Intro:

Montreal, the vibrant metropolis nestled in the heart of the province of Quebec, is renowned for its rich cultural tapestry, exquisite cuisine, and unparalleled joie de vivre. While it offers an array of urban experiences, the city also caters to those seeking a more budget-friendly lifestyle. If you’ve ever dreamt of calling Montreal home without breaking the bank, you’re in luck. Today, we’ll be discussing where to find affordable apartments for rent in Montreal and taking you on a journey through some of the city’s most budget-friendly neighbourhoods. 

These neighbourhoods each possess their own unique appeal, and cater to a diverse range of tastes and preferences. From quaint communities that exude Old World charm to lively, up-and-coming districts that pulse with youthful energy, the city offers something for everyone. However, for those seeking affordability without compromising on quality of life, certain Montreal neighbourhoods stand out as prime contenders.

Whether you’re a student, a young professional, or a family looking to settle down, this guide will be your compass to navigate the city’s real estate landscape. We’ll delve into the Montreal neighbourhoods where rent remains within reach, showcasing their distinctive characteristics and amenities. So, if you’re ready to embark on an exploration of some of the greatest low-cost neighbourhoods in the city of Montreal, join us as we uncover the hidden gems and unveil the secrets of affordable living in this beautiful metropolis. Trust us, these truly are some of the best value for money neighbourhoods in Montreal. 

Ahuntsic-Cartierville

Ahuntsic-Cartierville is a vibrant neighbourhood located in the northern part of the city. It is one of the municipality’s largest boroughs and offers a mix of residential, commercial, and green spaces. One of the prominent features of Ahuntsic-Cartierville is the scenic Ahuntsic Park, which includes a lake and walking trails, providing a serene escape from the hustle and bustle of city life. Additionally, residents have easy access to the Rivière des Prairies, offering waterfront views and recreational opportunities. With excellent public transportation options and a welcoming atmosphere, Ahuntsic-Cartierville is a neighbourhood that embraces its residents and celebrates its cultural diversity. And with an unfurnished single bedroom coming in at approximately $1,400 per month, this topped our list as the best neighbourhood to find affordable apartments for rent in Montreal.

Current asking monthly rental price ranges in Canadian $ for unfurnished units in Ahuntsic-Cartierville: 

1 bedroom: $1,350 to $1,500 

2 bedroom: $1,650 to 1,850

3 bedroom: $1,950 to $2,200

Saint-Laurent

One of the most notable aspects of Saint-Laurent is its thriving business and industrial sectors, which contribute significantly to Montreal’s economy. The southeastern borough is home to a multitude of businesses, including technology companies and aerospace firms. With its excellent public transportation links and a wide range of amenities, Saint-Laurent provides residents with a convenient and vibrant urban lifestyle. It is an area that embraces a wide range of cultural and professional backgrounds, making it an attractive place to call home and one of the best neighbourhoods in Montreal for those looking to rent. 

Current asking monthly rental price ranges in Canadian $ for unfurnished units in Saint-Laurent:

1 bedroom: $1,400 to $1,550

2 bedroom: $1,900 to $2,100

3 bedroom: $2,100 to $2,300

Hochelaga-Maisonneuve

Located in the eastern part of Montreal, Hochelaga-Maisonneuve, often abbreviated as HOMA, is a neighbourhood that has been gaining popularity among young professionals and families seeking affordability without sacrificing quality of life. One of HOMA’s standout features is the Olympic Park, home to various recreational facilities, a botanical garden, and the famous Montreal Tower, making it one of the best neighbourhoods in Montreal for those looking to explore what’s available outside of the downtown area. The area also boasts a thriving arts scene, with numerous galleries and studios. HOMA is well-connected to the rest of the city via public transit, making it a convenient choice for those working or studying downtown. No wonder why we consider it a perfect neighbourhood to find low-cost apartments for rent in Montreal.

Current asking monthly rental price ranges in Canadian $ for unfurnished units in Hochelaga-Maisonneuve (HOMA):

1 bedroom: $1,400 to $1,550

2 bedroom: $1,600 to $1,750

3 bedroom: $2,150 to $2,400

Villeray-Parc-Extension

Villeray-Parc-Extension, located in the north-central part of Montreal, is a true testament to the city’s multicultural spirit. The neighbourhood is known for its bustling culinary scene, with a broad variety of restaurants, cafes, and international cuisine options. It also hosts various cultural events and festivals throughout the year, celebrating its ethnic diversity. The Jarry Park, home to tennis courts and a public swimming pool, provides outdoor recreational opportunities. The warmth and friendliness of the Villeray community is palpable, making it not only one of the most economical districts in Montreal, but also one of the most inviting places to live in the city.

Current asking monthly rental price ranges in Canadian $ for unfurnished units in Villeray-Parc-Extension:

1 bedroom: $1,450 to $1,650

2 bedroom: $1,750 to $1,950

3 bedroom: $2,350 to $2,600

Verdun

If you’re looking to find apartments for rent in Montreal in an area that exudes a true European experience, then Verdun is the place for you. Verdun is a picturesque and charming neighbourhood located in the southwestern part of the city. Situated along the St. Lawrence River, Verdun offers residents a unique blend of urban convenience and natural beauty. One of the defining features of this neighbourhood is its stunning waterfront, which includes scenic parks, walking and cycling paths, and access to the river. This makes it an ideal place for outdoor enthusiasts and those who appreciate serene, waterfront living. With easy access to downtown Montreal via public transportation, Verdun provides convenience and a high quality of life for its residents. Compared to other affordable Montreal neighbourhoods, Verdun stands out in its proximity to both the waterfront and downtown. It’s a borough that combines the tranquility of the river with the vibrancy of urban living, making it a much sought-after budget-conscious area in Montreal.

Current asking monthly rental price ranges in Canadian $ for unfurnished units in Verdun:

1 bedroom: $1,500 to $1,650

2 bedroom: $2,200 to $2,450

3 bedroom: $2,500 to $2,750