Somerset Apartments
1120 Somerset Rd,
Fergus Falls, MN 56537
1-3 Beds | $945 - $1,255
Rental Market Trends in Fergus Falls, MN
What is the average rent in Fergus Falls, MN?
$780/month
Average Rent
528 Sq Ft
Average Apartment Size
+1.8%
Increase in the Last Year
Fergus Falls, MN Rental Market Overview
The average rent in Fergus Falls, MN is $780 per month. This is 53% lower than the national average rent of $1,661/month, making renting in Fergus Falls more affordable than most cities in the US.
- Studio apartments in Fergus Falls average $791 per month.
- One-bedroom apartments in Fergus Falls average $780 per month.
- Two-bedroom apartments in Fergus Falls average $951 per month.
- Three-bedroom apartments in Fergus Falls average $1,284 or more per month.
Data Updated: July 1, 2026
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 Fergus Falls, MN?
In the past year, rent has increased by 1.8%, which averages out to $15 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 July 2026
Legend
2025
2026
Rent Ranges in Fergus Falls, MN
Last Updated July 2026
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
18%
Below $700/month
55%
$700 - $1,000/month
27%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
0%
Above $2,000/month
What salary do I need to live comfortably in Fergus Falls, MN?
Because the average rent in Fergus Falls is $780, you’ll want to make about $2,600 per month or $31,200 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 Fergus Falls, MN compare to other nearby cities and neighborhoods?
Use the tool below to compare Fergus Falls, MN 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.
Apartment Communities in Fergus Falls We Think You'll Love
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Frequently Asked Questions
What is the average rent in Fergus Falls?
The average rent in Fergus Falls is $780 per month, which is 53.0% lower than the national average of $1,661.
Are rents going up or down in Fergus Falls?
Rents in Fergus Falls, MN are increasing, with prices up 1.8% year-over-year and $15 more per month.
What rent range is most common in Fergus Falls?
In Fergus Falls, MN, 55% 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 June 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.