Rents are right about where Minot's 10-year trend predicts.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,269 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
February. Asking rents in Minot usually run 1.2% below trend in February and 1.4% above it in July, about $33 a month apart at today's median. Based on 5 years of data.
Rent in Minot is at its highest level since Zillow's records here began in March 2021.
Rent has risen 9 months in a row, and rose in 11 of the last 12 months.
30% of the median household income ($73,219) is $1,830 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,635).
From Zillow's monthly rent index (ZORI) for Minot. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Minot, ND has changed in 5 years
The median rent in Minot, ND stood at $967 in 2021 and currently runs about $1,269, reflecting a 31.2% 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.
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Can you afford rent in Minot on your salary?
At $1,269/mo, how Minot rent compares to typical pay (30% rule).
Minot rent by bedroom count
Median rent for each apartment size in Minot. Click any size for full breakdown.
Tips for renters in Minot
Last updated: October 17, 2026
The median rent in Minot is $1,269/mo as of October 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 21% of local median household income ($73,219/yr), Minot ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.5% over the past year.
Frequently asked questions
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Which nearby cities are cheaper to rent in than Minot?
At $1,269/mo, rent takes ~21% of Minot's median household income ($73,219/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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