Fargo renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in the purple and dark green areas.
Rental Price Key
Luxury
High-end
Mid-tier
Most affordable
On average, the cost of rent in Fargo is about $949 per month. This puts it in the 75th percentile compared to the state average cost of rent, which is $999. Households in Fargo have a median income of $5,443 per month so the average renter in Fargo is spending roughly 17% of their earnings on housing.
Nationally, and in Fargo, home values are the data point most closely correlated with the cost of rent. The median price of a home in Fargo is $303,260 right now, which is lower than cities nearby, meaning that rents in Fargo also tend to be lower versus these nearby cities.
Higher rent prices are common in the northeastern parts of Fargo while lower rent rates are often available in northwestern areas.
Nearby Cities
- Prairie Rose, ND: more expensive rent prices
- Moorhead, MN: more expensive rent prices
- West Fargo, ND: more expensive rent prices
- Frontier, ND: more expensive rent prices
- Briarwood, ND: more expensive rent prices
- Reiles Acres, ND: more expensive rent prices
- Dilworth, MN: less expensive rent prices
- North River, ND: more expensive rent prices
- Horace, ND: less expensive rent prices
- Wild Rice, ND: more expensive rent prices
Cities with Similar Populations
- Boulder, CO: more expensive rent prices
- Silver Spring, MD: more expensive rent prices
- Norman, OK: more expensive rent prices
- Thornton, CO: more expensive rent prices
- Saginaw, MI: less expensive rent prices
- Independence, MO: more expensive rent prices
- College Station, TX: more expensive rent prices
- Newark, DE: more expensive rent prices
- Peoria, IL: more expensive rent prices
- Elgin, IL: more expensive rent prices
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