Asheville vs Fargo
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Fargo is 21% cheaper for renters. A 2-bedroom rents for $913/mo vs $1,106/mo in Asheville — saving $2,316/year.
Rent by Unit Size
| Unit Size | Asheville | Fargo | Difference |
|---|---|---|---|
| Studio | $689 | $577 | $112 |
| 1 Bedroom | $875 | $717 | $158 |
| 2 Bedrooms | $1,106 | $913 | $193 |
| 3 Bedrooms | $1,316 | $1,145 | $171 |
| 4 Bedrooms | $1,577 | $1,249 | $328 |
| Median Income | $64,400 | $45,978 | $18,422 |
Asheville
- Studio
- $689/mo
- 1 BR
- $875/mo
- 2 BR
- $1,106/mo
- 3 BR
- $1,316/mo
- 4 BR
- $1,577/mo
- Median Income
- $64,400/yr
Fargo
- Studio
- $577/mo
- 1 BR
- $717/mo
- 2 BR
- $913/mo
- 3 BR
- $1,145/mo
- 4 BR
- $1,249/mo
- Median Income
- $45,978/yr
Frequently Asked Questions
Is Asheville or Fargo cheaper to rent in?
Fargo is cheaper — a 2-bedroom Fair Market Rent is $913/mo vs $1,106/mo in Asheville. That's $193/mo or $2,316/year more expensive in Asheville (21% higher).
What is the 2-bedroom rent in Asheville vs Fargo?
The HUD Fair Market Rent for a 2-bedroom in Asheville is $1,106/month. In Fargo, a 2-bedroom FMR is $913/month.
How do incomes compare between Asheville and Fargo?
The median household income in Asheville is $64,400/year. In Fargo it is $45,978/year. Asheville has the higher median income.
What is the studio rent in Asheville vs Fargo?
A studio apartment Fair Market Rent in Asheville is $689/mo. In Fargo it is $577/mo.