Last updated
Average Rent in Fargo, ND & Rent Trends
Rent prices and market trends across 6 apartment communities in Fargo, ND. Updated daily.
Market Average
$969/mo
▲ +2.8% from last month
Lowest Available
$610/mo
cheapest unit on market
Communities
6
tracked daily
Units Listed
23
available now
Rent by Neighborhood in Fargo, ND
Compare average rent across Fargo, ND neighborhoods. Click any area to see detailed trends.
| Neighborhood | Avg Rent | From | Properties | Units |
|---|---|---|---|---|
| Fargo 58102 | $991 | $610 | 4 | 20 |
| South High | $823 | $745 | 2 | 3 |
Is Rent Going Up or Down in Fargo, ND?
As of May 2026, the average rent in Fargo, ND is $969 per month across 6 apartment communities and 23 available units. Rents have increased $26 (2.8%) over the past month.
The most affordable option is Kingswood starting at $610/mo. By unit type, a studio averages $848/mo, a 1-bedroom averages $826/mo, a 2-bedroom averages $1,048/mo, a 3-bedroom averages $1,139/mo.
Prices range from $610 to $1,425 per month. The most common price point is the $800 range, where 9 units are currently listed.
Fargo, ND Rent Price History
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Fargo, ND
Rent Prices by Apartment in Fargo, ND
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Kingswood | $610/mo | $737/mo | 3 | 4.8 |
| EG & Co. Properties | $695/mo | $997/mo | 11 | 2.9 |
| Pacific South | $745/mo | $773/mo | 2 | 5 |
| Thunder Creek | $795/mo | $1,057/mo | 3 | 4.9 |
| East Bridge | $885/mo | $1,158/mo | 3 | 4.5 |
| Cheyenne Estates | $925/mo | $925/mo | 1 | 3.3 |
Google Search Trends for Fargo, ND Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Fargo, ND
What is the average rent in Fargo, ND?
Is rent going up or down in Fargo, ND?
What is the cheapest apartment in Fargo, ND?
How much is a 1-bedroom apartment in Fargo, ND?
How many apartments are available in Fargo, ND?
What salary do I need to live comfortably in Fargo, ND?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$39,000/year
30 percent rule -- using our average rent of $969/mo.
Comfortable income
$47,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($610/mo), you need to earn at least $24,000/year.
Median household income in Fargo, ND is $66,029 , about 42% above the comfortable-living threshold.
Cost of living in Fargo, ND
Overall prices in Fargo, ND runs below the national average by about 11% (BEA Regional Price Parity index 89.1, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Fargo, ND's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $969 |
| Utilities | $316 |
| Groceries | $524 |
| Transportation | $754 |
| Healthcare | $368 |
| Other goods and services | $589 |
| Estimated total | $3,520/mo |
Population
129,064
Median household income
$66,029
Census median rent
$916/mo
Rent as % of income
26.1%
Median age
32.2
Mean commute
16 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Explore Fargo, ND Apartments
Browse all 6 communities with daily-updated pricing and availability.