Fargo vs Lake Charles
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Lake Charles is 24% cheaper for renters. A 2-bedroom rents for $735/mo vs $913/mo in Fargo — saving $2,136/year.
Rent by Unit Size
| Unit Size | Fargo | Lake Charles | Difference |
|---|---|---|---|
| Studio | $577 | $490 | $87 |
| 1 Bedroom | $717 | $592 | $125 |
| 2 Bedrooms | $913 | $735 | $178 |
| 3 Bedrooms | $1,145 | $930 | $215 |
| 4 Bedrooms | $1,249 | $984 | $265 |
| Median Income | $45,978 | $45,479 | $499 |
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
Lake Charles
- Studio
- $490/mo
- 1 BR
- $592/mo
- 2 BR
- $735/mo
- 3 BR
- $930/mo
- 4 BR
- $984/mo
- Median Income
- $45,479/yr
Frequently Asked Questions
Is Fargo or Lake Charles cheaper to rent in?
Lake Charles is cheaper — a 2-bedroom Fair Market Rent is $735/mo vs $913/mo in Fargo. That's $178/mo or $2,136/year more expensive in Fargo (24% higher).
What is the 2-bedroom rent in Fargo vs Lake Charles?
The HUD Fair Market Rent for a 2-bedroom in Fargo is $913/month. In Lake Charles, a 2-bedroom FMR is $735/month.
How do incomes compare between Fargo and Lake Charles?
The median household income in Fargo is $45,978/year. In Lake Charles it is $45,479/year. Fargo has the higher median income.
What is the studio rent in Fargo vs Lake Charles?
A studio apartment Fair Market Rent in Fargo is $577/mo. In Lake Charles it is $490/mo.