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Rental Market Trends in Fargo, ND

What is the average rent in Fargo, ND?

$919/month

Average Rent

693 Sq Ft

Average Apartment Size

+1.5%

Increase in the Last Year

As of October 2025, the average rent in Fargo, ND is $919 per month. This is 44% lower than the national average rent of $1,630/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 $792 per month for a studio, $919 for a one-bedroom apartment, and around $1,080 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,447 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$792/month
465 Sq Ft
One Bedroom
$919/month
693 Sq Ft
Two Bedroom
$1,080/month
1,001 Sq Ft
Three Bedroom
$1,447/month
1,351 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,250/month
1,040 Sq Ft
Three Bedroom
$2,030/month
1,356 Sq Ft
Four Bedroom
$2,236/month
1,864 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$799/month
100 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$1,946/month
1,241 Sq Ft

How much has average rent changed in Fargo, ND?

In the past year, rent has increased by 1.5%, which averages out to $15 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 October 2025
Legend
2024 2025
Market Trends Over Time

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Fargo?

Based on current rent prices, Jefferson, Village West and Buena Vista are the most affordable neighborhoods in Fargo.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Jefferson
$765/month
695 Sq Ft
Village West
$770/month
729 Sq Ft
Buena Vista
$770/month
729 Sq Ft
Westgate
$786/month
707 Sq Ft
Hawthorne
$854/month
764 Sq Ft
West Acres
$885/month
675 Sq Ft
Dakota Park
$1,003/month
823 Sq Ft
Roosevelt ND
$1,010/month
692 Sq Ft
Harwoods
$1,010/month
692 Sq Ft
Osgood Townsite
$1,015/month
732 Sq Ft

What are the most expensive neighborhoods in Fargo?

Based on current rent prices, Farmstead at Brandt, Northport and South Fargo are the most expensive neighborhoods in Fargo.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Farmstead at Brandt
$1,455/month
882 Sq Ft
Northport
$1,186/month
731 Sq Ft
South Fargo
$1,170/month
727 Sq Ft
Woodhaven
$1,159/month
761 Sq Ft
Dakota West
$1,137/month
738 Sq Ft
Downtown Fargo
$1,104/month
698 Sq Ft
Sincebaugh
$1,078/month
762 Sq Ft
Points West
$1,045/month
726 Sq Ft
Brandt Crossing
$1,045/month
713 Sq Ft
Osgood Place
$1,023/month
752 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 Amber Valley .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
South Fargo
$1,170/month
727 Sq Ft
Downtown Fargo
$1,104/month
698 Sq Ft
Amber Valley
$1,020/month
757 Sq Ft
Osgood Townsite
$1,015/month
732 Sq Ft
Woodhaven
$1,159/month
761 Sq Ft
Willow Park
$1,020/month
701 Sq Ft
Dakota West
$1,137/month
738 Sq Ft
Brandt Crossing
$1,045/month
713 Sq Ft
Osgood Place
$1,023/month
752 Sq Ft
Points West
$1,045/month
726 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Fargo, ND?

Because the average rent in Fargo is $919, you’ll want to make about $3,063 per month or $36,756 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 2.7% lower than the national average. Generally, housing in Fargo is 14.9% less expensive than the national average, with rent falling between $792 - $1,447. You can expect to pay 1.6% less for groceries, 19.0% less for utilities, and 0.8% less for transportation.

City

Fargo, ND

2,924 Available Apartments for Rent

Search for Nearby Apartments

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.

Explore the Area Guide for Fargo, ND

Apartment Averages

Jefferson

Fargo, ND

Farmstead at Brandt

Fargo, ND

Studio
$712/month
-
One Bedroom
$533/month
-
Two Bedroom
$662/month
-
Three Bedroom
$672/month
-
Search
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Nearby City Rent Trends

  • West Fargo Average Rent
  • Moorhead Average Rent

Apartment communities in Fargo we think you'll love

BLOC - New, Never Lived In

BLOC - New, Never Lived In

1621 University Dr S,
Fargo, ND 58103

$1,125 - $1,895

Studio - 2 Beds

Compass

Compass

600 30th Ave S,
Moorhead, MN 56560

$945 - $1,805 Plus Fees

Studio - 3 Beds

The Ascent

The Ascent

5800 S 38th St,
Fargo, ND 58104

$1,050 - $2,125

Studio - 3 Beds

DCH Property Management

DCH Property Management

5522 36th St S,
Fargo, ND 58104

$1,900 - $3,000

3-4 Beds

Property Management Companies in Fargo, ND

Campbell Properties
Campbell Properties
  • 58

    Communities

  • 4,636

    Units

  • 20

    Cities

25 Communities in Fargo
Enclave
Enclave
  • 34

    Communities

  • 5,581

    Units

  • 15

    Cities

14 Communities in Fargo
Goldmark
Goldmark
  • 29

    Communities

  • 6,991

    Units

  • 14

    Cities

13 Communities in Fargo
Prairie Property Management
Prairie Property Management
  • 15

    Communities

  • 1,865

    Units

  • 4

    Cities

13 Communities in Fargo
Property Resources Group
Property Resources Group
  • 13

    Communities

  • 1,787

    Units

  • 5

    Cities

11 Communities in Fargo
Dakota Real Estate Investment Trust
Dakota Real Estate Investment Trust
  • 22

    Communities

  • 3,116

    Units

  • 5

    Cities

10 Communities in Fargo
Great States Construction Inc
Great States Construction Inc
  • 20

    Communities

  • 2,560

    Units

  • 9

    Cities

9 Communities in Fargo
Hegenes Management, Inc.
Hegenes Management, Inc.
  • 22

    Communities

  • 2,288

    Units

  • 9

    Cities

8 Communities in Fargo

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United States North Dakota Fargo Rental Trends

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 September 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity