Fargo vs Laredo
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Laredo is 31% cheaper for renters. A 2-bedroom rents for $698/mo vs $913/mo in Fargo — saving $2,580/year.
Rent by Unit Size
| Unit Size | Fargo | Laredo | Difference |
|---|---|---|---|
| Studio | $577 | $463 | $114 |
| 1 Bedroom | $717 | $552 | $165 |
| 2 Bedrooms | $913 | $698 | $215 |
| 3 Bedrooms | $1,145 | $851 | $294 |
| 4 Bedrooms | $1,249 | $966 | $283 |
| Median Income | $45,978 | $40,343 | $5,635 |
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
Laredo
- Studio
- $463/mo
- 1 BR
- $552/mo
- 2 BR
- $698/mo
- 3 BR
- $851/mo
- 4 BR
- $966/mo
- Median Income
- $40,343/yr
Frequently Asked Questions
Is Fargo or Laredo cheaper to rent in?
Laredo is cheaper — a 2-bedroom Fair Market Rent is $698/mo vs $913/mo in Fargo. That's $215/mo or $2,580/year more expensive in Fargo (31% higher).
What is the 2-bedroom rent in Fargo vs Laredo?
The HUD Fair Market Rent for a 2-bedroom in Fargo is $913/month. In Laredo, a 2-bedroom FMR is $698/month.
How do incomes compare between Fargo and Laredo?
The median household income in Fargo is $45,978/year. In Laredo it is $40,343/year. Fargo has the higher median income.
What is the studio rent in Fargo vs Laredo?
A studio apartment Fair Market Rent in Fargo is $577/mo. In Laredo it is $463/mo.