Rent Bubble of the Day: $2,300 For a 1 Bedroom in North Dakota

$2,300. It's a price you wouldn't be surprised to pay for a one-bedroom apartment in New York City. But to see those kind of prices in North Dakota? There must be something in the water. More like, under the water.

Because of new drilling technologies, North Dakota has quickly become the second largest oil producing state in the country, passing Alaska earlier this month. And right in the heart of the oil boom sits Williston, North Dakota, in the center of the Bakken Shale Formation, a massive oil reserve. Because of the oil boom, the city has seen its average wages increase from $32,000 in 2006 to about $80,000 today; unemployment drop to around one percent; and monthly rent for a one bedroom skyrocket to $2,300, according to the Associated Press.