Rentometer, Inc. | Data as of 10/22/2025
Fargo’s rental market offers a diverse mix of modern apartments and spacious single‑family homes, attracting young professionals, university students, and growing families alike. Apartment options range from efficient studios in the vibrant downtown district—averaging in the $800‑$900 range—to larger three‑ and four‑plus bedroom units that comfortably sit in the $1,500‑$2,200 bracket. One‑ and two‑bedroom apartments are typically found in the $1,000 and $1,200‑$1,300 ranges, providing flexible choices for both solo renters and roommates. For those seeking the quiet of a neighborhood setting, houses for rent span from modest one‑bedroom homes near $800 to expansive four‑plus bedroom properties around $2,300, making Fargo a welcoming city for a variety of household sizes.
Neighborhoods such as North Fargo, South Fargo, Riverside, and the historic Downtown area each bring their own character to the rental experience. Proximity to the Red River, the bustling Fargo Theatre, and the University of North Dakota campus adds cultural and educational appeal, while well‑maintained parks and family‑friendly schools support long‑term residency. The city’s robust economic growth and affordable cost of living continue to draw renters looking for a blend of Midwestern charm and contemporary amenities.
Whether you’re searching for a sleek downtown loft, a pet‑friendly suburban house, or a convenient student apartment near campus, Fargo’s rental landscape delivers quality options across price points. The market’s balance of affordability and variety, paired with the city’s welcoming community and lively attractions, makes Fargo an attractive destination for renters seeking both comfort and convenience.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $849 | $890 | $420 - $2,245 | $670 - $1,015 |
| Apartment | 1 Bedroom | $1,005 | $975 | $540 - $1,670 | $800 - $1,219 |
| Apartment | 2 Bedroom | $1,239 | $1,170 | $460 - $2,795 | $950 - $1,500 |
| Apartment | 3 Bedroom | $1,602 | $1,525 | $795 - $2,500 | $1,325 - $1,885 |
| Apartment | 4+ Bedroom | $1,916 | $1,900 | $745 - $2,880 | $1,550 - $2,525 |
| House | 1 Bedroom | $910 | $850 | $650 - $1,230 | $650 - $1,230 |
| House | 2 Bedroom | $1,207 | $1,200 | $715 - $1,800 | $800 - $1,500 |
| House | 3 Bedroom | $1,958 | $1,895 | $1,395 - $3,095 | $1,737 - $2,100 |
| House | 4+ Bedroom | $2,342 | $2,322 | $1,395 - $3,850 | $2,050 - $2,645 |
In the current period, the average rent in Fargo was $846 for Studio, $1,003 for 1 Bedroom, $1,237 for 2 Bedroom, $1,741 for 3 Bedroom, and $2,220 for 4+ Bedroom.
Data provided by Rentometer, Inc.