Average rent in Thunder Bay, ON
The average 1-bedroom rent in Thunder Bay is $1,173 a month, and a 2-bedroom averages $1,493 (CMHC Rental Market Survey, October 2025).
What all renters pay (CMHC)
| Unit size | Average monthly rent |
|---|---|
| Studio | $976 |
| 1-bedroom | $1,173 |
| 2-bedroom | $1,493 |
| 3-bedroom+ | $1,794 |
| All units | $1,395 |
Source: CMHC Rental Market Survey, Oct 2025: average rent by bedroom and survey zone (purpose-built, all tenants). These are averages for purpose-built rental apartments and include long-time tenants, so new leases are usually higher.
We don't have a recent asking-rent figure for Thunder Bay yet, so people who moved in recently are compared with the CMHC figures above. Those run lower than what new renters pay.
Is your Thunder Bay rent too high? Check in 10 seconds →Neighbourhood zones in Thunder Bay
- North Ward · 1-bed $1,259
- South Ward · 1-bed $1,080