Compass II
600 30th Ave S,
Moorhead, MN 56560
Studio - 1 Bed | $995 - $1,245
Rental Market Trends in Fargo, ND
What is the average rent in Fargo, ND?
$887/month
Average Rent
694 Sq Ft
Average Apartment Size
+0.4%
Increase in the Last Year
As of December 2024, the average rent in Fargo, ND is $887 per month. This is 43% lower than the national average rent of $1,560/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 $755 per month for a studio, $887 for a one-bedroom apartment, and around $1,057 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,390 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Fargo, ND?
In the past year, rent has increased by 0.4%, which averages out to $4 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 December 2024
Legend
2023
2024
Rent Ranges in Fargo, ND
Last Updated December 2024
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
25%
Below $700/month
36%
$700 - $1,000/month
32%
$1,001 - $1,500/month
6%
$1,501 - $2,000/month
1%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Fargo?
Based on current rent prices, Westgate, Willow Park and Hawthorne 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, Downtown Fargo, Roosevelt ND and Fargo 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 Fargo, Downtown Fargo and South Fargo .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Fargo, ND?
Because the average rent in Fargo is $887, you’ll want to make about $2,956 per month or $35,472 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.
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.
Studio
$558/month
$774/month
One Bedroom
$647/month
$994/month
Two Bedroom
$777/month
$1,432/month
Three Bedroom
$968/month
$1,646/month
Nearby City Rent Trends
Apartment communities in Fargo we think you'll love
Property Management Companies in Fargo, ND
Campbell Properties
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57
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4,617
Units
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20
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25 Communities in Fargo
Enclave
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31
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4,677
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14
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13 Communities in Fargo
Dakota Real Estate Investment Trust
-
20
Communities
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2,093
Units
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4
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10 Communities in Fargo
Property Resources Group
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12
Communities
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1,689
Units
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4
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10 Communities in Fargo
Collective
-
15
Communities
-
1,682
Units
-
7
Cities
7 Communities in Fargo
Hegenes Management, Inc.
-
19
Communities
-
1,960
Units
-
6
Cities
6 Communities in Fargo
Buchholz Properties
-
10
Communities
-
1,012
Units
-
7
Cities
4 Communities in Fargo
Goldmark
-
21
Communities
-
4,760
Units
-
14
Cities
3 Communities in Fargo
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Methodology
† 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.
* Percentages may not total 100 due to rounding.