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Note: Grand Forks, ND-MN MSA spans 2 states: Minnesota and North Dakota. Only one of the states will be shown in the map below. Logo Grand Forks Fair Market Rent FY 2020 Grand Forks, ND-MN MSA Rental Data

Fair Market Rent Prices in Grand Forks, MN :
$570 $650 $832 $1,200 $1,461
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 high compared to the national average. This FMR area is more expensive than 80% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Grand Forks is $832 per month.

The previous year, rent for a two-bedroom home was $870 per month. This is a 4.37% decrease year-over-year.

This FMR rate applies to Beltrami, MN, Climax, MN, Arvilla, ND, Gilby, ND, Gully, MN, Trail, MN, Aneta, ND, Euclid, MN, Fordville, ND, Forest River, ND 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 two counties or cities in Minnesota and North Dakota which ares listed in the table below. Estimated population of Grand Forks, ND-MN MSA FMR area is 101,695 people based on latest Census data.

Compared to the rest of Minnesota, the Grand Forks FMR area is more expensive than 90% of the state.

Minnesota 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 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 $ 606
1-BR 1-Bedroom $ 691
2-BR 2-Bedroom $ 885
3-BR 3-Bedroom $ 1277
4-BR 4-Bedroom $ 1554
Change Year:

The counties, cities, towns, and regions listed below fall into the Grand Forks, ND-MN MSA FMR area and have the same Fair Market Rent prices which are listed above. This FMR area covers one metro area: Fargo - Valley City.

County / Region Est. Population
Polk County, MN Metro 31,565
Grand Forks County, ND Metro 70,130
Zip Codes in Grand Forks, ND-MN MSA

There are 36 unique zip codes in this Fair Market Rent (FMR) area:

56517, 56523, 56535, 56556, 56646, 56684, 56716, 56721, 56722, 56723, 56736, 56742, 58201, 58202, 58203, 58204, 58205, 58206, 58207, 58208, 58212, 58214, 58228, 58231, 58233, 58235, 58240, 58244, 58251, 58256, 58258, 58261, 58266, 58267, 58275 and 58278

Lookup Fair Market Rent by Zip Code
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