Fargo vs Lynchburg
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Lynchburg is 27% cheaper for renters. A 2-bedroom rents for $721/mo vs $913/mo in Fargo — saving $2,304/year.
Rent by Unit Size
| Unit Size | Fargo | Lynchburg | Difference |
|---|---|---|---|
| Studio | $577 | $494 | $83 |
| 1 Bedroom | $717 | $589 | $128 |
| 2 Bedrooms | $913 | $721 | $192 |
| 3 Bedrooms | $1,145 | $933 | $212 |
| 4 Bedrooms | $1,249 | $1,024 | $225 |
| Median Income | $45,978 | $37,857 | $8,121 |
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
Lynchburg
- Studio
- $494/mo
- 1 BR
- $589/mo
- 2 BR
- $721/mo
- 3 BR
- $933/mo
- 4 BR
- $1,024/mo
- Median Income
- $37,857/yr
Frequently Asked Questions
Is Fargo or Lynchburg cheaper to rent in?
Lynchburg is cheaper — a 2-bedroom Fair Market Rent is $721/mo vs $913/mo in Fargo. That's $192/mo or $2,304/year more expensive in Fargo (27% higher).
What is the 2-bedroom rent in Fargo vs Lynchburg?
The HUD Fair Market Rent for a 2-bedroom in Fargo is $913/month. In Lynchburg, a 2-bedroom FMR is $721/month.
How do incomes compare between Fargo and Lynchburg?
The median household income in Fargo is $45,978/year. In Lynchburg it is $37,857/year. Fargo has the higher median income.
What is the studio rent in Fargo vs Lynchburg?
A studio apartment Fair Market Rent in Fargo is $577/mo. In Lynchburg it is $494/mo.