market, prices have also risen. The average selling price of a condo in Montreal increased by 4.9% year-over-year, reaching $416,900 in January 2025. citeturn0search5 This growth reflects the city's ongoing demand for housing, despite the challenges posed by shrinking apartment sizes.

The reduction in average apartment size has been a consistent trend since January 2023, with units losing just over 2 square feet per month. This shift underscores the importance for renters to consider not just the cost but also the livable space when searching for accommodations.

Overall, while rental prices in Montreal have seen modest increases, the market remains relatively stable. Prospective renters and buyers should stay informed about neighborhood-specific trends to make well-informed housing decisions.

As the year progresses, monitoring these trends will be crucial for those looking to navigate Montreal's dynamic housing landscape.