Grand Forks, ND Rental Market
Grand Forks is a university and military city anchored by the University of North Dakota — the state's oldest and largest university with 14,000 students — and Grand Forks Air Force Base, home to the 319th Air Base Wing. The UND School of Medicine and the growing unmanned aerial systems (drone) research corridor supported by the Air Force base have given Grand Forks a tech-adjacent economic identity that provides stable, diverse rental demand across student, military, and professional tenant categories.
Get a rent estimate for an address in Grand ForksAverage Rent in Grand Forks, ND
$980
per month · 2026-06
Market Score
Key Facts — Grand Forks, ND Rental Market
- Average rent in Grand Forks, ND:$980/mo
- Median rent:$902/mo
- Rent range:$500 – $2,150/mo
- Most common rental (2 bedrooms):$875/mo
- Active listings:320
- Avg days to lease:36 days
- Year-over-year change:+2.5%
- Median home value:$195,000
- Est. gross annual yield:6.0%
- Data as of:2026-06
Rent by Bedroom in Grand Forks, ND
Average monthly rent for each bedroom type based on current active listings in Grand Forks.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $700/mo |
2 Bedrooms | $875/mo |
3 Bedrooms | $1,100/mo |
4 Bedrooms | $1,350/mo |
5 Bedrooms | $1,550/mo |
Grand Forks Rental Market Statistics
Key indicators from the current Grand Forks, ND rental market.
320
Available now in Grand Forks
36
From list to lease
$0.78
Average across listings
1,250 sq ft
Typical rental size
$500 – $2,150
Min to max active listings
+2.5%
Avg rent vs. prior year
Investing in Grand Forks, ND Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$195,000
Typical purchase price in Grand Forks
Est. Gross Annual Yield
6.0%
Before expenses & vacancy
Avg Monthly Income
$980
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 Grand Forks for a full cash-flow breakdown including all costs.
Grand Forks, ND Rental Market FAQ
Common questions about renting and investing in Grand Forks, ND.
What is the average rent in Grand Forks, ND?
The average rent in Grand Forks, ND is $980 per month as of 2026. One-bedroom apartments average $700/mo, two-bedrooms average $875/mo, and three-bedroom homes average $1,100/mo. Neighborhoods near the University of North Dakota campus and the Columbia Road retail and medical corridor see the most consistent rental activity.
Is Grand Forks, ND a good place to invest in rental property?
Grand Forks offers a 6.0% estimated gross annual yield with median home values near $195,000. The University of North Dakota's 14,000 students and Grand Forks AFB personnel provide two reliable demand streams with different leasing patterns. UND's growing medical school and drone research programs are gradually attracting tech-sector investment that supports long-term economic growth.
How competitive is the Grand Forks, ND rental market?
Grand Forks has approximately 320 active listings and averages 36 days on market. Properties near the UND campus fill fastest at the start of each academic year, while units near Grand Forks AFB absorb consistently through summer PCS season. The overall market is smaller and steadier than Fargo but offers reliable occupancy from its two institutional anchors.
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