Downtown Grand Forks renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Downtown Grand Forks is about $767 per month. This puts it in the 17th percentile compared to the city average cost of rent, which is $925. Households in Downtown Grand Forks have a median income of $4,412 per month so the average renter in Downtown Grand Forks is spending roughly 17% of their earnings on housing.
Nationally, and in Downtown Grand Forks, home values are the data point most closely correlated with the cost of rent. The median price of a home in Downtown Grand Forks is $185,080 right now, which is lower than nearby neighborhoods, meaning that rents in Downtown Grand Forks also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the central parts of Downtown Grand Forks while lower rent rates are often available in northern areas.
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