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RentData.org Logo Grand Forks Fair Market Rent FY 2024 Grand Forks, ND-MN MSA Rental Data

Fair Market Rent Prices in Grand Forks, MN :
$731 $736 $929 $1,309 $1,577
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 Grand Forks are average compared to the national average. This FMR area is more expensive than 64% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Grand Forks is $929 per month.

The previous year, rent for a two-bedroom home was $890 per month. This is a 4.38% increase year-over-year.

This FMR rate applies to Beltrami, MN, Climax, MN, Gully, MN, Trail, MN, Euclid, MN, Oklee, MN, Mentor, MN, Fisher, MN, Mcintosh, MN, Erskine, MN and other cities within the region. The Metro Code or CBSA code for this region is METRO24220M24220.

Additionally, This Fair Market Rent (FMR) area Grand Forks, ND-MN MSA spans one county or city in Minnesota which is listed in the table below. Estimated population of Grand Forks, ND-MN MSA FMR area is 31,384 people based on latest Census data.

Compared to the rest of Minnesota, the Grand Forks FMR area is more expensive than 62% of the state.

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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 Grand Forks. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Grand Forks

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 $ 790
1-BR 1-Bedroom $ 795
2-BR 2-Bedroom $ 1004
3-BR 3-Bedroom $ 1415
4-BR 4-Bedroom $ 1704
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

There is just one county (listed below) within the Grand Forks, ND-MN MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Fargo - Valley City.

County / Region Est. Population
Grand Forks, MN Metro 31,384
Zip Codes in Grand Forks, ND-MN MSA

There are 12 unique zip codes in this Fair Market Rent (FMR) area:

56517, 56523, 56535, 56556, 56646, 56684, 56716, 56721, 56722, 56723, 56736 and 56742

Lookup Fair Market Rent by Zip Code

What's Next?

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