Last updated on September 19, 2026

Average rent in
Thunder Bay, ON

Median rent

Median rent in Thunder Bay

$1,895/mo

Flat

vs previous year

The average rent in Thunder Bay is $1,895 per month as of September 2026. This is about the same as the national average rent.

$2.38

average price per square foot

Total rentals

Available rentals in Thunder Bay

19

for rent on Zumper.com as of September 2026

Rent price distribution

Share of Thunder Bay rentals at each price point

65%49%33%16%0%
$0 - $750
$751 - $1,500
$1,501 - $2,250
$2,251 - $3,000
$3,001+

Rent trends in Thunder Bay, ON

Average rent prices in Thunder Bay have increased by 5% over the last month and have remained the same 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 $1,790, whereas a house costs $2,195. 1-bedroom apartments in Thunder Bay run $1,790 on average, while 2-bedroom apartments are $1,895.

Listings

Studio

$1,362

14%

14%

1 bedroom

$1,700

1%

37%

2 bedroom

$1,850

20%

21%

3 bedroom

$2,850

6%

20%

4 bedroom

$2,687

3%

35%

Studio

Average rent

$1,362

Last 30 days

14%

Last year

14%

1 bedroom

Average rent

$1,700

Last 30 days

1%

Last year

37%

2 bedroom

Average rent

$1,850

Last 30 days

20%

Last year

21%

3 bedroom

Average rent

$2,850

Last 30 days

6%

Last year

20%

4 bedroom

Average rent

$2,687

Last 30 days

3%

Last year

35%

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$1,895

Equal to the the national median

Median rent price$1,400
decreased by26%

lower than the national median

Takeaway

The median rent for all rentals in Thunder Bay, ON is 35% higher than the median rent in Duluth, MN.

Average rent in nearby cities

Explore rent trends in neighboring markets

Duluth

$1,400

decreased by1%
Last year
Hancock

$1,500

increased by68%
Last year
Hermantown

$1,845

increased by9%
Last year
Houghton

$1,775

increased by51%
Last year
Ironwood

$981

increased by14%
Last year
Ishpeming

$1,110

increased by57%
Last year

Discover rentals in Thunder Bay, ON

404 Ambrose St #2 - Photo 1 of 1

5d+ ago

Court-Cumberland apartment for rent in Thunder Bay

411 Simpson St #6 - Photo 1 of 1

5d+ ago

Simpson-Ogden apartment for rent in Thunder Bay

Parklane Townhomes - Photo 1 of 1

1d ago

9.3

Excellent

Parklane Townhomes

930 Neebing Ave, Thunder Bay, ON P7E 3L5

3 beds

1 bath

$2,099

531 Luci Crt - Photo 1 of 1

5d+ ago

Our team has verified this company

Verified

Main Floor - 531 Luci Ct Thunder Bay ON P7E 1H2

531 Luci Crt, Thunder Bay, ON P7E 1H2

3 beds

1 bath

$2,100

Stay up to date with rental market insights

View the National Rent Report

National Rent Report

View the Canadian Rent Report

Canadian Rent Report

View the Annual Rent Report

Annual Rent Report

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

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 $1,895 per month as of September 12, 2026.

Is rent up or down in Thunder Bay?

Average rent prices in Thunder Bay have increased by 5% over the last month and have remained the same since last year.

How does Thunder Bay rent compare to the national average?

Rent in Thunder Bay is roughly the same as the national average.

Which neighborhoods are most affordable in Thunder Bay?

The most affordable neighborhoods in Thunder Bay are Vickers Park ($1,895/mo), Westfort ($1,897/mo), and Shuniah ($1,900/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 $76,000/year, based on spending no more than 30% of your income on rent.

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

351 Foley St, Thunder Bay, ON P7B 1P9, CAN
325 Albany St, Thunder Bay, ON P7A 6Z7, CAN
404 Ambrose St, Thunder Bay, ON P7B 1M4, CAN
245 Mcintyre St, Thunder Bay, ON P7A 3B3, CAN
411 Simpson St, Thunder Bay, ON P7C 3J1, CAN
24 Mona St, Thunder Bay, ON P7A 6X8, CAN
37 Cumberland St S, Thunder Bay, ON P7B 2T4, CAN
2196 Falconcrest Dr, Thunder Bay, ON P7J 1H5, CAN
531 Luci Court, Thunder Bay, ON P7E 1H2, CAN
34 Hodge St, Thunder Bay, ON P7B 4H1, CAN
329 Albany St, Thunder Bay, ON P7A 6Z7, CAN
308 Archibald St S, Thunder Bay, ON P7E 1G7, CAN
200 Simpson St, Thunder Bay, ON P7C 3H4, CAN
318 Cornwall Ave, Thunder Bay, ON P7B 1T1, CAN
371 High Street North, Thunder Bay, ON P7A 5S6, CAN
216 Ontario St, Thunder Bay, ON P7B 3G8, CAN
3304 Sifton Ave, Thunder Bay, ON P7E 6K6, CAN
1154 Arthur Street West, Thunder Bay, ON P7E 6L3, CAN
116 Victoria Ave W, Thunder Bay, ON P7C 1G5, CAN
291 Wolseley St, Thunder Bay, ON P7A 3G8, CAN