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RentData.org Logo Bismarck Fair Market Rent FY 2023 Bismarck, ND MSA Rental Data

Fair Market Rent Prices in Bismarck, ND :
$719 $814 $928 $1,319 $1,580
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Bismarck are high compared to the national average. This FMR area is more expensive than 78% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Bismarck is $928 per month.

The previous year, rent for a two-bedroom home was $880 per month. This is a 5.45% increase year-over-year.

This FMR rate applies to Regan, ND, Wing, ND, Braddock, ND, Driscoll, ND, Moffit, ND, Sterling, ND, Baldwin, ND, Menoken, ND, Wilton, ND, Bismarck, ND and other cities within the region. The Metro Code or CBSA code for this region is METRO13900M13900.

Additionally, This Fair Market Rent (FMR) area Bismarck, ND MSA spans one county or city in North Dakota which is listed in the table below. Estimated population of Bismarck, ND MSA FMR area is 95,509 people based on latest Census data.

Compared to the rest of North Dakota, the Bismarck FMR area is more expensive than 86% of the state.

North Dakota Rents Map

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Bismarck. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Bismarck

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 764
1-BR 1-Bedroom $ 865
2-BR 2-Bedroom $ 986
3-BR 3-Bedroom $ 1401
4-BR 4-Bedroom $ 1679
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2022 2023 2024 2025

There is just one county (listed below) within the Bismarck, ND MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Minot - Bismarck - Dickinson.

County / Region Est. Population
Bismarck, ND Metro 95,509
Zip Codes in Bismarck, ND MSA

There are 16 unique zip codes in this Fair Market Rent (FMR) area:

58477, 58494, 58501, 58502, 58503, 58504, 58505, 58506, 58507, 58521, 58524, 58532, 58558, 58560, 58572 and 58579

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What's Next?

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