Average Rent in Thunder Bay, ON and Rent Price Trends

Rent trends in Thunder Bay, ON

Average rent prices in Thunder Bay have remained the same over the last month and have increased by 6% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in
Thunder Bay, ON

Rent prices in Thunder Bay vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Thunder Bay is $1,875, whereas a house costs $2,000. 1-bedroom apartments in Thunder Bay run $1,700 on average, while 2-bedroom apartments are $1,900.


Studio	$1,325	23%	12%
1 bedroom	$1,700	3%	28%
2 bedroom	$2,000	2%	33%
3 bedroom	$2,247	2%	3%
4 bedroom	$2,900	1%	-

		Listings
Academy Heights	$1,800
County Park	$1,999
Court Cumberland	$1,949
Current River	$1,800
Forest Park	$2,000
Northwood	$1,750
Shuniah	$2,000
Simpson Ogden	$1,847
Vickers Park	$1,800
Westfort	$1,800


Apartments	$1,875	3%	No Change
Condos	$1,950	1%	No Change
Houses	$2,000	5%	No Change

Studio

Average rent

$1,325

Last 30 days

23%

Last year

12%

1 bedroom

Average rent

$1,700

Last 30 days

Last year

28%

2 bedroom

Average rent

$2,000

Last 30 days

Last year

33%

3 bedroom

Average rent

$2,247

Last 30 days

Last year

4 bedroom

Average rent

$2,900

Last 30 days

The table above reflects average rent prices in Thunder Bay, ON, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Thunder Bay, ON compare to other cities?

Compare median rent prices in Thunder Bay and Duluth by all bedroom counts and property types.

Thunder Bay

Median rent price$1,915

lower than the national median

Median rent price$1,395

28%

lower than the national median

Takeaway

The median rent for all rentals in Thunder Bay, ON is 37% higher than the median rent in Duluth, MN.

Average rent in nearby cities

Explore rent trends in neighboring markets

$1,395

$1,690

$1,600

$827

$945

$1,150

$1,950

$1,395

$932

$1,322

$1,287

$975

Discover rentals in Thunder Bay, ON

5d+ ago

Court-Cumberland apartment for rent in Thunder Bay

Room 2- 38 Crown St Thunder Bay ON P7B 3J6

38 Crown St, Thunder Bay, ON P7B 3J6

1 bed

2 baths

$675

Apartment for rent

Available Mar 1

5d+ ago

Court-Cumberland house for rent in Thunder Bay

166 Court St S, Thunder Bay, ON P7B 2X6

2 beds

1 bath

$2,200

$1,600

Price drop

House for rent

Available Jun 1

5d+ ago

Court-Cumberland apartment for rent in Thunder Bay

108 Banning St #2, Thunder Bay, ON P7B 3H9

2 beds

1 bath

$1,800

Apartment for rent

Available Sep 1

5d+ ago

Court-Cumberland apartment for rent in Thunder Bay

1 - 371 Ambrose St Thunder Bay ON P7B 1L9

371 Ambrose St #1, Thunder Bay, ON P7B 1M1

2 beds

1 bath

$1,800

Apartment for rent

Available Feb 24

3d ago

9.3

Excellent

Parklane Townhomes

930 Neebing Ave, Thunder Bay, ON P7E 3L5

3 beds

1 bath

$1,899–$1,999

House for rent

5d+ ago

Shuniah apartment for rent in Thunder Bay

20 - 306 Balsam Street Thunder Bay Ontario P7A 5N7

306 Balsam St #20, Thunder Bay, ON P7A 5N7

2 beds

1 bath

$1,900

Apartment for rent

Available Jun 15

18h ago

8.8

Very good

Cedars of Thunder Bay

314 - 314 Heath Court, Thunder Bay, ON P7E 6G2

3 beds

1 bath

$2,195

House for rent

1h ago

9.1

Excellent

Creekview Estates

350 County Blvd, Thunder Bay, ON P7A 7P5

3 beds

1 bath

$2,300

House for rent

Stay up to date with rental market insights

National Rent Report

Canadian Rent Report

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Frequently asked questions for Thunder Bay, ON

Quick answers to common questions about the Thunder Bay rental market.

How much is rent in Thunder Bay?

The average rent in Thunder Bay is $1,915 per month as of June 13, 2026.

Is rent up or down in Thunder Bay?

Average rent prices in Thunder Bay have remained the same over the last month and have increased by 6% since last year.

How does Thunder Bay rent compare to the national average?

Rent in Thunder Bay is 2% below the national average, which means renters are paying approximately $35 less per month.

Which neighborhoods are most affordable in Thunder Bay?

The most affordable neighborhoods in Thunder Bay are Northwood ($1,750/mo), Vickers Park ($1,800/mo), and Westfort ($1,800/mo).

What salary do I need to afford rent in Thunder Bay?

To comfortably afford rent in Thunder Bay, you'd need to earn approximately $77,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in Thunder Bay?

The median rent for a one-bedroom apartment in Thunder Bay, On is $1,476, while a two-bedroom apartment has a median rent of $1,799.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

Apartments for rent in Thunder Bay

Apartments for rent in Academy Heights

Apartments for rent in College Heights

Apartments for rent in Forest Park

Apartments for rent in Green Acres

Apartments for rent in Northwood

Apartments for rent in Vickers Park

Apartments for rent in Westfort

Houses for rent in College Heights

Houses for rent in Forest Park

Houses for rent in Green Acres

901 Dog Lake Rd, Thunder Bay, ON P7G None, CAN