Rentometer, Inc. | Data as of 12/04/2025
Fargo’s rental market offers a dynamic blend of historic homes and modern apartments, catering to students, young professionals, and growing families alike. Downtown Fargo and the vibrant University of North Dakota campus area provide walk‑score living with easy access to the Fargo Theatre, the Plains Art Museum, and a thriving dining scene. Suburban neighborhoods such as Riverside and South Fargo deliver quieter, family‑friendly environments while still being just a short drive from the Red River’s recreational trails and the city’s major employment centers.
Renters can find a wide range of price points across property types. Studio apartments typically sit in the $900 range, while one‑ and two‑bedroom units commonly fall between $1,000 and $1,200, offering modern finishes and convenient amenities. Larger apartments with three or more bedrooms often reach the $1,500–$2,200 range, providing space for roommates or small families. Single‑family homes present attractive options as well, with one‑bedroom houses generally around the $800 bracket and two‑bedroom homes near $1,100. Larger homes with three or more bedrooms usually command rates in the $2,000 range, making them a solid choice for those seeking more space and a backyard.
Beyond pricing, Fargo’s rental landscape is bolstered by a strong sense of community and a steadily growing economy. The city’s low cost of living, expanding tech sector, and robust educational institutions attract a diverse tenant pool. Proximity to parks such as Island Park, cultural events like the Fargo Film Festival, and convenient public transit options ensure that residents enjoy both convenience and quality of life in the heart of the Upper Midwest.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $923 | $995 | $420 - $1,395 | $750 - $1,070 |
| Apartment | 1 Bedroom | $1,908 | $1,025 | $450 - $89,500 | $900 - $1,221 |
| Apartment | 2 Bedroom | $1,217 | $1,174 | $460 - $2,090 | $955 - $1,475 |
| Apartment | 3 Bedroom | $1,550 | $1,625 | $795 - $2,500 | $1,240 - $1,845 |
| Apartment | 4+ Bedroom | $1,783 | $1,600 | $1,550 - $2,200 | $1,550 - $2,200 |
| House | 2 Bedroom | $1,141 | $1,175 | $620 - $1,600 | $1,075 - $1,400 |
| House | 3 Bedroom | $2,000 | $1,925 | $1,250 - $2,600 | $1,825 - $2,200 |
| House | 4+ Bedroom | $2,279 | $2,297 | $1,395 - $2,995 | $2,099 - $2,695 |
In the current period, the average rent in Fargo was $922 for Studio, $1,896 for 1 Bedroom, $1,212 for 2 Bedroom, $1,724 for 3 Bedroom, and $2,211 for 4+ Bedroom.
Data provided by Rentometer, Inc.