Fargo vs Madison
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Fargo is 14% cheaper for renters. A 2-bedroom rents for $913/mo vs $1,038/mo in Madison — saving $1,500/year.
Rent by Unit Size
| Unit Size | Fargo | Madison | Difference |
|---|---|---|---|
| Studio | $577 | $676 | $99 |
| 1 Bedroom | $717 | $827 | $110 |
| 2 Bedrooms | $913 | $1,038 | $125 |
| 3 Bedrooms | $1,145 | $1,222 | $77 |
| 4 Bedrooms | $1,249 | $1,400 | $151 |
| Median Income | $45,978 | $64,691 | $18,713 |
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
Madison
- Studio
- $676/mo
- 1 BR
- $827/mo
- 2 BR
- $1,038/mo
- 3 BR
- $1,222/mo
- 4 BR
- $1,400/mo
- Median Income
- $64,691/yr
Frequently Asked Questions
Is Fargo or Madison cheaper to rent in?
Fargo is cheaper — a 2-bedroom Fair Market Rent is $913/mo vs $1,038/mo in Madison. That's $125/mo or $1,500/year more expensive in Madison (14% higher).
What is the 2-bedroom rent in Fargo vs Madison?
The HUD Fair Market Rent for a 2-bedroom in Fargo is $913/month. In Madison, a 2-bedroom FMR is $1,038/month.
How do incomes compare between Fargo and Madison?
The median household income in Fargo is $45,978/year. In Madison it is $64,691/year. Madison has the higher median income.
What is the studio rent in Fargo vs Madison?
A studio apartment Fair Market Rent in Fargo is $577/mo. In Madison it is $676/mo.