Those who are in the market to rent or renew a lease might come across some rate increases from what is was just three months ago
.Property managers in Minot say summer is usually their busiest time.
The surge in oil prices has also brought up the demand for housing.
They say that in just three months occupancy has improved dramatically and with property taxes increasing raising rates is something they must do.
“and this has been caused as result of the increased activity on the base and we all know the beginning of the Trinity project as well as some major construction projects and also the flood control that are currently underway,” said property manager Doug Pfau.
Renters can expect rental rates to increase as high as five percent.