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Rental Market Trends in Fergus Falls, MN

What is the average rent in Fergus Falls, MN?

$797/month

Average Rent

610 Sq Ft

Average Apartment Size

+2.1%

Increase in the Last Year

As of July 2025, the average rent in Fergus Falls, MN is $797 per month. This is 51% lower than the national average rent of $1,636/month, making renting in Fergus Falls more affordable than most cities in the US. When you rent an apartment in Fergus Falls, you can expect to pay about $652 per month for a studio, $797 for a one-bedroom apartment, and around $941 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,179 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$652/month
441 Sq Ft
One Bedroom
$797/month
610 Sq Ft
Two Bedroom
$941/month
891 Sq Ft
Three Bedroom
$1,179/month
1,231 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 2.1%, which averages out to $17 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 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Fergus Falls, MN
Last Updated July 2025
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Fergus Falls, MN
Percentage*
Rent Range
27% Below $700/month
45% $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 $797, you’ll want to make about $2,656 per month or $31,872 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.

City

Fergus Falls, MN

45 Available Apartments for Rent

Search for Nearby Apartments

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.

Explore the Area Guide for Fergus Falls, MN

Apartment Averages

Apartment communities in Fergus Falls we think you'll love

Somerset Apartments

Somerset Apartments

1120 Somerset Rd,
Fergus Falls, MN 56537

1-3 Beds | $915 - $1,220

Spruce Place Apartments

Spruce Place Apartments

912 Spruce St,
Fergus Falls, MN 56537

2 Beds | $765 - $965

Broadway Apartments

Broadway Apartments

623 West Fir,
Fergus Falls, MN 56537

1-2 Beds | $885 - $1,095

Stetson Village Apartments

Stetson Village Apartments

1060 Village Cir,
Fergus Falls, MN 56537

1-3 Beds | $965 - $1,525

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United States Minnesota Fergus Falls Rental Trends

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 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity