Montreal vs Toronto Rentals: 2026 Comparison Guide
As of early 2026, renters choosing between Montreal and Toronto face contrasting markets. Montreal offers significantly lower rents and a more polarized supply, while Toronto provides higher vacancies in purpose-built units but remains far more expensive overall. This guide compares key factors like average rents, vacancy rates, tenant protections, and neighborhood options based on the latest CMHC data and trends to help you decide which city better fits your budget and lifestyle.
Key Rental Market Differences in 2026
Average Rents: Montreal Wins on Affordability
Montreal remains substantially cheaper than Toronto across all unit types. Early 2026 estimates show a one-bedroom apartment averaging $1,600–$1,800 in central Montreal, compared to $2,400–$2,700 in Toronto. For two-bedrooms, expect $1,900–$2,100 in Montreal versus $2,900–$3,400 in Toronto.
CMHC's 2025 data highlighted Montreal's average two-bedroom occupied rent around $1,346 (with asking rents higher at ~$1,930), while Toronto's were significantly elevated. This gap persists into 2026, making Montreal attractive for budget-conscious renters, though affordability challenges remain for lower-income households in both cities.
Vacancy Rates: Toronto Slightly More Balanced
Toronto's purpose-built vacancy rate reached 3% in 2025, offering more options and occasional incentives on new leases. Montreal's overall vacancy hit 2.9%, but it's polarized: luxury units (~$1,900+) at 5–6%, while affordable units (<$1,300) hover at just 1.5%.
In Toronto, secondary market (condo) vacancies stay low (~1%), keeping competition high for desirable units. Overall, both markets have eased from pre-2025 tightness, but Montreal's affordable segment remains scarce.
Rent Increases and Tenant Protections
Quebec's system allows landlords to propose any increase, but tenants can challenge it at the Tribunal administratif du logement (TAL), which sets guidelines (5.9% recommended for 2025; rules updated in 2026 for more structured calculations). No security deposits are allowed, aiding move-in costs.
Ontario caps increases at 2.1% for 2026 on most pre-2018 units, providing predictability for long-term tenants, though new builds are exempt. Toronto renters benefit from stronger eviction protections via the Landlord and Tenant Board.
Montreal often feels more tenant-friendly for disputes and no deposits, while Toronto's caps offer stability against sharp hikes.
Neighborhood Highlights
Montreal's vibrant, walkable areas like Plateau-Mont-Royal, Mile End, and Verdun offer culture, parks, and metro access at lower rents. Emerging spots like Hochelaga or Rosemont provide value for families and young professionals.
Toronto's popular neighborhoods (e.g., Annex, Leslieville, Liberty Village) boast diversity and amenities but at premium prices. More affordable options exist in outer areas like Scarborough or Etobicoke, though commutes lengthen.
Montreal vs Toronto Rental Snapshot (Early 2026 Estimates)
| Factor | Montreal | Toronto |
|---|---|---|
| Avg. 1-Bedroom Rent (Central) | $1,600–$1,800 | $2,400–$2,700 |
| Avg. 2-Bedroom Rent | $1,900–$2,100 | $2,900–$3,400 |
| Purpose-Built Vacancy Rate (2025) | 2.9% (polarized) | 3% |
| Rent Control | Challengeable increases via TAL | 2.1% cap (most units) |
| Security Deposit | None allowed | Last month's rent |
Tips for Choosing Between Montreal and Toronto
- Prioritize budget: Montreal stretches dollars further, ideal for newcomers or families.
- Seek stability: Toronto's caps suit long-term stays; Montreal's dispute process empowers active tenants.
- Consider lifestyle: Both offer culture and transit, but Montreal's European vibe contrasts Toronto's diverse, fast-paced energy.
- Time your search: Winter months often yield better deals in either city due to lower competition.
- Check latest data: Markets evolve quickly—consult CMHC reports for updates.
FAQ
Q1: Is renting cheaper in Montreal or Toronto in 2026?
Montreal—rents are 30–40% lower on average, offering better affordability.
Q2: Which city has more rental availability?
Toronto edges out with higher purpose-built vacancies, though Montreal has options in newer/luxury units.
Q3: Are tenant rights stronger in Quebec or Ontario?
It depends: Quebec bans deposits and facilitates disputes; Ontario provides strict annual caps.
Q4: Best for families?
Montreal's lower costs and neighborhoods like Verdun or Rosemont often appeal more.
Q5: Where to find listings?
Explore our detailed guide on renting a home in Montreal or similar resources for Toronto-specific tips and platforms.
Conclusion & Next Steps
Montreal stands out for affordability and unique charm in 2026, while Toronto offers more options in a dynamic economy—at a higher price. Weigh your priorities to choose the best fit.
Planning a move? Read our complete Montreal rental guide for in-depth advice, or browse more guides. Contact Us for tailored support on Canadian rentals.