Rentometer, Inc. | Data as of 10/23/2025
Fargo’s vibrant metro area offers a balanced mix of apartments and single‑family homes, making it an appealing destination for renters seeking either a low‑maintenance lifestyle or more space for families. The market’s blend of newer high‑rise buildings downtown and well‑kept neighborhoods on the outskirts creates diverse options that cater to students, professionals, and growing households alike. Proximity to the Red River, the bustling downtown core, and the University of North Dakota ensures easy access to cultural events, dining, and outdoor recreation.
Rental rates reflect the variety of housing types available. Studio apartments generally sit in the $800‑$900 range, while one‑ and two‑bedroom units trend toward the low‑$1,000s and mid‑$1,200s, respectively. Larger three‑ and four‑plus bedroom apartments approach the $1,500‑$2,000 level, offering ample space for roommates or families. Detached houses follow a similar pattern, with one‑bedroom homes starting in the $800s and three‑bedroom properties moving into the $1,900s, while premium four‑plus bedroom homes can exceed the $2,300 mark. Neighborhoods such as Northside, Southside, and the historic Moorhead district (across the river in Minnesota) provide distinctive character, from tree‑lined streets and historic bungalows to modern townhomes near the city’s tech corridor.
Beyond rent, Fargo boasts strong schools, extensive bike lanes, and a growing job market driven by healthcare, education, and technology sectors. Residents enjoy convenient transit options, numerous parks, and cultural landmarks like the Fargo Air Museum and the historic Bishop’s Block. Whether you’re looking for a compact studio steps from a coffee shop or a spacious family house near top‑rated schools, Fargo’s rental market delivers flexibility, affordability, and a welcoming community atmosphere.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $879 | $940 | $420 - $1,510 | $680 - $1,025 |
| Apartment | 1 Bedroom | $1,015 | $1,025 | $435 - $2,150 | $795 - $1,175 |
| Apartment | 2 Bedroom | $1,197 | $1,152 | $595 - $2,585 | $925 - $1,450 |
| Apartment | 3 Bedroom | $1,571 | $1,575 | $715 - $2,380 | $1,350 - $1,825 |
| House | 2 Bedroom | $1,036 | $1,050 | $675 - $1,400 | $950 - $1,100 |
| House | 3 Bedroom | $1,979 | $1,900 | $1,250 - $2,595 | $1,895 - $2,095 |
| House | 4+ Bedroom | $2,388 | $2,400 | $1,500 - $3,850 | $2,100 - $2,695 |
In the current period, the average rent in Fargo, ND-MN was $875 for Studio, $1,016 for 1 Bedroom, $1,185 for 2 Bedroom, $1,804 for 3 Bedroom, and $2,362 for 4+ Bedroom.
Data provided by Rentometer, Inc.