Median Age
36 Years
Largest Age Group
25-34 Years
Approximately 16% of Residents
Under 20
25%
Over 65
17%
Avg Rent
$986
Population
40,284
Renter Mix
46% Rent
Located in north-central North Dakota, Minot welcomes residents with its small-city charm and community spirit. Known as the "Magic City," this city of approximately 48,000 residents offers rental options throughout its diverse neighborhoods, from downtown apartments to residential communities. Current rental trends show steady growth, with average rents ranging from $625 for studios to $1,657 for four-bedroom homes, reflecting a healthy annual increase of around 5%. The North Hill and South Hill areas provide sweeping views of the Souris River Valley.
Minot's community life revolves around outdoor spaces and cultural attractions. Roosevelt Park and Zoo offer recreation opportunities throughout the seasons, while the Scandinavian Heritage Park showcases the area's Nordic heritage. Minot State University enhances the city's educational opportunities, and Minot Air Force Base, situated 13 miles north, contributes to the area's economic stability. Downtown Minot preserves its historic architecture while hosting community events throughout the year, including the Norsk Høstfest, North America's largest Scandinavian festival. The city earned its memorable nickname in 1886 during the Great Northern Railway's construction, when the population grew to over 5,000 residents in just five months.
Ice fishing on Lake Audubon
Historic Soo Line steam locomotive on outdoor display in snowy Minot, ND
The Minot water tower
Median Household Income
$68,021
Average: $82,084
Education
10,296
Residents Have a Degree
Job Market
21,582
Workers Employed
Median Age
36 Years
Largest Age Group
25-34 Years
Approximately 16% of Residents
Under 20
25%
Over 65
17%
Housing Distribution
Minot has more homeowners than renters.
Education Distribution
Review this city's overall education levels.
As of May 2026, the average apartment rent in Minot, ND is $648 for a studio, $986 for one bedroom, $1,089 for two bedrooms, and $1,451 for three bedrooms. Apartment rent in Minot has increased by 4.3% in the past year.
The cost of living in Minot, ND is 10.2% lower than the national average. Generally, housing in Minot is 26.1% less expensive than the national average, with rent falling between $648 - $1,451. You can expect to pay 8.5% less for groceries, 17.1% less for utilities, and 2.2% more for transportation.
Compare Cities
Explore how walkable, bikeable, drivable, and transit-friendly Minot, ND is for everyday living.
Somewhat Walkable
Walkability
Very Drivable
Drivability
Fairly Bikeable
Bikeability
Public
Grades PK-5
461 Students
Public
Grades PK-5
412 Students
Public
Grades PK-5
358 Students
Public
Grades PK-5
299 Students
Public
Grades K-5
92 Students
Public
Grades 6-8
840 Students
Public
Grades 6-8
689 Students
South Prairie Elementary School
Public
Grades PK-8
382 Students
Public
Grades 6-12
297 Students
Public
Grades 4-8
210 Students
Public
Grades 9-12
1,085 Students
Public
Grades 9-12
933 Students
Public
Grades 6-12
297 Students
Public
Grades 9-12
151 Students
Minot Public Schools 9-12 Virtual Academy
Public
Grades 9-12
32 Students
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© 2026. All rights reserved.
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.