Fargo vs Great Falls
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Great Falls is 15% cheaper for renters. A 2-bedroom rents for $791/mo vs $913/mo in Fargo — saving $1,464/year.
Rent by Unit Size
| Unit Size | Fargo | Great Falls | Difference |
|---|---|---|---|
| Studio | $577 | $519 | $58 |
| 1 Bedroom | $717 | $625 | $92 |
| 2 Bedrooms | $913 | $791 | $122 |
| 3 Bedrooms | $1,145 | $997 | $148 |
| 4 Bedrooms | $1,249 | $1,047 | $202 |
| Median Income | $45,978 | $41,522 | $4,456 |
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
Great Falls
- Studio
- $519/mo
- 1 BR
- $625/mo
- 2 BR
- $791/mo
- 3 BR
- $997/mo
- 4 BR
- $1,047/mo
- Median Income
- $41,522/yr
Frequently Asked Questions
Is Fargo or Great Falls cheaper to rent in?
Great Falls is cheaper — a 2-bedroom Fair Market Rent is $791/mo vs $913/mo in Fargo. That's $122/mo or $1,464/year more expensive in Fargo (15% higher).
What is the 2-bedroom rent in Fargo vs Great Falls?
The HUD Fair Market Rent for a 2-bedroom in Fargo is $913/month. In Great Falls, a 2-bedroom FMR is $791/month.
How do incomes compare between Fargo and Great Falls?
The median household income in Fargo is $45,978/year. In Great Falls it is $41,522/year. Fargo has the higher median income.
What is the studio rent in Fargo vs Great Falls?
A studio apartment Fair Market Rent in Fargo is $577/mo. In Great Falls it is $519/mo.