Starting at $750 Per Month
- 2 - 3 Beds
300 27th Ave NW, Minot, ND 58703
Newly renovated project in 2025.
Park Place North
(833) 698-0835
Frequently Asked Questions
How much does it cost to rent a home in Minot, ND?
The median rent for a home in Minot, ND is $1,420 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Minot, ND?
To comfortably afford the median rent in Minot, ND, a household needs to earn roughly $56,800 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,420 per month in Minot, ND, renters typically need to show $4,260 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Minot, ND?
In Minot, ND, the price-to-rent ratio is 17.0, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
