Thunder Bay, ON rental market
Last updated August 7, 2025
Rental market summary
The average rent for all bedrooms and all property types in Thunder Bay, ON is $1,798.
$1,798
$0
+$98
16
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $675 to $2,950.
| Rent price | Number of rental properties |
|---|---|
| $600 | 1 |
| $1,200 | 1 |
| $1,300 | 3 |
| $1,400 | 1 |
| $1,500 | 2 |
| $1,600 | 1 |
| $1,700 | 1 |
| $1,800 | 1 |
| $1,900 | 1 |
| $2,000 | 1 |
| $2,100 | 2 |
| $2,200 | 2 |
| $2,300 | 3 |
| $2,900+ | 1 |
Average rent price over time
In the last year, rent has increased by $98 compared to the previous year.
| Last year (2024) | This year (2025) | |
|---|---|---|
| Jan | $1,895 | $1,849 |
| Feb | $1,895 | $1,800 |
| Mar | $1,895 | $1,798 |
| Apr | $1,899 | $1,800 |
| May | $1,650 | $1,849 |
| Jun | $1,500 | $1,800 |
| Jul | $1,462 | $1,595 |
| Aug | $1,600 | $1,798 |
| Sep | $1,895 | No data |
| Oct | $1,800 | No data |
| Nov | $1,900 | No data |
| Dec | $2,000 | No data |
Market temperature
The Thunder Bay, ON rental market temperature is COOL. Market temperature is based on changes in renter demand compared to the national average. For example, a hot market has increasing demand.
Temperature is based on all bedrooms and all property types.
Compare average rent in markets
Rent in Thunder Bay, ON is 14% lower than the national average.
$1,798
$2,100
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Frequently asked questions
1. What is the average rent in Thunder Bay, ON?
The average rent in Thunder Bay, ON is $1,798.
2. How much does it cost to rent a house in Thunder Bay, ON?
Houses in Thunder Bay, ON rent between $675 - $2,950 with an average rent of $1,798.
3. How has the rent in Thunder Bay, ON changed in the last year?
In the last year, the rent in Thunder Bay, ON increased by $98
4. How much has the rent in Thunder Bay, ON increased/decreased in the last month?
In the last month, the rent in Thunder Bay, ON did not change.
5. How many available rentals are there in Thunder Bay, ON?
There are currently 16 rentals available in Thunder Bay, ON.
6. How do rent prices in Thunder Bay, ON compare with the national average?
The average rent in Thunder Bay, ON is $1,798 — 14.38% lower the national average of $2,100.