Fargo vs Knoxville
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Knoxville is 9% cheaper for renters. A 2-bedroom rents for $836/mo vs $913/mo in Fargo — saving $924/year.
Rent by Unit Size
| Unit Size | Fargo | Knoxville | Difference |
|---|---|---|---|
| Studio | $577 | $566 | $11 |
| 1 Bedroom | $717 | $693 | $24 |
| 2 Bedrooms | $913 | $836 | $77 |
| 3 Bedrooms | $1,145 | $1,106 | $39 |
| 4 Bedrooms | $1,249 | $1,220 | $29 |
| Median Income | $45,978 | $54,020 | $8,042 |
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
Knoxville
- Studio
- $566/mo
- 1 BR
- $693/mo
- 2 BR
- $836/mo
- 3 BR
- $1,106/mo
- 4 BR
- $1,220/mo
- Median Income
- $54,020/yr
Frequently Asked Questions
Is Fargo or Knoxville cheaper to rent in?
Knoxville is cheaper — a 2-bedroom Fair Market Rent is $836/mo vs $913/mo in Fargo. That's $77/mo or $924/year more expensive in Fargo (9% higher).
What is the 2-bedroom rent in Fargo vs Knoxville?
The HUD Fair Market Rent for a 2-bedroom in Fargo is $913/month. In Knoxville, a 2-bedroom FMR is $836/month.
How do incomes compare between Fargo and Knoxville?
The median household income in Fargo is $45,978/year. In Knoxville it is $54,020/year. Knoxville has the higher median income.
What is the studio rent in Fargo vs Knoxville?
A studio apartment Fair Market Rent in Fargo is $577/mo. In Knoxville it is $566/mo.