RentDataNowRentDataNow
ZIP Code · ND

ZIP 58703

Part of Minot, ND
Pop. 22,139·Ward County·10th most expensive ZIP in North Dakota
Median rent (all units)
$1,229/mo
Year-over-Year
+6.3%
Month-over-Month
+0.7%
vs US Median
-$703
Reported rents
Rising (Monthly)
Be the first to discuss 58703 rents ↓
Most AffordableMost Expensive
ZIP 58703 · $1,229
More affordable than 90% of US ZIP codes · National median $1,932/mo
Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio
$800
1 BR
$960
2 BR
$1,160
3 BR
$1,610
4 BR+
$1,950
Research median
$1,160/mo

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

Rent trends

12-month history

Loading…

Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

December. Asking rents in ZIP 58703 usually run 1.3% below trend in December and 1.4% above it in July, about $33 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 58703 is at its highest level since Zillow's records here began in March 2021.

Past year vs. the rest of North Dakota

Rent in ZIP 58703 changed +6.3% over the year to September 2026. Across the 15 North Dakota ZIP codes Zillow tracks, the typical change was +4.8%.

Recent direction

Rent has risen 9 months in a row, and rose in 11 of the last 12 months.

What a typical income covers

30% of the median household income ($82,728) is $2,068 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,950).

From Zillow's monthly rent index (ZORI) for ZIP 58703. 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.

Annual cost
$14,748/yr
At $1,229/mo median
Location
CityMinot
StateND
CountyWard County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 6.3% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+6.3% YoY, +0.7% MoM), not inventory.
Demographics

Who lives here

ZIP 58703 (Minot, ND) is majority owner-occupied, skews toward younger working-age adults, 33.3% of residents hold a bachelor's degree or higher.

Population
22,139
Median income
$82,728
Median age
33.3
Renters
39%
Age distribution
21.4%
32.4%
23.9%
12.6%
Under 1821.4%
18–3432.4%
35–5423.9%
55–649.7%
65+12.6%
Gender
54.2%
45.8%
Male54.2%
Female45.8%
Race & ethnicity
79.7%
White79.7%
Black6.3%
Hispanic8.9%
Asian1.4%
Other3.6%
Education (25+)
26.9%
34.3%
33.3%
No HS diploma5.5%
HS diploma26.9%
Some college34.3%
Bachelor's+33.3%
Housing tenure
61%
39%
Owner61%
Renter39%

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

2022 vs 2026

How ZIP 58703 in Minot, ND has changed in 5 years

Rent
$937 → $1,229
up 31.2%
Income
$74,087 → $82,728
up 11.7%
Population
22,189 → 22,139
down 0.2%
Renter share
40.5% → 39%
-1.5 pts
Bachelor's+
34.2% → 33.3%
-0.9 pts
Median age
32.1 → 33.3
+1.2 yrs

Compared with 2022, rent in ZIP 58703 in Minot, ND has climbed by $292 per month, settling near $1,229 after starting the period at $937. On the earnings side, the typical household in ZIP 58703 in Minot, ND now reports about $82,728, up from $74,087 in 2021. Rent outpaced income growth by roughly 19.5 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. About 39% of households rent today, against 40.5% in 2021. For context, the 2022 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 58703 in Minot, ND reflects that arc in its own way.

Community

Discussions about ZIP 58703

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 58703

About renting in ZIP 58703

Last updated: October 17, 2026

ZIP code 58703 covers Minot, ND. The median rent here is $1,229/mo as of October 2026. A 1-bedroom rents for a median of $960/mo. A 2-bedroom rents for a median of $1,160/mo.

At 18% of local median household income ($82,728/yr), ZIP 58703 ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 58703?

To keep rent at or below 30% of gross income, you would need to earn at least $49,000/year (about $24/hour full-time) to afford the median rent of $1,229/mo in ZIP 58703. The local median household income is $82,728/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 58703?

Rent in ZIP 58703 has risen 6.3% over the past year as of September 2026. That is the highest level since Zillow's records here began in March 2021.

When is the cheapest time to rent in ZIP 58703?

Asking rents in ZIP 58703 are usually lowest in December, about 1.3% below their yearly trend, and highest in July, about 1.4% above it. At today's median that is a gap of roughly $33 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 58703 compare to other ZIPs in North Dakota?

ZIP 58703 is in the middle among North Dakota ZIP codes for rent, ranking #10 of 17 at $1,229/mo. Over the year to September 2026, rent in ZIP 58703 changed +6.3%, against a typical +4.8% across the 15 North Dakota ZIP codes Zillow tracks.

How does ZIP 58703 compare to the rest of Minot?

At $1,229/mo, ZIP 58703 is $40 below the Minot citywide median of $1,269/mo.
Income Affordability
18%
VERY AFFORDABLE

At $1,229/mo, rent takes ~18% of ZIP 58703's median household income ($82,728/yr). The standard benchmark is 30%.

ZIP 58703 18%Benchmark 30%
State income tax1.1–2.5%
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Schools nearby

Public schools near ZIP 58703 (Minot, ND)

Recent submissions

Be the first to submit your rent for this ZIP.

Recent discussions

No discussions yet.