Fargo vs Reno
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Fargo is 32% cheaper for renters. A 2-bedroom rents for $913/mo vs $1,208/mo in Reno — saving $3,540/year.
Rent by Unit Size
| Unit Size | Fargo | Reno | Difference |
|---|---|---|---|
| Studio | $577 | $773 | $196 |
| 1 Bedroom | $717 | $946 | $229 |
| 2 Bedrooms | $913 | $1,208 | $295 |
| 3 Bedrooms | $1,145 | $1,422 | $277 |
| 4 Bedrooms | $1,249 | $1,636 | $387 |
| Median Income | $45,978 | $59,858 | $13,880 |
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
Reno
- Studio
- $773/mo
- 1 BR
- $946/mo
- 2 BR
- $1,208/mo
- 3 BR
- $1,422/mo
- 4 BR
- $1,636/mo
- Median Income
- $59,858/yr
Frequently Asked Questions
Is Fargo or Reno cheaper to rent in?
Fargo is cheaper — a 2-bedroom Fair Market Rent is $913/mo vs $1,208/mo in Reno. That's $295/mo or $3,540/year more expensive in Reno (32% higher).
What is the 2-bedroom rent in Fargo vs Reno?
The HUD Fair Market Rent for a 2-bedroom in Fargo is $913/month. In Reno, a 2-bedroom FMR is $1,208/month.
How do incomes compare between Fargo and Reno?
The median household income in Fargo is $45,978/year. In Reno it is $59,858/year. Reno has the higher median income.
What is the studio rent in Fargo vs Reno?
A studio apartment Fair Market Rent in Fargo is $577/mo. In Reno it is $773/mo.