Cheap Apartments for Rent in Montréal, QC from $500 (304 Rentals)

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Search the lowest-cost Apartments available for rent right now in Montréal.

property at 5136 Papineau Av

$700

3 Bedroom, 1 Bath Home for Rent

Available Now

5136 Papineau Av

MontréalQCH2H 1W2
property at 5150 Papineau Av

$700

3 Bedroom, 1 Bath Home for Rent

Available Now

5150 Papineau Av

MontréalQCH2H 1W2

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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property at 3440 Rue Durocher

$1,135 - $1,850

Studio To 2 Bedroom Rentals

Available Now

3440 Rue Durocher

MontréalQCH2X 2E2

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 3580 Av. Lorne

$1,165 - $1,395

Studio To 1 Bedroom Rentals

Available Now

3580 Av. Lorne

MontréalQCH2X 2A7
property at 65 R. Sherbrooke E

$1,175 - $2,760

Studio To 3 Bedroom Rentals

Available Now

65 R. Sherbrooke E

MontréalQCH2X 1C4

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Showing Results 1-50, Page 1 of 7

Montréal, QC Local Guide

Photo of Bobbi Jackson - Local Guide Expert
Written By:
Bobbi Jackson
Local Guide Expert

Cheapest Neighborhoods for Apartments in Montréal, QC

Pricing Updated: 01/15/2026

Current apartment rentals in the Montréal, QC area range in price from $600 to $11,000 with an overall median price of $3,105. The three Montréal neighborhoods with the lowest median rent pricing are Ahuntsic Saint Laurent at $995, Décarie Outremont at $995, and Sud Ouest Verdun at $1,300. Here is today’s list of the top 6 neighborhoods with the lowest median pricing for Montréal Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Ahuntsic Saint Laurent$2,435$99516
Décarie Outremont$2,795$99545
Sud Ouest Verdun$2,800$1,30021
Hochelaga Mercier$3,153$9307
Ville Marie Westmount$3,250$600288
Plateau Rosemont$4,200$70019

Cheapest Available Montréal Apartments for Rent

 

The cheapest available apartment rental in Montréal, QC is a 1 Bed unit found at Parc Cite in the Ville Marie Westmount neighborhood priced from $599. 4290-4320 Métropolitain E has the second lowest priced unit, which is a 1 Bed apartment currently listed from $895. Here is today’s list of the most affordable Montréal apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Parc Cite1x1 Standard1BR,1BA$599
4290-4320 Métropolitain EStudio1BR,1BA$895
Benny Crescent Apartments0 Beds, 1 BathsStudio,1BA$950
Place Cavendish Apartments0 Beds, 1 BathsStudio,1BA$975
Le Côte Sainte-Catherine1 Beds, 1 Baths1BR,1BA$995
Cote-des-Neiges Apartments0 Beds, 1 BathsStudio,1BA$995
10500 De L'acadie BoulStudioStudio,1BA$995
7619 Christophe-Colomb AvStudioStudio,1BA$995
Complexe DeguireStudioStudio,1BA$999
1375 La Fontaine RueStudioStudio,1BA$1,000

Best Value Apartments for Rent in Montréal, QC

As of January 15, 2026 the best value apartment in the Montréal area is the $1.46 price per square foot 4 1/2 Model at Le Redpath in the in the Ville Marie Westmount neighborhood starting from $1,975. The second greatest value Montréal apartment is the 3 Beds, 1 Baths Model at Place Cavendish Apartments starting at $2,040 with a $1.71 price per square foot . Here is today’s list of the best values for Montréal apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Le Redpath4 1/22BR,2BA$1.46
Place Cavendish Apartments3 Beds, 1 Baths3BR,1BA$1.71
4550 Walkley AvTwo Bedroom2BR,1BA$1.55
4640-4650 Wellington Rue2 Bedroom 1 Bathroom2BR,1BA$1.60
Villa Saint-Jean1 Bedroom, 1 Bathroom1BR,1BA$1.52
4702 Queen-Mary Ch3 1/21BR,1BA$1.65
2775 De Kent AvOne Bedroom1BR,1BA$1.50
Palay4 bedroom x 2 bathroom4BR,2BA$1.48
1180 Rue Du FortOne Bedroom + DEN1BR,1BA$1.73
Red Top Tower Apartments1 Beds, 1 Baths1BR,1BA$1.67

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Montréal Overview

Stunning cosmopolitan Montréal – European culture on a North American waterfront. On an island dividing the Saint Lawrence River is the sparkling vision of Montréal Québec, the province’s largest city and Canada’s second largest. It’s named after Mont Royal, the volcanic 3-peaked mountain that makes the island. The exquisite city is French Canadian with a distinctive European atmosphere. French is the primary language of Québec. Many people in Montréal speak English, but very few do in rural areas farther from the city. Montréal is a leading financial, manufacturing, and academic center of Canada. It is a major employment and transportation hub. But it’s best known for its friendly people, affordable rental housing, abundant fun nightlife, many delectable dining options, and its vibrant art, music, and theater scene. 

Why live in Montréal, QC?

Montréal, Québec is the jewel of eastern Canada and northern areas of the adjacent US states.  With around 1.8 million residents, Montréal is one of the largest employment markets in Canada. Yet, it maintains a lovely community culture across its diverse population. The city is an academic center, home to multiple prestigious universities, including Concordia. Montréal rental homes are surprisingly more affordable than in many US cities. The public transportation system is unsurpassed. The city offers abundant unique sights, fun activities, entertainment, dazzling nightlife, and a world-famous culinary scene. Overall, the quality of life is high here. The French and North American cultural blending generates a distinctive European vibe. Plus, there is a vibrant arts scene and an endless array of outdoor recreational options all over the island. Shopping options, including fresh food markets, are plentiful, and the crime rate is low. 

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Montréal, QC Rentals by Map

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See the most popular apartments and homes in Montréal, QC

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Montréal, QC Apartments Map
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Montréal, QC Rental Homes Map

Frequently Asked Questions about Cheap Montréal Apartments

What is a cheap apartment in Montréal?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Montréal is under $1,000.

What is the price of a cheap apartment in Montréal?

The cheapest apartment in Montréal is Parc Cite which is listed at $599, while the average apartment in Montréal costs $3,105.

What types of apartments are the cheapest in Montréal?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 29 regular apartments in Montréal that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Montréal?

Cheap apartments in Montréal have an average cost of $288 which is $2,817 cheaper than the average rent for all rentals in Montréal.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!