Fargo vs Minneapolis-St. Paul-Bloomington
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Fargo is 19% cheaper for renters. A 2-bedroom rents for $913/mo vs $1,091/mo in Minneapolis-St. Paul-Bloomington — saving $2,136/year.
Rent by Unit Size
| Unit Size | Fargo | Minneapolis-St. Paul-Bloomington | Difference |
|---|---|---|---|
| Studio | $577 | $731 | $154 |
| 1 Bedroom | $717 | $917 | $200 |
| 2 Bedrooms | $913 | $1,091 | $178 |
| 3 Bedrooms | $1,145 | $1,436 | $291 |
| 4 Bedrooms | $1,249 | $1,675 | $426 |
| Median Income | $45,978 | $69,491 | $23,513 |
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
Minneapolis-St. Paul-Bloomington
- Studio
- $731/mo
- 1 BR
- $917/mo
- 2 BR
- $1,091/mo
- 3 BR
- $1,436/mo
- 4 BR
- $1,675/mo
- Median Income
- $69,491/yr
Frequently Asked Questions
Is Fargo or Minneapolis-St. Paul-Bloomington cheaper to rent in?
Fargo is cheaper — a 2-bedroom Fair Market Rent is $913/mo vs $1,091/mo in Minneapolis-St. Paul-Bloomington. That's $178/mo or $2,136/year more expensive in Minneapolis-St. Paul-Bloomington (19% higher).
What is the 2-bedroom rent in Fargo vs Minneapolis-St. Paul-Bloomington?
The HUD Fair Market Rent for a 2-bedroom in Fargo is $913/month. In Minneapolis-St. Paul-Bloomington, a 2-bedroom FMR is $1,091/month.
How do incomes compare between Fargo and Minneapolis-St. Paul-Bloomington?
The median household income in Fargo is $45,978/year. In Minneapolis-St. Paul-Bloomington it is $69,491/year. Minneapolis-St. Paul-Bloomington has the higher median income.
What is the studio rent in Fargo vs Minneapolis-St. Paul-Bloomington?
A studio apartment Fair Market Rent in Fargo is $577/mo. In Minneapolis-St. Paul-Bloomington it is $731/mo.