Property prices for rent in Thunder Bay (Ontario)

The rent prices in real estate in Thunder Bay, in the Ontario region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.

$1,551.5
Average price last 6 months
$2.02
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Thunder Bay has risen during the last 6 months. In September, the average price per sq.feet was $1.93. In the following month the price per sq.feet rose considerably to $2.65. The price for the following two months in (November, December) fell 95 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 72 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $2.23 to $1.61 during January, and February.

Average price

When referring to the price in Thunder Bay (cities), this has fallen in the last 6 months. The average price for September is $1,620. During October the price had a slight fall till $1,475. In the following two months the average price has hardly changed with regard to the previous two months from $1,547.5 to $1,524. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,535.75 and $1,583 between January and February.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $1,632 they are 21 % more affordable than the average price for Thunder Bay . The properties with the highest average price have 4 bedrooms, Their price is 50 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,715.

With regard to the average prices per sq.feet those properties with 1 bedroom are 35 % more affordable than the average price of ($1 / sq.feet) in Thunder Bay. Properties with the most affordable price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 35 % more affordable than the average value aforementioned.

Price per property type

The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $1,632 it is 26 % more affordable than the average price in Thunder Bay. "" is seen as the second most affordable property type. The most affordable property is "" followed by "Condo". At a price of $1,209 it is 14 % more affordable than the average price.

According to the average area price by sq.feet the most expensive property type is "Condo with an average cost of $858 / sq.feet. "Condo" at an average price of $858 / sq.feet has the highest price and would be directed at more affluent cities.

Charts data
Average price February
Average price per sq.feet February
Number of properties used in Thunder Bay
Number of properties used in region Ontario
$1,632
$1.53
254
427,412
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value