Last updated
Average Rent in Grand Forks 58203 & Rent Trends
Rent prices and market trends across 2 apartment communities in Grand Forks 58203, Grand Forks, ND. Updated daily.
Market Average
$1,367/mo
Lowest Available
$725/mo
cheapest unit on market
Communities
2
tracked daily
Units Listed
49
available now
Rent Watch: cuts and increases
Open Rent Watch →See current options while we confirm new price comparisons. Filter by bedrooms and budget, then inspect each building’s history.
Grand Forks 58203 vs Grand Forks, ND Average
Grand Forks 58203 is cheaper than the Grand Forks, ND average by $103/mo (7%). The citywide average is $1,470/mo across all neighborhoods.
Is Rent Going Up or Down in Grand Forks 58203?
As of October 2026, the average rent in Grand Forks 58203 is $1,367 per month across 2 apartment communities and 49 available units.
The most affordable option is The Current starting at $725/mo. By unit type, a studio averages $1,045/mo, a 1-bedroom averages $1,377/mo, a 2-bedroom averages $1,787/mo, a 3-bedroom averages $2,245/mo.
Prices range from $725 to $2,295 per month. The most common price point is the $1,200 range, where 15 units are currently listed.
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Grand Forks 58203
Rent Prices by Apartment in Grand Forks 58203
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| The Current | $725/mo | $1,023/mo | 19 | 3.7 |
| Franklin on 4th | $1,000/mo | $1,586/mo | 30 | 4.1 |
Frequently Asked Questions About Rent in Grand Forks 58203
What is the average rent in Grand Forks 58203?
Is rent going up or down in Grand Forks 58203?
What is the cheapest apartment in Grand Forks 58203?
How much is a 1-bedroom apartment in Grand Forks 58203?
How many apartments are available in Grand Forks 58203?
What salary do I need to live comfortably in Grand Forks 58203?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$55,000/year
Based on the 30 percent rule, using our tracked average rent of $1,367/mo.
Comfortable income
$66,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($725/mo), you need to earn at least $29,000/year.
Median household income in Grand Forks 58203 is $63,838 , about 3% below the comfortable-living threshold.
Cost of living in Grand Forks 58203
Overall prices in Grand Forks 58203 runs below the national average by about 14% (BEA Regional Price Parity index 85.9, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Grand Forks 58203's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,367 |
| Utilities | $248 |
| Groceries | $524 |
| Transportation | $591 |
| Healthcare | $288 |
| Other goods and services | $461 |
| Estimated total | $3,479/mo |
Population
58,882
Median household income
$63,838
Census median rent
$958/mo
Census rent burden
27.7%
Median age
29.4
Mean commute
15 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Google Search Trends for Grand Forks 58203 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Grand Forks 58203 Apartments
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