Residential Apartment Rates Almost Triple In The Past Two Years

Apartments In Williston, ND
Apartments In Williston, ND

It's no secret rental rates have skyrocketed over the past two years in Western North Dakota.

In Williston, residents of a two bedroom apartment have seen their rent go from $850 per month to $2,000 per month.

Almost 500 new units have been permitted, so the hope is prices will come down. Currently, "Fair Market Rent" is considered $1,000 for a two bedroom apartment.

Expensive rent has also driven the low income status range for a single person to $36,000.