The Retreat
4906 28th Ave S,
Fargo, ND 58104
Studio - 3 Beds | $1,115 - $1,915
Rental Market Trends in Fargo, ND
Updated September 2026
The average rent in Fargo, ND is $964/month.
Rent in Fargo is 42% lower than the national average rent of $1,664/month, making this one of the less expensive cities statewide.
$964/month
Average Rent
703 Sq Ft
Average Size
+2.2%
Change / Year
2,112
Available Apartments
Fargo rent varies by unit size and layout:
- Studio apartments in Fargo average $822 per month.
- One-bedroom apartments in Fargo average $964 per month.
- Two-bedroom apartments in Fargo average $1,132 per month.
- Three-bedroom apartments in Fargo average $1,504 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Fargo, ND?
In the past year, rent has increased by 2.2%, which averages out to $22 more per month.
Market Trends Over Time
September 2026
2025
2026
Rent Ranges in Fargo, ND
September 2026
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
19%
Below $700/month
37%
$700 - $1,000/month
34%
$1,001 - $1,500/month
8%
$1,501 - $2,000/month
2%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Fargo?
Based on current rent prices, Jefferson, Westgate and Village West are the most affordable neighborhoods in Fargo.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Fargo?
Based on current rent prices, Points West, Roosevelt ND and Woodhaven are the most expensive 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 Downtown Fargo, South Fargo and Points West .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Fargo, ND?
Because the average rent in Fargo is $964, you’ll want to make about $3,213 per month or $38,556 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 3.9% lower than the national average. Generally, housing in Fargo is 16.8% less expensive than the national average, with rent falling between $822 - $1,504. You can expect to pay 2.2% less for groceries, 15.6% less for utilities, and 1.7% less 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.
View the Fargo Area GuideStudio
$705/month
$940/month
One Bedroom
$547/month
$1,074/month
Two Bedroom
$642/month
$1,250/month
Three Bedroom
-
$1,356/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
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Frequently Asked Questions
What is the average rent in Fargo?
The average rent in Fargo is $964 per month, which is 42.1% lower than the national average of $1,664.
What is the average rent for a house in Fargo?
The average rent for a house in Fargo, ND is $1,938 per month.
Are rents going up or down in Fargo?
Rents in Fargo, ND are increasing, with prices up 2.2% year-over-year and $22 more per month.
What rent range is most common in Fargo?
In Fargo, ND, 37% of apartments fall between $700 - $1,000/month, though prices may vary depending on location and other factors.
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 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.