Cost of Living in Montreal
2026 Monthly Budget

Montreal remains the most affordable big city in Canada, with cheap transit and rents far below Toronto despite recent increases. A single person can budget around $2,850 a month before savings.

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Single person

$2,790/mo

Essentials plus modest fun money, before savings.

Couple

$3,980/mo combined

Sharing a home cuts the per-person cost sharply.

Biggest expense

$1,700/mo rent

Average asking rent for a 1-bedroom apartment.

Sample monthly budget for Montreal

Rounded 2026 averages. Your numbers will differ by neighbourhood and lifestyle, which is exactly why a budget you actually track beats any table.

CategorySingleCouple
Rent (1-bedroom average)
$1,700$2,150
Groceries
$420$760
Transit (STM adult monthly pass)
$110$220
Utilities (heat, hydro, water)
$130$160
Phone + internet
$130$190
Entertainment + dining out
$300$500
Monthly total$2,790$3,980

Totals exclude savings, debt payments, insurance, and car costs. Couple transit assumes two STM passes.

What to know before budgeting in Montreal

Quebec rental norms are different. Leases traditionally turn over on July 1, and many older apartments come unheated (chauffage not included) or even without a fridge or stove, so read the lease carefully.

The Tribunal administratif du logement publishes suggested annual rent increase guidelines, and lease transfers are common. Long-term tenants often pay well below asking rents.

Quebec income tax is the highest in Canada, but it funds cheap daycare ($9 a day subsidized spots) and low tuition. Your take-home pay is smaller, so budget from net income.

Turn these averages into your actual Montreal budget

Averages get you in the ballpark. Waypoint connects to major Canadian banks, auto-categorizes your real spending, and shows how your real costs compare to the plan you set. Pricing is in CAD.

Montreal cost of living FAQs

How much does it cost to live in Montreal per month in 2026?
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A single person renting an average 1-bedroom apartment in Montreal should budget roughly $2,790 per month for essentials plus modest entertainment. A couple sharing a home spends about $3,980 combined. Add 10 to 20% on top for savings, debt payments, and irregular costs like clothing and gifts.
What is the average rent for a 1-bedroom?
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Average asking rent for a 1-bedroom in Montreal is around $1,650 to $1,750 in 2026. Tenants in older leases frequently pay $1,200 to $1,400, a gap created by Quebec's tenant-friendly rules.
How much is a monthly transit pass?
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A STM adult monthly pass costs about $110 per month. For most daily commuters that beats paying per ride, and it is far cheaper than owning a car once you count insurance, gas, and parking.
What salary do you need to live comfortably in Montreal?
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A common rule of thumb is that essentials should stay under 70 to 80% of take-home pay. With monthly costs around $2,790, a single person in Montreal is comfortable on roughly $45,000 or more in gross annual salary. Waypoint's free budget calculator estimates your after-tax income and builds a recommended breakdown for your exact numbers.

Budget for life in Montreal, not for an average

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Disclaimer: This page is for educational and informational purposes only and does not constitute financial, tax, or legal advice. Results are estimates based on simplified assumptions and may not reflect your actual situation. Tax laws, contribution limits, and regulations change frequently. Always consult a qualified financial advisor or tax professional before making financial decisions. See our Terms of Service for full details.