Over the past few years, short-term rentals have become a significant part of Montreal’s accommodation sector. As the number of hotel rooms remains relatively static, homestyle rentals on platforms like Airbnb have stepped in to meet the needs of the growing number of overnight visitors. While the entire Montreal short-term rental sector has experienced growth, certain neighbourhoods have seen demand reach unprecedented levels. Notably, occupancy rates have strengthened during non-peak seasons, providing hosts with more consistent income throughout the year.
Here is an overview of the best Montreal neighbourhoods for Airbnb rentals:
Old Montreal
This historic district is home to popular attractions like Notre-Dame Basilica and the Old Port. With its cobblestone streets and charming architecture, Old Montreal offers some of the most picturesque Airbnb accommodations in the city. While competition among both top hotels and strong Airbnb listings is high, demand remains robust. Additionally, there is a notable shortage of homestay accommodations on hotel platforms, allowing hosts to command premium rates.
Le Plateau-Mont-Royal
Known for its vibrant arts scene, upscale restaurants, and eclectic shopping, Le Plateau continues to be a must-visit area for many tourists. The neighbourhood’s bohemian charm and colourful architecture attract visitors seeking an authentic Montreal experience. Given the limited number of traditional hotels in the area, Airbnb has become a popular choice for accommodations. Hosts who prioritize quality and guest experience often see higher revenues, catering to travellers who value comfort and authenticity over price.
Downtown Montreal
Downtown Montreal offers a balanced mix of leisure and business travellers. The area’s proximity to major attractions, shopping centers, and business districts makes it a prime location for short-term rentals. Revenue growth in downtown has been consistent, often outpacing the supply of new properties being listed. Successful hosts in this area tend to be those who invest in professional setups and provide exceptional guest experiences.
The Village
Montreal’s Village neighbourhood has seen a steady increase in tourist numbers, partly due to government efforts to promote it as a must-see area. While demand may not be as strong as in other neighbourhoods, the lower competition creates a favourable balance between supply and demand. Historically affected by seasonality, The Village now experiences more consistent occupancy rates throughout the year.
While these neighbourhoods have experienced some of the most consistent demand levels and growth, it’s important to note that hosts can succeed in various parts of the city. Even in locations with lower average demand, standout properties that offer exceptional experiences can outperform similar listings in more popular areas. Focusing on what you can control—such as property quality, guest experience, and compliance with local regulations—can lead to success in the short-term rental market.
For professional assistance in managing your property efficiently and navigating Montreal’s short-term rental regulations, explore our services for Airbnb Management in Montreal.