Last updated on November 4, 2026

Average rent in
Thunder Bay, ON

Median rent

Median rent in Thunder Bay

$1,850/mo

decreased by2%

vs previous year

The average rent in Thunder Bay is $1,850 per month as of October 2026. This is 3% below the national average rent, or $50 less per month.

$2.47

average price per square foot

Total rentals

Available rentals in Thunder Bay

14

for rent on Zumper.com as of October 2026

Rent price distribution

Share of Thunder Bay rentals at each price point

70%53%35%18%0%
$0 - $750
$751 - $1,500
$1,501 - $2,250
$2,251 - $3,000
$3,001+

This report has limited data.Due a shortage of data for this selected bedroom and/or property type in Thunder Bay, ON, in the last 30 days, rent estimates may not represent the actual market.

Rent trends in Thunder Bay, ON

Average rent prices in Thunder Bay have remained the same over the last month and have decreased by 2% 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 $1,800, whereas a house costs $2,247. 1-bedroom apartments in Thunder Bay run $1,750 on average, while 2-bedroom apartments are $1,895.

Listings

Studio

$1,650

No Change

21%

1 bedroom

$1,700

No Change

27%

2 bedroom

$1,800

5%

5%

3 bedroom

$2,100

4%

9%

4 bedroom

$2,900

49%

85%

Studio

Average rent

$1,650

Last year

21%

1 bedroom

Average rent

$1,700

Last year

27%

2 bedroom

Average rent

$1,800

Last 30 days

5%

Last year

5%

3 bedroom

Average rent

$2,100

Last 30 days

4%

Last year

9%

4 bedroom

Average rent

$2,900

Last 30 days

49%

Last year

85%

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$1,850
decreased by3%

lower than the national median

Median rent price$1,595
decreased by16%

lower than the national median

Takeaway

The median rent for all rentals in Thunder Bay, ON is 16% higher than the median rent in Duluth, MN.

Discover rentals in Thunder Bay, ON

411 Simpson St #7 - Photo 1 of 1

5d+ ago

Simpson-Ogden apartment for rent in Thunder Bay

2 beds

1 bath

$1,600

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
185 Limbrick St - Photo 1 of 1

4d ago

Northwood condo for rent in Thunder Bay

3 beds

1 bath

$1,950

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
Parklane Townhomes - Photo 1 of 1

5d+ ago

9.3

Excellent

Parklane Townhomes

930 Neebing Ave, Thunder Bay, ON P7E 3L5

3 beds

1 bath

$1,999–$2,049

Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.
Cedars of Thunder Bay - Photo 1 of 1

4d ago

8.8

Very good

Cedars of Thunder Bay

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

3 beds

1 bath

$2,195

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.

Stay up to date with rental market insights

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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 $1,850 per month as of October 31, 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 decreased by 2% since last year.

How does Thunder Bay rent compare to the national average?

Rent in Thunder Bay is 3% below the national average, which means renters are paying approximately $50 less per month.

Which neighborhoods are most affordable in Thunder Bay?

The most affordable neighborhoods in Thunder Bay are Court Cumberland ($1,725/mo), Northwood ($1,750/mo), and Shuniah ($1,750/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 $74,000/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