Verified Facts

Official NameSaint Pierre and Miquelon
CapitalSaint-Pierre
Population5,819
Area242.0 km²
LanguagesFrench
Currencyeuro (€)
TimezoneUTC-03:00
RegionAmericas / North America
Drives onRight
Source: REST Countries API

Rent in Saint Pierre and Miquelon can range from approximately $600 to $1,200 USD per month for a one-bedroom apartment, depending on the location and quality of the accommodation.

Quick Facts

GDP per Capita (PPP)$46,129
Affordability RatingExpensive
Average Monthly Rent (1BR, City Center)$900 USD / 750 EUR
Average Monthly Rent (1BR, Outside Center)$600 USD / 500 EUR
Property Purchase (per sqm, City Center)$2,500 USD
CurrencyEUR

Housing Market Overview

The housing market in Saint Pierre and Miquelon is relatively small and expensive, with a limited supply of apartments and houses available for rent or purchase. The rental market is dominated by short-term leases, typically ranging from 6 to 12 months, with a security deposit equivalent to one to two months' rent. Tenant rights are protected by French law, which applies in the territory. Compared to regional neighbors like Canada, Saint Pierre and Miquelon's housing costs are relatively high, due to the territory's remote location and limited economy. However, the cost of living in Saint Pierre and Miquelon is still lower than in major Canadian cities like Montreal or Toronto.

The housing market in Saint Pierre and Miquelon is also influenced by the territory's small size and limited population. The demand for housing is relatively low, which can make it easier for renters to find accommodation. However, the supply of affordable housing is limited, and prices can be high, especially in the city center. The territory's government has implemented measures to control rent prices and provide assistance to low-income families, but the housing market remains relatively expensive.

Apartment Rental Prices

Apartment TypeCity Center (USD/month)Outside Center (USD/month)Notes
Studio / Bedsitter$700-$900$500-$700small, basic accommodation
1 Bedroom$900-$1,200$600-$900typical quality, 1-2 bedrooms
2 Bedroom$1,200-$1,800$900-$1,400family size, 2-3 bedrooms
3 Bedroom$1,800-$2,500$1,400-$2,000spacious, 3-4 bedrooms

Property Purchase Prices

Area TypePrice per sqm (USD)Notes
City Center$2,500-$3,500prime locations, high demand
Suburbs$1,800-$2,800residential areas, lower demand
Rural$1,000-$1,800limited availability, lower prices

Best Neighborhoods for Expats

  • Saint-Pierre Downtown: $800-$1,200 USD per month, central location, close to amenities
  • Anse-à-Henry: $600-$1,000 USD per month, residential area, family-friendly
  • Cap-aux-Marins: $500-$900 USD per month, coastal location, scenic views
  • Pointe-au-Gel: $400-$800 USD per month, rural area, peaceful surroundings
  • Miquelon-Langlade: $300-$600 USD per month, rural area, limited amenities

Renter Tips for Saint Pierre and Miquelon

  • Research the local market and prices before starting your search
  • Work with a reputable real estate agent or property manager to find accommodation
  • Be prepared to act quickly, as the rental market can be competitive
  • Negotiate the rent and lease terms, if possible
  • Check the condition of the property and ensure it is well-maintained before signing a lease
  • Consider purchasing furniture and appliances, as unfurnished apartments are common
  • Be aware of scams and always sign a written lease agreement
  • Utilities, such as electricity and water, are usually not included in the rent
  • [CALLOUT] Be sure to read and understand the lease agreement before signing, as it may be written in French.
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