Residential Apartment Rates Almost Triple In The Past Two Years
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.