The cost of living in North Dakota is affordable compared to many other states. The sparsely populated state is located in the upper Midwestern United States, and Native Americans from the Lakota and Dakota Sioux tribes played an important role in naming the state. North Dakota has vast natural resources, which translates into strong economic performance that helps the state achieve the second lowest unemployment rate in the country.
Most cost of living indexes, such as food, groceries, transportation, and health care, fall below the national average of 100, with an overall index of 94, making costs less. expensive by about 6% in North Dakota than in other states. With the low cost of living in North Dakota, many renters in the United States may consider moving here.
How much does an apartment cost in North Dakota?
Bismarck, the capital of North Dakota, has the highest cost of living compared to other cities, like Fargo. The value of an apartment in Bismarck depends on your household income, location of the apartment, amenities, accessibility and other factors.
In the list below, you can find the rental range of various apartments in North Dakota:
- Studios range from $ 550 on the low side to $ 1,000 on the high side for an average apartment size of 387 square feet
- One-bedroom apartments range from $ 772 to $ 1,454 for an average apartment size of 630 square feet
- Two-bedroom apartments range from $ 893 to $ 2,180 for an average apartment size of 837 square feet
- Three-bedroom apartments range from $ 1,144 to $ 2,700 for an average apartment size of 1,133 square feet
The center of Bismarck has some of the more expensive places to rent. You can expect to pay above the ranges on this list for more luxurious units, even though the cost of living in North Dakota is about 3% lower than the national average.
How Do I Find Cheap Apartments in North Dakota?
When looking for a cheap apartment to rent, you want a unit that is worth the money spent, even if the cost is low. Cooperstown offers affordable apartment options that can lower your cost of living in North Dakota. Cooperstown offers a median rent of $ 446 per month for a studio, but you can expect to pay a little more to rent a self-catering home with bedrooms. However, the price is still lower than the national average.
Fortunately, Cooperstown isn’t the only neighborhood with cheap apartments. Explore the following tips and factors to consider when finding affordable apartments in North Dakota, regardless of their location:
- Set your preferences: Knowing what works for you can affect the price range of the inexpensive apartment you desire. Factors such as travel time or a pet policy can affect the price of an apartment.
- Get a roommate: You can post a roommate ad on a local website and various online platforms to find someone willing to share the rental costs with you.
- Take a walk in the neighborhood: If you’re already in North Dakota, consider visiting the area to see what the neighborhood is like. A neighborhood walk can help you assess the demographics of a community and assess potential neighbors. Discovering the flavor of a neighborhood in person can also give you vital details that a simple list or description online may not be able to provide.
- Negotiate the rent: Many tenants are unaware that they can negotiate rental prices with landlords. In sparsely populated areas, owners may be open to negotiations because some of their units may have remained vacant throughout the year. Schedule a meeting with your potential landlord to discuss your proposal, and if your negotiation is successful, get the agreement in writing.
- Think about transportation: If you rent an apartment outside of the city, expect to pay more transportation costs in the form of cash or bus passes. In urban areas, you can keep travel costs to a minimum, but the rent goes up. Therefore, if your profession requires you to be close to the city, consider a studio. However, you can opt for a larger unit if you work remotely or rarely visit your office.
Browse apartments for rent in North Dakota
What’s the cheapest rent in North Dakota?
There are many factors that affect the price of an apartment in North Dakota. For example, neighborhoods with traditional or older homes tend to have cheaper rent rates than modern neighborhoods. Since the cost of living in North Dakota is more reasonable than in other states, you can get an affordable apartment without compromising on some of the necessities.
Renting in Fargo, which is the cheapest city, is affordable even by North Dakota standards, with the majority of renters paying less than $ 400 for studios. Although the rent has risen steadily over the past few years, you might still consider the prices cheap. Renting a one-bedroom apartment costs around $ 677, with the price staying the same in recent years. Renters can expect to pay around $ 755 for a two-bedroom apartment as the cost of living in the United States increases, according to a CBS News report. Expect to pay over $ 1,195 for a three-bedroom apartment, factoring in the inflation rate of around 6%.
Downtowns and the outskirts of cities are generally the cheapest places, with owners charging fewer amounts per month. The cost of living in North Dakota is also reasonable in its major cities compared to other states. With these tips, you can find cheap apartments in North Dakota without compromising your quality of life.