Nation's Priciest Rents Found in, Er, North Dakota?
Williston, specifically, which is exploding in ND's oil boom
By Newser Editors and Wire Services
Posted Feb 17, 2014 6:09 PM CST
Updated Feb 17, 2014 6:35 PM CST
This Oct. 21, 2011, file photo shows an apartment building under construction in Williston, ND. A national study shows that the North Dakota oil patch city has the country's highest average rent.    (James MacPherson)

(Newser) – The worst place in the nation to be writing out the monthly rent check? Not Manhattan—by a long shot. Rather, the rapidly growing North Dakota oil patch city of Williston has the highest average rent in the United States. A 700-square-foot, one-bedroom apartment in Williston costs an average of $2,394 a month, according to an Apartment Guide study. The same apartment would cost $1,504 in the New York area, $1,411 in the Los Angeles area or $1,537 in the Boston area. Nearby Dickinson, ND, ranks fourth on the list at an average of $1,733 a month. Boston is sixth, New York is seventh, Los Angeles is eighth. Chicago didn't even crack the Top 10.

The population of Williston has more than doubled since 2010, but developers have lagged behind the influx of oil field workers, whose sometimes six-figure salaries can bear inflated rent and have caused a shake-up in housing supply and demand. Williston city officials recently established an Affordable Housing Committee to look at how the community can encourage more developers to build with reasonable rental rates and home prices. "I think they are optimistic the oil boom will be around for the next 20 years because of the different levels of oil they now have access to through fracking," says an Apartment Guide rep. "I just don't know with the weather that many people who are working in the oil fields will stay for more than a couple years."

Copyright 2016 Newser, LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

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Showing 3 of 26 comments
????
Feb 19, 2014 4:15 AM CST
North Dakota and northern states over all are the worst places for men. For some unknown reason northern states have female shortage. Any homely looking woman is in high demand simply by favoring ratios. I believe ND was rated having highest paid hookers.
Lou Bernardo
Feb 18, 2014 10:37 AM CST
As usual the long time residents of ND get shafted by the speculataors and quick buck con artists.
$28919642
Feb 18, 2014 8:45 AM CST
Quonset Huts! Go prefab, all the way!