Minot, ND Rental Market
Minot is anchored by Minot Air Force Base, home to the 5th Bomb Wing (B-52 Stratofortresses) and a key node in the US nuclear triad, as well as Minot State University. The base employs thousands of military personnel and civilian contractors who generate consistent BAH-backed rental demand. The city also serves as a regional trade center for the surrounding Bakken oil-patch area, adding energy sector rental demand during periods of high crude prices.
Get a rent estimate for an address in MinotAverage Rent in Minot, ND
$950
per month · 2026-06
Market Score
Key Facts — Minot, ND Rental Market
- Average rent in Minot, ND:$950/mo
- Median rent:$874/mo
- Rent range:$475 – $2,100/mo
- Most common rental (2 bedrooms):$850/mo
- Active listings:280
- Avg days to lease:38 days
- Year-over-year change:+2.2%
- Median home value:$190,000
- Est. gross annual yield:6.0%
- Data as of:2026-06
Rent by Bedroom in Minot, ND
Average monthly rent for each bedroom type based on current active listings in Minot.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $675/mo |
2 Bedrooms | $850/mo |
3 Bedrooms | $1,075/mo |
4 Bedrooms | $1,300/mo |
5 Bedrooms | $1,500/mo |
Minot Rental Market Statistics
Key indicators from the current Minot, ND rental market.
280
Available now in Minot
38
From list to lease
$0.76
Average across listings
1,250 sq ft
Typical rental size
$475 – $2,100
Min to max active listings
+2.2%
Avg rent vs. prior year
Investing in Minot, ND Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$190,000
Typical purchase price in Minot
Est. Gross Annual Yield
6.0%
Before expenses & vacancy
Avg Monthly Income
$950
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 Minot for a full cash-flow breakdown including all costs.
Minot, ND Rental Market FAQ
Common questions about renting and investing in Minot, ND.
What is the average rent in Minot, ND?
The average rent in Minot, ND is $950 per month as of 2026. One-bedroom apartments average $675/mo, two-bedrooms average $850/mo, and three-bedroom homes average $1,075/mo. Properties near Minot AFB on the north side of the city and along the Highway 2 corridor see the most active military and contractor demand.
Is Minot, ND a good place to invest in rental property?
Minot offers a 6.0% estimated gross annual yield with median home values near $190,000. Minot AFB's thousands of military personnel provide BAH-backed rental demand that is insulated from local economic cycles — an important stability factor in a market that also experiences cyclical oil-sector swings. Investors should understand the military PCS cycle and price units to align with BAH rates for common enlisted and officer ranks.
How competitive is the Minot, ND rental market?
Minot has approximately 280 active listings and averages 38 days on market — a measured pace typical of a smaller military and regional trade city. The summer PCS season generates the strongest demand spike as military families relocate to and from Minot AFB. Properties near the base gate and in established family neighborhoods in the northwest quadrant of the city perform most consistently throughout the year.
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