The French Quarter II — Rental Market Data

The French Quarter II currently features 1 active listing as of August 31, 2026, with an asking price range, average rent, and median rent all fixed at $2,500 per month. The active unit spans an average of 550 square feet with an asking rate of $4.55 per square foot. A 1-Bedroom layout commands 100.0 percent of current active inventory, indicating the building currently leans entirely toward compact entry-level suites rather than multi-bedroom executive layouts.

The 1-Bedroom serves as the dominant active layout at The French Quarter II, accounting for the single available listing and a 100.0 percent inventory share. This single tier features an average asking rent of $2,500 per month across an average size of 550 square feet, yielding an average rate of $4.55 per square foot. There are zero units currently available across all other bedroom tiers.

The French Quarter II displays a minimum entry rent, peak asking rent, dollar spread, and percentage spread of $2,500 per month and $0 respectively for its single active listing. Median asking rent matches this identical figure at $2,500 per month. The entry-level suite consists of a 1-Bedroom layout spanning 550 square feet at $4.55 per square foot, which mirrors the peak suite configuration exactly.

The French Quarter II features an active den premium dollar amount and square footage delta of null. Active parking premiums cannot be reliably isolated due to an insufficient paired sample, so parking costs cannot be reliably quantified from current listings.

The French Quarter II asks an average of $2,500 per month at $4.55 per square foot, compared to broader St. Lawrence submarket asking benchmarks of $2,934 per month and $4.51 per square foot. The building's asking rate per square foot tracks 0.9 percent above the submarket asking average while capturing 0.9 percent of submarket inventory across its 1 active listing.

The French Quarter II records an average historical lease rent of $2,295 per month, trading below the broader comparable average of $2,992 per month across competing properties such as The French Quarter I and St. James Square. Individual competitor benchmarks highlight distinct leasing patterns within the immediate micro-market. The French Quarter I at 120 Lombard St achieved an average lease rent of $3,000 per month at $4.35 per square foot across an average size of 706 square feet over the past 180 days. St. James Square at 95 Lombard St reported an average lease rent of $2,983 per month at $3.51 per square foot across a larger average footprint of 867 square feet. Meanwhile, historical data for The Lombard Court at 82 Lombard St and The Absolute Lofts at 77 Lombard St show zero closed leases over the past 180 days, leaving active rental rate metrics unpopulated for those specific addresses.

The French Quarter II establishes its value proposition through a realized lease rate of $3.89 per square foot on compact 590-square-foot layouts, positioning it competitively against older, larger alternatives in the St. Lawrence micro-market. Renters evaluating this building versus St. James Square at 95 Lombard St evaluate expansive 867-square-foot floor plans (which lease at $3.51 per square foot) in favor of a newer 2004-built asset with modern spatial efficiency. When compared to the adjacent French Quarter I at 120 Lombard St—which commands $4.35 per square foot across 706 square feet—The French Quarter II offers a more accessible entry point into the immediate block, aligning closely with the submarket average asking rate of $4.51 per square foot while maintaining tenant-favorable negotiation dynamics.

Residents at The French Quarter II enjoy a comprehensive lifestyle profile featuring 8 signature amenities, including concierge and security, a gym and fitness centre, a party and lounge room, a meeting room, a games and billiards room, a library and reading room, a rooftop terrace, and a BBQ area. When contrasted with nearby competitors, the building matches or exceeds peer offerings in the St. Lawrence micro-market. Specifically, The French Quarter I at 120 Lombard St provides a similar core package of concierge, fitness, party room, meeting room, rooftop terrace, BBQ area, and a garden and courtyard. St. James Square at 95 Lombard St includes a gym, concierge, meeting rooms, and a sauna and steam room, but lacks the expansive outdoor rooftop terrace found at the subject property. This robust amenity suite positions The French Quarter II exceptionally well for urban professionals and downtown couples seeking balanced building facilities without paying top-tier luxury levies.