Average rent in South Ward, Thunder Bay
The average 1-bedroom rent in South Ward, Thunder Bay is $1,080 a month, and a 2-bedroom averages $1,376 (CMHC Rental Market Survey, October 2025).
What all renters pay (CMHC)
| Unit size | Average monthly rent |
|---|---|
| Studio | $1,020 |
| 1-bedroom | $1,080 |
| 2-bedroom | $1,376 |
| 3-bedroom+ | $1,905 |
| All units | $1,288 |
Across all unit sizes, rents here average $1,288, which is 8% below the Thunder Bay metro average of $1,395. If you pay much more than this for a similar unit, you might be overpaying, but newer buildings and recent leases usually cost more than these averages.
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.
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