Rent in Fargo, ND at a glance
2-bedroom rent (HUD)
$1,112$13,344 a year · HUD fiscal year 2026From October 1, 2026: $1,104 (−0.7%)How much rent can you afford in Fargo, ND?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
Rent in Fargo, ND by bedroom, and the pay it takes
Income needed keeps rent at 30% of gross pay; the hourly figure assumes one full-time job, 2,080 hours a year.
| Size | A month | A year | Income needed | Hourly wage needed |
|---|---|---|---|---|
| Studio | $768 | $9,216 | $30,720 | $14.77/hr |
| 1 bedroom | $917 | $11,004 | $36,680 | $17.63/hr |
| 2 bedroomsMost searched | $1,112 | $13,344 | $44,480 | $21.38/hr |
| 3 bedrooms | $1,547 | $18,564 | $61,880 | $29.75/hr |
| 4 bedrooms | $1,865 | $22,380 | $74,600 | $35.87/hr |
Living and working in Fargo, ND
Rent in Fargo, ND: common questions
How much is rent going down in Fargo, ND in 2027?
HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $1,104 for a two-bedroom, down 0.7% from $1,112. A one-bedroom goes from $917 to $903, a studio from $768 to $781.
These are HUD's estimates of what a typical recently rented unit costs, used for housing vouchers. A landlord's increase on your lease follows your lease and your state's rules, not this figure.
What is the average rent in Fargo, ND?
HUD's Fair Market Rent for 2026 is $917 for a one-bedroom and $1,112 for a two-bedroom, utilities included. That is $13,344 a year for the two-bedroom.
It is not an average of current listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so asking rents on newer places usually run higher.
How much do you need to make to afford rent in Fargo, ND?
To keep a $1,112 two-bedroom at 30% of gross pay, one full-time worker needs $21.38 an hour, or $44,480 a year. A one-bedroom at $917 takes $17.63 an hour.
How much is a 1, 2 or 3-bedroom apartment in Fargo, ND?
At HUD's 2026 Fair Market Rent: studio $768, one bedroom $917, two $1,112, three $1,547 and four $1,865 a month.
Is rent affordable in Fargo, ND?
For the typical household, earning $66,998 a year ($5,583 a month, Census ACS), a two-bedroom at $1,112 takes 19.9% of income. Under 30% is the usual line for affordable; this is under it.
How is the income needed for rent worked out?
Rent for a year divided by 0.30, the share of gross income HUD treats as affordable: ($1,112 × 12) ÷ 0.30 = $44,480. Divided by 2,080 working hours, that is $21.38 an hour.