A North Dakota town is the most expensive place to rent an apartment in the United States

Williston, North Dakota, is the United States’ most expensive place to rent a home. A study, conducted by Apartment Guide, shows that “entry-level apartments” — classified by the study as an apartment with one bedroom, one bathroom, and around 700 square feet of space — in the town had an average monthly charge of $ 2,394 as of December 31st 2013. That price was $ 500 more than the second-most expensive area in the United States to rent, the San Jose, Sunnyvale, and Santa Clara region in California.

Rents are exorbitantly high in Williston — a small town in North Dakota’s north-western corner — because of the region’s booming oil industry. The state has the fastest growing economy of any in the country, and people have been drawn…

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