Last updated on August 4, 2026

Average rent in
Thunder Bay, ON

Median rent

Median rent in Thunder Bay

$1,980/mo

increased by10%

vs previous year

The average rent in Thunder Bay is $1,980 per month as of August 2026. This is 2% above the national average rent, or $40 more per month.

$2.68

average price per square foot

Total rentals

Available rentals in Thunder Bay

16

for rent on Zumper.com as of August 2026

Rent price distribution

Share of Thunder Bay rentals at each price point

75%56%38%19%0%
$0 - $1,500
$1,501 - $3,000
$3,001 - $4,500
$4,501 - $6,000
$6,001 - $50,000

Rent trends in Thunder Bay, ON

Average rent prices in Thunder Bay have increased by 4% over the last month and have increased by 10% 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 $1,912, whereas a house costs $2,247. 1-bedroom apartments in Thunder Bay run $1,865 on average, while 2-bedroom apartments are $2,350.

Listings

Studio

$1,650

16%

-

1 bedroom

$1,800

7%

27%

2 bedroom

$2,325

15%

42%

3 bedroom

$2,195

8%

1%

4 bedroom

$2,750

12%

-

Studio

Average rent

$1,650

Last 30 days

16%

1 bedroom

Average rent

$1,800

Last 30 days

7%

Last year

27%

2 bedroom

Average rent

$2,325

Last 30 days

15%

Last year

42%

3 bedroom

Average rent

$2,195

Last 30 days

8%

Last year

1%

4 bedroom

Average rent

$2,750

Last 30 days

12%

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$1,980
increased by2%

higher than the national median

Median rent price$1,400
decreased by28%

lower than the national median

Takeaway

The median rent for all rentals in Thunder Bay, ON is 41% higher than the median rent in Duluth, MN.

Average rent in nearby cities

Explore rent trends in neighboring markets

Duluth

$1,400

increased by1%
Last year
Hancock

$1,375

increased by9%
Last year
Hermantown

$1,650

decreased by17%
Last year
Houghton

$827

Flat
Last year
Ironwood

$981

decreased by9%
Last year
Ishpeming

$1,100

increased by68%
Last year

Discover rentals in Thunder Bay, ON

62 Ontario St - Photo 1 of 1

20h ago

Court-Cumberland apartment for rent in Thunder Bay

Room 9

62 Ontario St, Thunder Bay, ON P7B 3G2

1 bed

2 baths

$600

Apartment for rent

Available Aug 1

411 Simpson St #6 - Photo 1 of 1

4d ago

Simpson-Ogden apartment for rent in Thunder Bay

Apartment for rent

Available Oct 15

109 Algonquin Ave S - Photo 1 of 1

3d ago

House for rent in Thunder Bay

House for rent

Available Oct 1

245 Mcintyre St #2 - Photo 1 of 1

4d ago

Court-Cumberland apartment for rent in Thunder Bay

Apartment for rent

Available Oct 1

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 $1,980 per month as of August 1, 2026.

Is rent up or down in Thunder Bay?

Average rent prices in Thunder Bay have increased by 4% over the last month and have increased by 10% since last year.

How does Thunder Bay rent compare to the national average?

Rent in Thunder Bay is 2% above the national average, which means renters are paying approximately $40 more per month.

Which neighborhoods are most affordable in Thunder Bay?

The most affordable neighborhoods in Thunder Bay are Westfort ($1,950/mo), Simpson Ogden ($1,950/mo), and Court Cumberland ($2,000/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 $79,000/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?

Based on our current listings data, Vickers Park and Court-Cumberland lead Thunder Bay's rental market with eco-conscious features like sustainable materials and community solar projects. Vickers Park generates the highest consumer interest at 2.1 times the market average, while Westfort also draws attention at 0.84 times average interest.

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

182 Seneca Cres, Thunder Bay, ON P7C 5W5, CAN
37 Cumberland St S, Thunder Bay, ON P7B 2T4, CAN
2196 Falconcrest Dr, Thunder Bay, ON P7J 1H5, CAN
245 Mcintyre St, Thunder Bay, ON P7A 3B3, CAN
411 Simpson St, Thunder Bay, ON P7C 3J1, CAN
242 Archibald St N, Thunder Bay, ON P7C 3Y2, CAN
62 Ontario St Rm 9, Thunder Bay, ON P7B 3G2, CAN
1310 Victoria Ave E, Thunder Bay, ON P7C 1C2, CAN
227 - 227 Norah St N, Thunder Bay, ON P7C 4H1, CAN
92 Algoma St N, Thunder Bay, ON P7A 4Z7, CAN
218 Leith St, Thunder Bay, ON P7C 1M8, CAN
329 Albany St, Thunder Bay, ON P7A 6Z7, CAN
308 Archibald St S, Thunder Bay, ON P7E 1G7, CAN
137 Huron Cres, Thunder Bay, ON P7A 3K3, CAN
1154 Arthur Street West, Thunder Bay, ON P7E 6L3, CAN
116 Victoria Ave W, Thunder Bay, ON P7C 1G5, CAN
231 Pruden Street, Thunder Bay, ON P7C 2J9, CA
291 Wolseley St, Thunder Bay, ON P7A 3G8, CAN
300 Wolseley St, Thunder Bay, ON P7A, Canada
368 County Blvd, Thunder Bay, ON P7A 7P5, Canada