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City Report · ND

Minot

Pop. 47,791·8th most expensive in North Dakota·Minot rents are up 19.3% over the past year
Median rent (all units)
$1,143/mo
Year-over-Year
+19.3%
Month-over-Month
+5.3%
vs US Median
-$822
Rising (Monthly)
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Most AffordableMost Expensive
Minot · $1,143
More affordable than 94% of US cities · National median $1,965/mo
Rent Reality Score
27/100
Overpriced
OverheatedFairGreat value

Rents are 11% above what Minot's 10-year trend predicts — running hotter than its own history.

Actual rent
$1,143/mo
Expected by trend
$1,027/mo
The Rent Reality Score compares today's median rent to where Minot's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$680
1 BR
$755
2 BR
$975
3 BR
$1,365
4 BR+
$1,635
Research median
$975/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$13,716/yr
At $1,143/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 19.3% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+19.3% YoY, +5.3% MoM), not inventory.
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Demographics

Who lives here

Minot, ND is majority owner-occupied, skews toward younger working-age adults, 29.7% of residents hold a bachelor's degree or higher.

Population
47,791
Median income
$73,219
Median age
33.5
Renters
43.3%
Age distribution
21.9%
30.9%
22.4%
14.3%
Under 1821.9%
18–3430.9%
35–5422.4%
55–6410.5%
65+14.3%
Gender
52.2%
47.8%
Male52.2%
Female47.8%
Race & ethnicity
79.5%
White79.5%
Black5.5%
Hispanic7.9%
Asian2.1%
Other4.9%
Education (25+)
29.5%
35.1%
29.7%
No HS diploma5.7%
HS diploma29.5%
Some college35.1%
Bachelor's+29.7%
Housing tenure
56.7%
43.3%
Owner56.7%
Renter43.3%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Minot, ND has changed in 5 years

Rent
$802 → $1,143
up 42.5%
Income
$68,543 → $73,219
up 6.8%
Population
48,005 → 47,791
down 0.4%
Renter share
44.7% → 43.3%
-1.4 pts
Bachelor's+
30.3% → 29.7%
-0.6 pts
Median age
32.5 → 33.5
+1.0 yrs

The median rent in Minot, ND stood at $802 in 2021 and currently runs about $1,143, reflecting a 42.5% increase over the period. Median household income rose from $68,543 to $73,219 between 2021 and 2024, a 6.8% shift. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. Taken together, the five-year picture in Minot, ND reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

Community

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View Minot rent history (2015–2026) →
Salary vs rent

Can you afford rent in Minot on your salary?

At $1,143/mo, how Minot rent compares to typical pay (30% rule).

By apartment size

Minot rent by bedroom count

Median rent for each apartment size in Minot. Click any size for full breakdown.

Local insights

Tips for renters in Minot

About renting in Minot, ND

Last updated: July 20, 2026

The median rent in Minot is $1,143/mo as of July 2026. A studio apartment averages $680/mo while a 2-bedroom runs $975/mo. One-bedroom apartments average $755/mo and 3-bedroom units go for $1,365/mo.

At 19% of local median household income ($73,219/yr), Minot ranks as affordable compared to the national benchmark of 30%. Rents have increased 19.3% over the past year.

FAQ

Frequently asked questions

Is Minot an affordable city for renters?

Minot is considered very affordable for renters. At $1,143/mo, rent takes approximately 19% of the local median household income ($73,219/yr). The standard benchmark is 30%. Minot falls comfortably within that range.

How much income do you need to rent in Minot?

To keep rent at or below 30% of gross income, you would need to earn at least $46,000/year (~$22/hour full-time) to afford the median rent of $1,143/mo in Minot. The local median household income is $73,219/yr, meaning the typical Minot household meets that threshold.

Is rent going up or down in Minot?

Rent in Minot has increased 19.3% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Minot neighborhoods have the lowest rent?

The most affordable ZIP codes in Minot are 58703 ($1,140/mo), and 58701 ($1,151/mo). Citywide, the median rent in Minot is $1,143/mo.

How does Minot rent compare to other cities in North Dakota?

Minot is one of the more affordable cities in North Dakota for rent, ranking #8 out of 11 tracked cities at $1,143/mo.

What percentage of Minot residents rent vs. own?

According to Census data, approximately 43.3% of Minot households are renters, while 56.7% are owner-occupied. Minot leans toward homeownership, which can mean a smaller rental inventory.

How does Minot rent compare to the national average?

Minot's median rent of $1,143/mo is $822 (42%) below the US national median of $1,965/mo. Within North Dakota, it ranks #8 out of 11 tracked cities.
Income Affordability
19%
VERY AFFORDABLE

At $1,143/mo, rent takes ~19% of Minot's median household income ($73,219/yr). The standard benchmark is 30%.

Minot 19%Benchmark 30%
State income tax1.1–2.5%
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Lowest-rent ZIP codes in Minot
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Minot, ND

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