Fargo vs Lincoln
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Lincoln is 9% cheaper for renters. A 2-bedroom rents for $835/mo vs $913/mo in Fargo — saving $936/year.
Rent by Unit Size
| Unit Size | Fargo | Lincoln | Difference |
|---|---|---|---|
| Studio | $577 | $561 | $16 |
| 1 Bedroom | $717 | $685 | $32 |
| 2 Bedrooms | $913 | $835 | $78 |
| 3 Bedrooms | $1,145 | $1,007 | $138 |
| 4 Bedrooms | $1,249 | $1,216 | $33 |
| Median Income | $45,978 | $40,210 | $5,768 |
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
Lincoln
- Studio
- $561/mo
- 1 BR
- $685/mo
- 2 BR
- $835/mo
- 3 BR
- $1,007/mo
- 4 BR
- $1,216/mo
- Median Income
- $40,210/yr
Frequently Asked Questions
Is Fargo or Lincoln cheaper to rent in?
Lincoln is cheaper — a 2-bedroom Fair Market Rent is $835/mo vs $913/mo in Fargo. That's $78/mo or $936/year more expensive in Fargo (9% higher).
What is the 2-bedroom rent in Fargo vs Lincoln?
The HUD Fair Market Rent for a 2-bedroom in Fargo is $913/month. In Lincoln, a 2-bedroom FMR is $835/month.
How do incomes compare between Fargo and Lincoln?
The median household income in Fargo is $45,978/year. In Lincoln it is $40,210/year. Fargo has the higher median income.
What is the studio rent in Fargo vs Lincoln?
A studio apartment Fair Market Rent in Fargo is $577/mo. In Lincoln it is $561/mo.