Top 5 Cheapest Neighborhoods to live in Montreal with the Best Quality of life — 2024

• Average rent for 1-bedroom apartment: $1,473
• Average cost of buying a property: $844,000

Côte-des-Neiges–Notre-Dame-de-Grâce offers diverse and welcoming neighborhoods for students, newcomers, families, and young professionals. Its multicultural atmosphere, vibrant community spirit, and engaging architecture makes it a lively place to live. As Montreal’s most populous borough, it serves as a transportation hub and is home to top educational and health institutions.

The Le Triangle neighborhoods, bordered by Rue Jean-Talon on the south, Boulevard Décarie on the west, and the Town of Mount Royal on the northeast, is undergoing constant transformation. It’s a newly established area centered around the Namur subway station, following Transit-Oriented Development principles, emphasizing sustainable urban planning practices.

Ville de Montréal – Côte-des-Neiges–Notre-Dame-de-Grâce (Nov 2024), Centris (Nov 2024) & Zumper (Nov 2024)

• Average rent for 1-bedroom apartment: $1,493
• Average cost of buying a property: $532,000

Lachine offers its residents a range of heritage sites due to its long-standing history, as well as, peaceful parks, sports facilities and education institutions. Lachine benefits from its location and accessibility to two major train stations and three highways known as the 20, 13 and the 138.

If you are looking for a place near to all of Montreal, Lachine is perfect for you. It is a 5-minute drive to Montreal International Airport (YUL), a 19-minute drive to downtown Montreal and extremely close to l’échangeur turcot, which joins all the major highways of Montreal. 

Most of the residents in Lachine are growing families with children, with a growing population of 45 743. Residents love spending time by the water at Vieux-Lachine or Old Lachine with its historical buildings and performance halls. You can find all the commercial shops on Notre-Dame street, where the Lachine Market is located. 

Centris (Nov 2024) & Zumper (Nov 2024)

• Average rent for 1-bedroom apartment: $1,503
• Average cost of buying a property: $553,750

LaSalle is one of the cheapest neighborhoods to live in Montreal, offering a blend of small-town charm, modern amenities, and excellent schools, making it an ideal choice for families with children. LaSalle’s motto, “He pushes away obstacles, he casts aside difficulties,” proudly appears on the coat of arms.

The area fosters a strong sense of community, with amenities such as 1 library, 1 large park (Parc des Rapides), over 40 neighborhood parks, 2 arenas, 5 outdoor ice rinks, 10 tennis courts, and 1 hospital center, to name a few. Additionally, LaSalle is home to Cégep André-Laurendeau, a notable higher education institution.

Ville de Montréal – LaSalle, Centris (Nov 2024) & Zumper (Nov 2024)

• Average rent for 1-bedroom apartment: $1,534
• Average cost of buying a property: $807,500

Verdun offers a mix of residential and commercial spaces, making it an ideal place to live and work. Located in the southeastern part of the island, Verdun has something for everyone, especially if you’re looking for affordable housing. It even has a beach known as Plage Urbaine de Verdun – which is very rare in Montreal. Verdun is also very safe with 27.97 crimes per 1,000 people.

If you have a furry friend, Verdun has over 39 km of paths and cycle paths, with over 10 km of pedestrian walk paths located near the local river. As for driving, Verdun is connected to the rest of Montreal through access to highways 15 and 20. 

Its other amenities include Wellington Street, where in the summer, you can enjoy the famous Verdun Jazz Fest with live music and food offered to everyone! 

Ville de Montréal – Verdun (2024), Centris (Nov 2024) & Zumper (Nov 2024)

• Average rent for 1-bedroom apartment: $1,973
• Average cost of buying a property: $653,750

Saint-Henri isn’t just a place; it’s a lifestyle centered around great food, stunning scenery, and rich history. Gastronomy, music, history, and vast green spaces converge in this southwest area, making it a top spot for upscale living, recreation, and dining. With its blend of modernity and industrial heritage, Saint-Henri offers an eclectic urban village vibe, attracting a diverse mix of urban professionals, artists, and families. 

While some former factories have transformed into high-end condos, while picturesque alleys and historic monuments add to its charm, it is still considered one of the cheapest neighborhoods with the best quality of life. 

Food enthusiasts will delight in the renowned Atwater Market and the diverse culinary scene along Notre-Dame Street, offering cuisines from around the world. As one of the Quartiers du Canal, Saint-Henri boasts a dynamic indie art scene, impressive heritage architecture, and evolving streetscapes along the historic Lachine Canal, making it one of Montreal’s most vibrant neighborhoods.

Ville de Montréal – Centre Saint-Henri (Nov 2024), Centris (Nov 2024) & Zumper (Nov 2024)