Eight cheapest places to live in and rent in Ontario (2022)
Thunder Bay’s average rent prices have remained steady year after year. For a two-bedroom apartment in downtown Thunder Bay, the average rent is $1,184 and around $1,000 for a one-bedroom apartment. The average cost of living before rent is $1,246 per month for a single person. The average cost of a single-detached home, meanwhile, is $366,900.
With a population of just over 110,000, Thunder Bay is also home to more than 100 parks and the largest grain storage facility in North America. Aside from the consistently low rent, the best part of Thunder Bay is that it has been dubbed the city in Eastern Canada that receives the most sun: about 2,200 hours of sunlight each year.
Rainy River is a small town in north-western Ontario that is roughly a three-hour drive southeast of Winnipeg. More important than location, however, is the cost of living, which is 37% lower than the average in Ontario. With a population of just 1,000, apartments to rent in Rainy River are hard to come by—but you can rent a private cottage for less than $1,000. The average cost of purchasing a property is $334,329.
Rainy River is a transportation hub with the Canadian National Railway, with fuel, lumber, and grain being shipped through the community. It is also home to Hannam Park, a perfect family vacation spot with a volleyball court, playground and beach.
Deep River, with a population of 4,200, is situated 200 kilometres northwest of Ottawa and offers an average cost of living 27% lower then the provincial average. The average rent for a one-bedroom apartment is $1,400 and the average cost of a house is currently $368,025.