Fargo vs Lafayette
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Lafayette is 23% cheaper for renters. A 2-bedroom rents for $741/mo vs $913/mo in Fargo — saving $2,064/year.
Rent by Unit Size
| Unit Size | Fargo | Lafayette | Difference |
|---|---|---|---|
| Studio | $577 | $502 | $75 |
| 1 Bedroom | $717 | $626 | $91 |
| 2 Bedrooms | $913 | $741 | $172 |
| 3 Bedrooms | $1,145 | $958 | $187 |
| 4 Bedrooms | $1,249 | $1,134 | $115 |
| Median Income | $45,978 | $38,989 | $6,989 |
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
Lafayette
- Studio
- $502/mo
- 1 BR
- $626/mo
- 2 BR
- $741/mo
- 3 BR
- $958/mo
- 4 BR
- $1,134/mo
- Median Income
- $38,989/yr
Frequently Asked Questions
Is Fargo or Lafayette cheaper to rent in?
Lafayette is cheaper — a 2-bedroom Fair Market Rent is $741/mo vs $913/mo in Fargo. That's $172/mo or $2,064/year more expensive in Fargo (23% higher).
What is the 2-bedroom rent in Fargo vs Lafayette?
The HUD Fair Market Rent for a 2-bedroom in Fargo is $913/month. In Lafayette, a 2-bedroom FMR is $741/month.
How do incomes compare between Fargo and Lafayette?
The median household income in Fargo is $45,978/year. In Lafayette it is $38,989/year. Fargo has the higher median income.
What is the studio rent in Fargo vs Lafayette?
A studio apartment Fair Market Rent in Fargo is $577/mo. In Lafayette it is $502/mo.