Zumper
modified
5 Hours Ago

Highlights

  • On-site laundry
  • Private entry
  • Off-street parking with plug-ins
  • Quiet pet-friendly apartment community
  • Easy access

Location

505 4th Street Southwest, Minot, North Dakota 58701, United States
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Contact

Management

Investors Management & Marketing Inc.

Leasing office

(701) 818-7043

Property Overview

Terrace Heights offers impressive ratings across key areas, achieving an overall Zumper rating of 8.6, with perfect pricing and high scores for amenities and location. Residents can enjoy notable features like on-site laundry, off-street parking with plug-ins, and a quiet pet-friendly environment, complemented by a vibrant neighborhood filled with dining options. The property demonstrates excellent value for money and is well-suited for those seeking a work-from-home setup or an active social life.

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

Zumper Expert Rating

8.6
Very Good
With a solid 8.6 out of 10 overall, Terrace Heights is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Terrace Heights 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
  • Middle school nearby
  • Less expensive

Great for

  • Work-from-home
  • Social life

Floor plans

StudioStudio1 bath400 sqft$655 /mo1 unit availableA quiet Pet Friendly apartment community located near the heart of Minot. The straight forward, sleek apartments of Terrace Heights offer a great value while the location offers easy access to nearly everything in the city. Enjoy private entry, off-street parking with plug-ins and on-site laundry.

Let's explore this property.

Amenities for Terrace Heights

Apartment Amenities

CarpetCarpeting/Vinyl
Pet Friendly with Pet DepositPrivate Entry
Window Furnishings

Appliances

OvenRange
Refrigerator/FreezerStove/Oven

Tech

Internet and Cable Ready

Building

Onsite LaundrySmoke Free Building

Grounds

Outdoor SpaceStorage

Services

Heat PaidLawn Care and Snow Removal
Online Payment and Maintenance Request

Neighborhood

Close To Shopping and Restaurants

Other

Military DiscountOff Street Parking with Plug-in
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

Units16
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About Terrace Heights

HomeApartments in Minot Terrace Heights

A quiet Pet Friendly apartment community located near the heart of Minot. The straight forward, retro apartments of Terrace Heights offer a great value while the location offers easy access to nearly everything in the city. Enjoy private entry, off-street parking with plug-ins and on-site laundry.


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.
8.6
/10
Very Good
With a solid 8.6 out of 10 overall, Terrace Heights is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Terrace Heights 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 Terrace Heights
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.
Terrace Heights 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.
Terrace Heights goes above and beyond to provide sought-after conveniences and desirable perks, including close to shopping and restaurants. Renters looking for popular or luxurious features will find them here—and for that reason, Terrace Heights 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.
Terrace Heights 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 Terrace Heights does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A 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.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

Reviews from the web

Showing 6 highest rated

Great service

Grace Jones

Grace Jones

Aug 23, 2022

Quiet and cozy!

Aidan Wampler

Aidan Wampler

Aug 25, 2022

We’re sharing just 6 of many, sorted highest to lowest. Visit the Google business profile to view all reviews.

Terrace Heights is great for:

Work-from-home

  • High speed internet is an amenity
  • Utilities included in the rent
  • Quiet environment with little noise pollution

Social life

  • Areas nearby are accessible by walking
  • 64 restaurants within 1 mile of this property
  • Diverse age groups live in this area
  • A bustling neighborhood

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 Terrace Heights compares to other nearby properties.

Positives

High school nearby
There is a high school 0.4 mile away
Middle school nearby
There is a middle school 0.4 mile away
Less expensive
The 2-bedrooms are cheaper than other similar listings nearby
Laundry available on site
Washers and dryers are available in-building or in-unit

Considerations

Lacks images
Fewer than 10 photos available for this location

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Rent trends in Minot

studio apartments at Terrace Heights cost about 4% less than the average rent price for studio apartments in Minot.

Median rents as of Dec 13 2025.
Minot
A table of studio rental data trends in Minot
MonthMedian Rent
December 2023$525
January 2024$495
February 2024$495
March 2024$524
April 2024$546
May 2024$655
June 2024$618
July 2024$613
August 2024$533
September 2024$611
October 2024$663
November 2024$668
December 2024$570
January 2025$682
February 2025$555
March 2025$545
April 2025$592
May 2025$581
June 2025$595
July 2025$659
August 2025$577
September 2025$595
October 2025$652
November 2025$697
December 2025$690

Affordability calculator

Can I afford to live at 505 4th Street Southwest?

Bedrooms

Studio

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

$26,200/yr

With your selected rent-to-income ratio, you'd ideally want to make $26,200 annually to afford this studio monthly rent price of $655.
For more information on rent affordability, visit our rent calculator.

Schools near Terrace Heights

Perkett Elementary School

2000 5th ave sw

minot, ND, 58701

PK, K-5Public
B
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Internet available near Terrace Heights

Getting around Minot near 505 4th Street Southwest

Walking

6/10
Some shops and stores are within a few minutes.

Driving

6/10
This area is accessible to thoroughfares and has ample parking options.

Points of interest for 505 4th Street Southwest, Minot

Groceries

7/10
The nearest general grocery store is within a 10-minute walk, and there are also some specialist food stores nearby.

Shopping

5/10
Several fashion stores are within a short walk.

Cafes

5/10
The closest café is within a 10-minute walk, and there are a few other cafés within walking distance.

Restaurants

5/10
Several restaurants are within a short walk.

Primary schools

7/10
The closest elementary school is within a 10-to-15-minute walk.

High schools

8/10
At least one high school within a 5-to-10-minute walk.

Nightlife

4/10
The closest bar is within a 5-minute walk, and there are some other bars within walking distance.

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