North Highlands Apartments
1220-1250 27th Ave NW,
Minot, ND 58703
1-3 Beds | $1,375 - $1,840
Rental Market Trends in Minot, ND
What is the average rent in Minot, ND?
$939/month
Average Rent
745 Sq Ft
Average Apartment Size
+4.1%
Increase in the Last Year
As of February 2025, the average rent in Minot, ND is $939 per month. This is 40% lower than the national average rent of $1,557/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 $621 per month for a studio, $939 for a one-bedroom apartment, and around $1,054 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,396 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average 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 4.1%, which averages out to $39 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 February 2025
Legend
2024
2025
Rent Ranges in Minot, ND
Last Updated February 2025
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
24%
Below $700/month
39%
$700 - $1,000/month
35%
$1,001 - $1,500/month
2%
$1,501 - $2,000/month
0%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Minot?
Based on current rent prices, Northeast Minot, Souris Valley and Downtown Minot are the most affordable neighborhoods in Minot.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Minot?
Based on current rent prices, North Dakota Area, North Hill and Downtown Minot are the most expensive neighborhoods in Minot.
Neighborhood
Average Rent
Average Sq Ft
Which Minot neighborhoods have the most rentals available?
The neighborhoods in Minot with the most apartments available are North Dakota Area, Souris Valley and North Hill .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Minot, ND?
Because the average rent in Minot is $939, you’ll want to make about $3,130 per month or $37,560 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 8.6% lower than the national average. Generally, housing in Minot is 24.5% less expensive than the national average, with rent falling between $621 - $1,396. You can expect to pay 7.4% less for groceries, 12.1% less for utilities, and 3.4% more for transportation.
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.
Studio
-
$855/month
One Bedroom
$1,017/month
$961/month
Two Bedroom
$1,143/month
$1,142/month
Three Bedroom
$1,571/month
$1,499/month
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Methodology
† 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.
* Percentages may not total 100 due to rounding.