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Rental Market Trends in Minot, ND

What is the average rent in Minot, ND?

$968/month

Average Rent

737 Sq Ft

Average Apartment Size

+3.8%

Increase in the Last Year

As of October 2025, the average rent in Minot, ND is $968 per month. This is 41% lower than the national average rent of $1,630/month, making renting in Minot more affordable than most cities in the US. When you rent an apartment in Minot, you can expect to pay about $639 per month for a studio, $968 for a one-bedroom apartment, and around $1,074 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,430 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$639/month
414 Sq Ft
One Bedroom
$968/month
737 Sq Ft
Two Bedroom
$1,074/month
973 Sq Ft
Three Bedroom
$1,430/month
1,356 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$1,563/month
372 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Minot, ND?

In the past year, rent has increased by 3.8%, which averages out to $37 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated October 2025
Legend
2024 2025
Market Trends Over Time

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Minot?

Based on current rent prices, Northeast Minot, Souris Valley and Stonebridge Farms are the most affordable neighborhoods in Minot.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Northeast Minot
$1,072/month
808 Sq Ft
Souris Valley
$1,084/month
810 Sq Ft
Stonebridge Farms
$1,097/month
821 Sq Ft
North Hill
$1,201/month
770 Sq Ft

What are the most expensive neighborhoods in Minot?

Based on current rent prices, North Hill, Stonebridge Farms and Souris Valley are the most expensive neighborhoods in Minot.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
North Hill
$1,201/month
770 Sq Ft
Stonebridge Farms
$1,097/month
821 Sq Ft
Souris Valley
$1,084/month
810 Sq Ft
Northeast Minot
$1,072/month
808 Sq Ft

Which Minot neighborhoods have the most rentals available?

The neighborhoods in Minot with the most apartments available are Souris Valley, Northeast Minot and Stonebridge Farms .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Souris Valley
$1,084/month
810 Sq Ft
Northeast Minot
$1,072/month
808 Sq Ft
Stonebridge Farms
$1,097/month
821 Sq Ft
North Hill
$1,201/month
770 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Minot, ND?

Because the average rent in Minot is $968, you’ll want to make about $3,226 per month or $38,712 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

Cost of Living

The cost of living in Minot, ND is 10.8% lower than the national average. Generally, housing in Minot is 28.0% less expensive than the national average, with rent falling between $639 - $1,430. You can expect to pay 6.6% less for groceries, 17.5% less for utilities, and 2.4% more for transportation.

City

Minot, ND

271 Available Apartments for Rent

Search for Nearby Apartments

How does Minot, ND compare to other nearby cities and neighborhoods?

Use the tool below to compare Minot, ND to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Minot, ND

Apartment Averages

Northeast Minot

Minot, ND

North Hill

Minot, ND

Studio
-
$820/month
One Bedroom
$1,074/month
$879/month
Two Bedroom
$1,115/month
$1,109/month
Three Bedroom
$1,595/month
$1,256/month
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Apartment communities in Minot we think you'll love

North Highlands Apartments

North Highlands Apartments

1220-1250 27th Ave NW,
Minot, ND 58703

$1,215 - $1,955

1-3 Beds

The Pines on 37th

The Pines on 37th

110-150 39th Ave SE,
Minot, ND 58701

$1,000 - $1,275

1-3 Beds

Country Meadows Apartment Homes!!

Country Meadows Apartment Homes!!

2016 33rd St NW,
Minot, ND 58703

$1,145

2 Beds

Minot Place Apartments

Minot Place Apartments

1710 13th St SE,
Minot, ND 58701

$1,130 - $1,730

Studio - 3 Beds

Property Management Companies in Minot, ND

Investors Management and Marketing
Investors Management and Marketing
  • 48

    Communities

  • 5,329

    Units

  • 8

    Cities

19 Communities in Minot
Monarch Investment and Management Group
Monarch Investment and Management Group
  • 311

    Communities

  • 75,994

    Units

  • 143

    Cities

5 Communities in Minot
PRE/3
PRE/3
  • 176

    Communities

  • 13,961

    Units

  • 111

    Cities

1 Community in Minot
Silver Leaf Properties
Silver Leaf Properties
  • 10

    Communities

  • 871

    Units

  • 9

    Cities

1 Community in Minot

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United States North Dakota Minot Rental Trends

Methodology

† 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 September 2025.

* Percentages may not total 100 due to rounding.

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