Bismarck, ND Rental Market
Bismarck is North Dakota's state capital and an administrative hub for the Bakken oil patch that stretches across western North Dakota into Montana. State government employment, Sanford and CHI St. Alexius hospital systems, and the energy administration industry provide stable, professional-income tenant demand. The Missouri River setting and North Dakota's favorable tax environment — no personal income tax — make Bismarck an attractive destination for business formation and remote workers seeking affordable quality of life.
Get a rent estimate for an address in BismarckAverage Rent in Bismarck, ND
$1,080
per month · 2026-06
Market Score
Key Facts — Bismarck, ND Rental Market
- Average rent in Bismarck, ND:$1,080/mo
- Median rent:$994/mo
- Rent range:$550 – $2,400/mo
- Most common rental (2 bedrooms):$950/mo
- Active listings:480
- Avg days to lease:33 days
- Year-over-year change:+2.8%
- Median home value:$230,000
- Est. gross annual yield:5.6%
- Data as of:2026-06
Rent by Bedroom in Bismarck, ND
Average monthly rent for each bedroom type based on current active listings in Bismarck.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $775/mo |
2 Bedrooms | $950/mo |
3 Bedrooms | $1,225/mo |
4 Bedrooms | $1,500/mo |
5 Bedrooms | $1,700/mo |
Bismarck Rental Market Statistics
Key indicators from the current Bismarck, ND rental market.
480
Available now in Bismarck
33
From list to lease
$0.85
Average across listings
1,275 sq ft
Typical rental size
$550 – $2,400
Min to max active listings
+2.8%
Avg rent vs. prior year
Investing in Bismarck, ND Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$230,000
Typical purchase price in Bismarck
Est. Gross Annual Yield
5.6%
Before expenses & vacancy
Avg Monthly Income
$1,080
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Bismarck for a full cash-flow breakdown including all costs.
Bismarck, ND Rental Market FAQ
Common questions about renting and investing in Bismarck, ND.
What is the average rent in Bismarck, ND?
The average rent in Bismarck, ND is $1,080 per month as of 2026. One-bedroom apartments average $775/mo, two-bedrooms average $950/mo, and three-bedroom homes average $1,225/mo. Downtown Bismarck and the south side near major healthcare campuses see consistent demand from government employees, healthcare workers, and energy industry professionals.
Is Bismarck, ND a good place to invest in rental property?
Bismarck offers a 5.6% estimated gross annual yield with steady 2.8% year-over-year rent growth. State government employment provides a counter-cyclical anchor — public sector jobs remain stable even when oil prices fluctuate. North Dakota's lack of a personal income tax benefits both residents and investors, and the city's growing healthcare sector adds economic diversification beyond energy and government.
How competitive is the Bismarck, ND rental market?
Bismarck has approximately 480 active listings and averages 33 days on market — a moderate pace reflecting a stable, government-anchored economy. Demand is most consistent near the state capitol complex, the two hospital systems, and newer residential developments on the south side. The market tends to be less volatile than oil-patch cities like Williston, making it a more predictable environment for landlords.
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