Somerset Apartments
1120 Somerset Rd,
Fergus Falls, MN 56537
1-3 Beds | $945 - $1,255
Rental Market Trends in Fergus Falls, MN
Updated August 2026
The average rent in Fergus Falls, MN is $789/month.
Rent in Fergus Falls is 53% lower than the national average rent of $1,663/month, making this one of the less expensive cities statewide.
$789/month
Average Rent
528 Sq Ft
Average Size
+2.9%
Change / Year
48
Available Apartments
Fergus Falls rent varies by unit size and layout:
- Studio apartments in Fergus Falls average $794 per month.
- One-bedroom apartments in Fergus Falls average $789 per month.
- Two-bedroom apartments in Fergus Falls average $957 per month.
- Three-bedroom apartments in Fergus Falls average $1,319 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Fergus Falls, MN?
In the past year, rent has increased by 2.9%, which averages out to $24 more per month.
Market Trends Over Time
August 2026
2025
2026
Rent Ranges in Fergus Falls, MN
August 2026
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
18%
Below $700/month
45%
$700 - $1,000/month
36%
$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 $789, you’ll want to make about $2,630 per month or $31,560 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.
View the Fergus Falls Area GuideApartment 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 $789 per month, which is 52.6% lower than the national average of $1,663.
Are rents going up or down in Fergus Falls?
Rents in Fergus Falls, MN are increasing, with prices up 2.9% year-over-year and $24 more per month.
What rent range is most common in Fergus Falls?
In Fergus Falls, MN, 45% 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.