The 5 Cheapest Neighbourhoods to Rent in Montreal

For those who are new to Montreal or planning to move in the near future, finding affordable, quality housing is a top priority. Everyone wants to rent a good apartment within their budget. Luckily, there are a lot of cheap places to stay in Montreal. And some neighbourhoods are much more affordable than others, so you can easily find an apartment.

In this article, we will talk about the most affordable places in Montreal in terms of average cost and affordability. Whether you are a student, a young professional, or a family, all these places have great affordability, comfort, and all basic amenities.

Factors Affecting Rent Prices in Cheap Accommodation Montreal

Let's talk about what the price of furnished rentals in Montreal depends on before we talk about neighborhoods.

• Being close to public transport is an important price factor in apartments, with apartments on subway lines and bus routes costing more.

• Neighbourhood amenities such as restaurants, shops, and parks have an effect on rent rates, with more desired areas commanding a premium price.

• Demand and supply affect pricing for rentals to a large degree, with low supply and high demand leading to a rise in price.

• Seasonality affects rents too, with the summer season having more expensive rents due to tourists and students looking for short-term rentals.

5 Districts with Cheap Furnished Apartments and Houses for Rent in Montreal

Here is our list of neighbourhoods for cheap stays in Montreal for short or long-term living.

1. LaSalle – Affordable Living with Green Spaces

LaSalle is a quiet residential neighbourhood located on the island of Montreal. It offers plenty of green spaces, shopping areas, and easy access to downtown. While it’s not as well-known as Verdun, it provides some of the best affordable housing options in the city.

Rent Prices for Furnished Apartments in LaSalle

• One-bedroom apartment: $1,100 – $1,400 per month

• Two-bedroom unit: $1,400 – $1,800

• Condos and houses: Generally cheaper than in Verdun and Saint Henri

Why Choose LaSalle?

✔ Quiet and family-friendly – This area is perfect for families and professionals looking for a peaceful home. Unlike downtown, it’s less crowded and has a strong community feel.
✔ Great access to nature – Parc Angrignon is one of the biggest parks in the city, offering trails, lakes, and picnic areas.
✔ Convenient transportation – With the Angrignon metro station nearby, commuting to downtown is quick and easy. There are also multiple bus routes.
✔ Affordable rentals – Compared to Saint Henri and Verdun, you get a larger unit for the same price.
✔ Local amenities – You’ll find grocery stores, schools, and shopping centers, including Carrefour Angrignon.

If you’re looking for a budget-friendly home with good accessibility, LaSalle is a solid choice.

2. Verdun – The Best Budget-Friendly Central Spot

Verdun has transformed over the last year into a trendy neighbourhood with plenty of restaurants, cafes, and waterfront views.

Rent Prices for Furnished Apartments in Verdun

• One bedroom: $1,200 – $1,600 per month

• Two-bedroom unit: $1,600 – $2,100

• Condos and new developments: More expensive but still lower than downtown Montreal

Why Choose Verdun?

✔Close to downtown – Unlike other budget-friendly areas, Verdun is just a few metro stops from the center of Montreal.
✔Waterfront lifestyle – The St. Lawrence River runs along Verdun, offering walking paths and green spaces.
✔Vibrant community – The area has seen a rise in small businesses, bars, and trendy shops.
✔Good rental variety – There are many older houses and apartments with lower rent prices than in downtown.
✔ Great metro access – With three metro stations (Verdun, De L’Église, LaSalle), it’s easy to commute anywhere in the city.

In the last year, Verdun has become a popular place for young professionals and students. If you want to stay near the action without paying downtown prices, this neighbourhood is a great find.

3. Longueuil – A Cheap Alternative Outside the Island

If you don’t mind crossing the river, Longueuil is one of the cheapest places to find a rental near Montreal. It’s located in Quebec, just outside the city, and offers great affordability for residents.

Rent Prices for Furnished Apartments in Longueuil

• One-bedroom apartment: $950 – $1,250 per month

• Two-bedroom unit: $1,200 – $1,600

• Houses and condos: Lower than most places on the island

Why Choose Longueuil?

✔ Extremely affordable – Compared to renting on the island, Longueuil has some of the lowest prices in Quebec.
✔ Direct access to downtown – The yellow metro line connects Longueuil to central Montreal in minutes.
✔ Family-oriented area – There are plenty of parks, schools, and playgrounds, making it a great spot for families.
✔ Large rental availability – More options for larger units, including townhouses and condos, at a lower price.
✔ Growing job market – New developments in Longueuil have increased employment opportunities.

If you're looking to create a life in a budget-friendly location with great accessibility, Longueuil is worth considering.

4. Hochelaga-Maisonneuve – The Rising Budget-Friendly Area

Located east of downtown, Hochelaga-Maisonneuve (HoMa) is one of the most affordable neighbourhoods on the island. It’s a historic area with a mix of older properties and new developments.

Rent Prices in Hochelaga-Maisonneuve

• One-bedroom apartment: $1,050 – $1,400 per month

• Two bedroom unit: $1,300 – $1,800

• Condos and lofts: Prices are rising but still lower than in Saint Henri

Why Choose Hochelaga-Maisonneuve?

✔ Rich in history and culture – The area has historic buildings, street art, and creative spaces.
✔ Affordable apartments – Rentals here cost less than in nearby neighbourhoods.
✔ Easy transport access – The green metro line has multiple stations in the area.
✔ Great local food scene – From markets to bakeries, there are many budget-friendly places to eat.
✔ Community events – Festivals and activities happen year-round, making it a fun place to live.

This neighbourhood is perfect for those who want an affordable rental while still being part of the city's active lifestyle.

5. Villeray – A Quiet and Budget-Friendly Choice

Villeray is a peaceful residential neighbourhood located north of downtown. It’s perfect for those who want an affordable rental in a safe, friendly area.

Rent Prices in Villeray

• One bedroom: $1,100 – $1,500 per month

• Two-bedroom unit: $1,400 – $1,900

• Houses and condos: Some great deals are still available

Why Choose Villeray?

✔ Family-friendly – Great schools, parks, and quiet streets.
✔ Affordable but central – Compared to other parts of Montreal, Villeray is a great mix of location and price.
✔ Close to Jean-Talon Market – One of the largest markets in Quebec.
✔ Diverse community – A mix of young professionals, students, and long-time residents.

If you want to find a peaceful place to live while staying within your budget, Villeray is a fantastic option.

Conclusion

If you’re looking for a price-friendly apartment in Montreal, these five neighbourhoods offer the best affordability. LaSalle, Verdun, Longueuil, Hochelaga-Maisonneuve, and Villeray are all great options with different benefits.

Each area has unique features, from Lasalle’s green spaces to Verdun’s urban charm. Whether you need a short-term rental or a long-term home, these neighbourhoods will help you find a great property at the right price.