Average Rent in Thunder Bay, ON and Rent Price Trends

Rent price summary for
Thunder Bay, ON

As of September 2025, the median rent for all bedroom counts and property types in Thunder Bay, ON is $1,895. This is -4% lower than the national average.

$2.01

average price per square foot

Median rent

$1,895

12%

over the previous yearvs previous year

Total rentals

18

for rent on Zumper.com

As of September 2025, the median rent for all bedroom counts and property types in Thunder Bay, ON is $1,895. This is -4% lower than the national average.

$2.01

average price per square foot

Rent ranges

32%

39%

26%

$0-$750$0 - $750

$751-$1,500$751 - $1,500

$1,501-$2,250$1,501 - $2,250

$2,251-$3,000$2,251 - $3,000

Households

At this time, we don't have information to generate a distribution. Please check back soon.

Median rent and rent ranges are based on Zumper inventory in the last 30 days. Household data are provided by the US Census Bureau.

Rent comparables in
Thunder Bay, ON
The monthly rent for an apartment in Thunder Bay, ON is $1,575. A 1-bedroom apartment in Thunder Bay, ON costs about $1,320 on average, while a 2-bedroom apartment is $2,000. Houses for rent in Thunder Bay, ON are more expensive, with an average monthly cost of $2,097.


1 bedroom	$1,375	10%	1%
2 bedroom	$2,000	7%	15%
3 bedroom	$2,250	1%	14%
4 bedroom	$2,500	67%	26%
Studio	$1,157	22%	8%

		Comparables
College Heights	$1,949
County Park	$1,895
Court Cumberland	$1,949
Current River	$1,895
Forest Park	$1,895
Northwood	$1,895
Shuniah	$1,899
Simpson Ogden	$1,999
Vickers Park	$1,949
Westfort	$1,450


Apartments	$1,575	12%	No Change
Condos	$1,800	25%	No Change
Houses	$2,097	6%	No Change

Studio

Average rent

$1,157

Last 30 days

22%

Last year

1 bedroom

Average rent

$1,375

Last 30 days

10%

Last year

2 bedroom

Average rent

$2,000

Last 30 days

Last year

15%

3 bedroom

Average rent

$2,250

Last 30 days

Last year

14%

4 bedroom

Average rent

$2,500

Last 30 days

67%

Last year

26%

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.

Compare rent prices in Thunder Bay, ON to other cities

Median rent prices in Thunder Bay, ON for all bedroom counts and property types compared to Duluth, MN.

Thunder Bay

Median rent price$1,895

lower than the national median

Median rent price$1,444

27%

lower than the national median

Takeaway

The median rent for all rentals in Thunder Bay, ON is 31% higher than the median rent in Duluth, MN.

More data insights and reports

National Rent Report

Canadian Rent Report

Annual Rent Report

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