Zumper
modified
12 Hours Ago

Highlights

  • Downtown location
  • Utilities included
  • Maintenance on call
  • Kitchen appliances
  • Pet friendly
  • Elevator in building

Location

2 S 3rd St, Grand Forks, ND 58201, USA
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Contact

Management

Omega Properties, LLC

Leasing office

(701) 317-3091

Property Overview

Waterfront Apartments I holds a strong Zumper Expert Rating of 8.5, reflecting its appeal as an excellent rental option. With a competitive price rating of 10 and impressive amenities and location ratings of 9, the property offers exceptional value in downtown living. Notable features include included utilities, an elevator, and pet-friendly policies, complemented by transparency in its management, ensuring a reliable rental experience.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.5
Very Good
With a solid 8.5 out of 10 overall, Waterfront Apartments I is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Waterfront Apartments I has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • High school nearby
  • Elevator

Floor plans

1BR/1.0BA1 bed1 bath$625 /mo1 unit availableThis unique building is located in the heart of the fast growing downtown. Being only a couple blocks from some of the best businesses and events in town, you won’t have to worry about finding things to do or places to work. Pet Friendly Utilities Included - Water, Sewer, and Garbage Kitchen Appliances - Fridge, Microwave, Oven, and Stove Secured Building Maintenance on call 24/7 FICO credit score of 640 required (Co-signers accepted)

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Amenities for Waterfront Apartments I

Apartment Amenities

Utilities Included

Building

Controlled AccessElevator
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property
Building details

Property details

Units5
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About Waterfront Apartments I

HomeApartments in Grand Forks Waterfront Apartments I

This unique building is located in the heart of the fast growing downtown. Being only a couple blocks from some of the best businesses and events in town, you won’t have to worry about finding things to do or places to work. Pet Friendly Utilities Included - Water, Sewer, and Garbage Kitchen Appliances - Fridge, Microwave, Oven, and Stove Secured Building Maintenance on call 24/7 FICO credit score of 640 required (Co-signers accepted)


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.5
/10
Very Good
With a solid 8.5 out of 10 overall, Waterfront Apartments I is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Waterfront Apartments I has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated Waterfront Apartments I
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Waterfront Apartments I offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·9A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
Waterfront Apartments I goes above and beyond to provide sought-after conveniences and desirable perks, including controlled access. Renters looking for popular or luxurious features will find them here—and for that reason, Waterfront Apartments I receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Waterfront Apartments I is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While Waterfront Apartments I does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
Waterfront Apartments I provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How Waterfront Apartments I compares to other nearby properties.

Positives

High school nearby
There is a high school 0.1 mile away
Elevator
Improved accessibility features

Considerations

Lacks images
Fewer than 10 photos available for this location
No laundry facilities available
This property doesn't offer on-site or in-unit washers and dryers

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Rent trends in Grand Forks

1-bedroom apartments at Waterfront Apartments I cost about 35% less than the average rent price for 1-bedroom apartments in Grand Forks.

Median rents as of Jun 27 2026.
Grand Forks
A table of studio rental data trends in Grand Forks
MonthMedian Rent
July 2024$561
August 2024$783
September 2024$888
October 2024$859
November 2024$793
December 2024$806
January 2025$779
February 2025$635
March 2025$592
April 2025$574
May 2025$567
June 2025$582
July 2025$919
August 2025$851
September 2025$951
October 2025$1,087
November 2025$1,080
December 2025$1,082
January 2026$1,035
February 2026$1,081
March 2026$1,078
April 2026$1,064
May 2026$856
June 2026$731

Affordability calculator

Can I afford to live at 2 S 3rd St?

Bedrooms

1 bedroom

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$25,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $25,000 annually to afford this 1-bedroom monthly rent price of $625.
For more information on rent affordability, visit our rent calculator.

Schools near Waterfront Apartments I

Wilder Elementary School

1009 n 3rd st

grand forks, ND, 58203

PK, K-5Public
B-

Manvel Elementary School

801 oldham ave

manvel, ND, 58256

PK, K-8Public
B
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Internet available near Waterfront Apartments I

Getting around Grand Forks near 2 S 3rd St

Walking

5/10
Some shops and stores are within a few minutes.

Driving

9/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

8/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

3/10
There are a few mass transit options within the area.

Points of interest for 2 S 3rd St, Grand Forks

Groceries

8/10
At least one grocery store within a few minutes' walk

Shopping

4/10
Some shops within walking distance

Cafes

5/10
Some cafés within walking distance

Restaurants

6/10
Some restaurants within walking distance

Primary schools

8/10
At least one elementary school within a 20-minute walk

High schools

9/10
At least one high school within a 10-minute walk

Nightlife

4/10
Some bars within walking distance

Explore the area around 2 S 3rd St

Hugo's Family Marketplace
500 Demers Ave
Leevers Foods
1729 13th Ave N
Hugo's Family Marketplace
306 14th St NE
Hugo's Family Marketplace
1925 13th Ave N
Hugo's Family Marketplace
1631 S Washington St

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By sending this inquiry, I accept Zumper's Terms and Conditions, Privacy Policy, and Community Values. By providing my phone number, I consent (not a condition of purchase) to be called and texted by Waterfront Apartments I.