Fargo vs Salem
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Fargo is 25% cheaper for renters. A 2-bedroom rents for $913/mo vs $1,137/mo in Salem — saving $2,688/year.
Rent by Unit Size
| Unit Size | Fargo | Salem | Difference |
|---|---|---|---|
| Studio | $577 | $741 | $164 |
| 1 Bedroom | $717 | $913 | $196 |
| 2 Bedrooms | $913 | $1,137 | $224 |
| 3 Bedrooms | $1,145 | $1,411 | $266 |
| 4 Bedrooms | $1,249 | $1,615 | $366 |
| Median Income | $45,978 | $53,953 | $7,975 |
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
Salem
- Studio
- $741/mo
- 1 BR
- $913/mo
- 2 BR
- $1,137/mo
- 3 BR
- $1,411/mo
- 4 BR
- $1,615/mo
- Median Income
- $53,953/yr
Frequently Asked Questions
Is Fargo or Salem cheaper to rent in?
Fargo is cheaper — a 2-bedroom Fair Market Rent is $913/mo vs $1,137/mo in Salem. That's $224/mo or $2,688/year more expensive in Salem (25% higher).
What is the 2-bedroom rent in Fargo vs Salem?
The HUD Fair Market Rent for a 2-bedroom in Fargo is $913/month. In Salem, a 2-bedroom FMR is $1,137/month.
How do incomes compare between Fargo and Salem?
The median household income in Fargo is $45,978/year. In Salem it is $53,953/year. Salem has the higher median income.
What is the studio rent in Fargo vs Salem?
A studio apartment Fair Market Rent in Fargo is $577/mo. In Salem it is $741/mo.