Rankin Inlet is an Inuit hamlet on the Kudlulik Peninsula in Nunavut, Canada. It is the largest hamlet and second-largest settlement in Nun…Rankin Inlet is an Inuit hamlet on the Kudlulik Peninsula in Nunavut, Canada. It is the largest hamlet and second-largest settlement in Nunavut, after the territorial capital, Iqaluit. On the northwestern Hudson Bay, between Chesterfield Inlet and Arviat, it is the regional centre for the Kivalliq Region.