The Retreat
4906 28th Ave S,
Fargo, ND 58104
$1,130 - $1,980
Studio - 3 Beds
Rental Market Trends in Fargo, ND
What is the average rent in Fargo, ND?
$936/month
Average Rent
704 Sq Ft
Average Apartment Size
+1%
Increase in the Last Year
As of March 2026, the average rent in Fargo, ND is $936 per month. This is 42% lower than the national average rent of $1,626/month, making renting in Fargo more affordable than most cities in the US. When you rent an apartment in Fargo, you can expect to pay about $799 per month for a studio, $936 for a one-bedroom apartment, and around $1,099 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,478 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Fargo, ND?
In the past year, rent has increased by 1%, which averages out to $10 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated March 2026
Legend
2025
2026
Rent Ranges in Fargo, ND
Last Updated March 2026
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
22%
Below $700/month
35%
$700 - $1,000/month
33%
$1,001 - $1,500/month
7%
$1,501 - $2,000/month
3%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Fargo?
Based on current rent prices, Westgate, Jefferson and Village West are the most affordable neighborhoods in Fargo.
Neighborhood
Average Rent
Average Sq Ft
Which Fargo neighborhoods have the most rentals available?
The neighborhoods in Fargo with the most apartments available are South Fargo, Downtown Fargo and Woodhaven .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Fargo, ND?
Because the average rent in Fargo is $936, you’ll want to make about $3,120 per month or $37,440 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Cost of Living
The cost of living in Fargo, ND is 3.6% lower than the national average. Generally, housing in Fargo is 16.3% less expensive than the national average, with rent falling between $799 - $1,478. You can expect to pay 2.0% less for groceries, 16.9% less for utilities, and 1.1% more for transportation.
How does Fargo, ND compare to other nearby cities and neighborhoods?
Use the tool below to compare Fargo, ND to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$677/month
$1,005/month
One Bedroom
$656/month
$1,170/month
Two Bedroom
$809/month
$1,631/month
Three Bedroom
$1,021/month
$1,675/month
Nearby City Rent Trends
Apartment communities in Fargo we think you'll love
Property Management Companies in Fargo, ND
Campbell Properties
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65
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4,984
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20
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32 Communities in Fargo
Prairie Property Management
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17
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2,078
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4
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Goldmark
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32
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7,038
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14
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Enclave
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35
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5,746
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15
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14 Communities in Fargo
Property Resources Group
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12
Communities
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1,697
Units
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5
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10 Communities in Fargo
Dakota Real Estate Investment Trust
-
20
Communities
-
2,198
Units
-
4
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10 Communities in Fargo
Great States Construction Inc
-
21
Communities
-
2,593
Units
-
9
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9 Communities in Fargo
Hegenes Management, Inc.
-
22
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-
2,289
Units
-
9
Cities
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.
* Percentages may not total 100 due to rounding.