Rent Tracker
Rent Inflation in Grand Forks, ND
The average asking rent in Grand Forks, ND is $1,160/month as of 2026-08. That is +5.6% compared to a year ago.
Source: Zillow Observed Rent Index (ZORI) | zillow.com/research
Current Avg Rent
$1,160/mo
as of 2026-08
Year-over-Year Change
+5.6%
24-Month Rent Trend
Monthly ZORI index values for Grand Forks, ND.
| Month | Avg Asking Rent | Change from Prior Month |
|---|---|---|
| 2026-08 | $1,160 | +0.61% |
| 2026-07 | $1,153 | -0.52% |
| 2026-06 | $1,159 | +0.70% |
| 2026-05 | $1,151 | +0.61% |
| 2026-04 | $1,144 | +0.79% |
| 2026-03 | $1,135 | +0.98% |
| 2026-02 | $1,124 | +1.44% |
| 2026-01 | $1,108 | +1.37% |
| 2025-12 | $1,093 | -0.36% |
| 2025-11 | $1,097 | -1.08% |
| 2025-10 | $1,109 | -0.36% |
| 2025-09 | $1,113 | +1.27% |
| 2025-08 | $1,099 | +1.01% |
| 2025-07 | $1,088 | +1.12% |
| 2025-06 | $1,076 | +0.37% |
| 2025-05 | $1,072 | +0.66% |
| 2025-04 | $1,065 | +1.04% |
| 2025-03 | $1,054 | +1.15% |
| 2025-02 | $1,042 | +0.77% |
| 2025-01 | $1,034 | +0.39% |
| 2024-12 | $1,030 | +0.39% |
| 2024-11 | $1,026 | +0.00% |
| 2024-10 | $1,026 | -0.29% |
| 2024-09 | $1,029 | — |
Why Rent Inflation Matters
Shelter is the single largest component of the official CPI, accounting for roughly one-third of the index. But the BLS shelter index tends to lag real-market rent changes by 12–18 months because it measures rents paid by all tenants — including long-term renters locked into old leases. ZORI measures asking rents for new leases, making it a timelier signal of where CPI shelter inflation is headed.
When ZORI is rising sharply in your city, it is a leading indicator that official shelter inflation — and therefore overall CPI — will remain elevated in coming months.
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Data Source
Rent data uses the Zillow Observed Rent Index (ZORI), a smoothed measure of typical market-rate asking rents updated monthly by Zillow Research. ZORI covers single-family homes, condos, and co-ops and reflects asking rents for new leases — making it a more timely indicator than the lagged BLS shelter index. zillow.com/research | Money & Prices