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How Much Does Rent in a Seniors' Residence Cost in 2023?

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Rent cost in a Seniors' Residence in 2023?

When it comes time to plan for retirement or find a suitable private residence for seniors, a major concern is often determining the cost of rent in a seniors' residence. It's important to note that the price can vary considerably depending on healthcare, services offered, location, environment, and unit type (room, studio, 2 ½, 3 ½, 4 ½, and 5 ½).

If you're looking to find private seniors' residences that fit your budget, don't hesitate to contact us at 1-844-918-1020 or fill out a free, no-obligation accommodation request. Our directory covers all seniors' residences in Quebec and offers options suitable for various budgets.

To give you an idea of costs, we present below a table of average rents in seniors' residences, broken down by region of Quebec.

2023 Average Rent Prices for Seniors' Private Residences 

Source: Price based on data provided by Bonjour Résidences partner residences in Quebec, in 2022.

Regions

Average Rent for Standard Housing

Average rent for accommodation with care

Average Rent per Unit

Montreal

$2,108

$4,175

Single room: $2,297

Studio : $1,640

1 bedroom: $2,077

2 bedrooms +: $2,856

Capitale-Nationale

$2,092

$3,495

Single room: $2,067

Studio : $1,702

1 bedroom: $2,156

2 bedrooms +: $2,759

Montérégie And South Shore

$1,978

$3,226

Single room: $2,269

Studio : $1,821

1 bedroom: $2,136

2 bedrooms +: $2,870

North Shore

$2,152

N/A

Single room: $2,451

Studio : $2,072

1 bedroom: $2,023

2 bedrooms +: $2,716

Centre-du-Québec

$1,727

$3,065

Single room: $1,757

Studio : $1,822

1 bedroom: $1,816

2 bedrooms +: $2,232

Chaudière-Appalaches

$1,790

$2,828

Single room: $1,816

Studio : $1,693

1 bedroom: $1,991

2 bedrooms +: $2,367

Sherbrooke

$1,879

$4,021

Single room: $1,753

Studio : $1,669

1 bedroom: $1,991

2 bedrooms +: $2,652

Lanaudière

$1,813

$3,234

Single room: $1,821

Studio : $1,580

1 bedroom: $1,791

2 bedrooms +: $2,142

Gatineau/Outaouais

$1,849

N/A

Single room: $1,726

Studio : N/A

1 bedroom: $1,961

2 bedrooms +: N/A

Abitibi-Témiscamingue

$2,094

N/A

Single room: $1,705

Studio : $1,670

1 bedroom: $2,191

2 bedrooms +: N/A

Bas-Saint-Laurent

$1,933

$3,014

Single room: $1,876

Studio : $1,907

1 bedroom: $1,959

2 bedrooms +: $2,350

Côte-Nord

$2,339

N/A

N/A

Estrie

$1,790

N/A

Single room: $1,802

Studio : $1,682

1 bedroom: $1,850

2 bedrooms +: $2,277

Gaspésie/Îles-de-la-Madeleine

$1,786

N/A

Single room: $1,839

Studio : N/A

1 bedroom: $2,086

2 bedrooms +: N/A

Laurentians

$1,915

$2,757

Single room: $2,050

Studio : $1,773

1 bedroom: $1,792

2 bedrooms +: $2,259

Mauricie

$1,803

N/A

Single room: $1,670

Studio : $1,588

1 bedroom: $2,046

2 bedrooms +: $2,702

Northern Quebec

N/A

N/A

N/A

Saguenay–Lac-Saint-Jean

$1,663

N/A

Single room: $1,841

Studio : $1,445

1 bedroom: $1,956

2 bedrooms +: $2,400

Laval

$2,088

$3,692

Single room: $2,098

Studio : $1,412

1 bedroom: $1,884

2 bedrooms +: $2,624

Housing Size and Its Impact on Costs

The size of housing in a seniors' residence has a significant impact on costs. Generally, the larger the unit, the higher the rent. Residences offer a variety of options, ranging from individual rooms to studios, as well as 2 ½, 3 ½, 4 ½, and 5 ½ apartments. The choice will depend on the needs and budget of each person. For example, a couple might prefer an apartment with a separate bedroom, while a single person might be satisfied with a studio. Additionally, the available common spaces and included services can also influence the choice of housing size. Before making a decision, it is crucial to carefully assess personal and financial needs, as well as the characteristics of each unit, to find the option that best suits one's lifestyle and budget.

Potential Additional Costs

Another essential thing is to consider potential additional costs when planning life in a retirement home. Besides rent, additional service fees may apply, such as specialized healthcare, recreational activities, and meal services, which are not always included in the base rent. It's also important to consider personal expenses such as medications, insurance, transportation, and leisure. To avoid surprises and establish a realistic budget, it is recommended to ask detailed questions during a residence visit and carefully read the contract before committing. This way, you will have a clear idea of the total costs associated with life in a seniors' residence and can plan accordingly.

Determining Your Retirement Budget

Deciding to move into a seniors' residence is a significant life transition that requires proper planning. To help you establish your budget, check out our "Where to start" page, where you'll find the "Establish My Budget" section. You can use a table to list your sources of income, including wages, pensions, and RRSPs, and then list your expenses, such as electricity and food, to name just a few examples. It's important to note that many retirement homes offer attractive packages that include various services. For example, the article "What is the true cost of seniors' home support ?" sheds light on the costs associated with home maintenance compared to those of a private residence, allowing you to make an informed choice for your future accommodation.

Available Tax Credits for Seniors

You may be eligible for government financial support, which could significantly reduce your expenses. Several articles are available to guide you on savings methods and available tax credits.

For more information, we invite you to consult the following links

Fill out a free, no-obligation accommodation request now.

We take care of finding suitable residences according to your budget and needs.

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