Fargo vs Salt Lake City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Fargo is 23% cheaper for renters. A 2-bedroom rents for $913/mo vs $1,127/mo in Salt Lake City — saving $2,568/year.
Rent by Unit Size
| Unit Size | Fargo | Salt Lake City | Difference |
|---|---|---|---|
| Studio | $577 | $754 | $177 |
| 1 Bedroom | $717 | $912 | $195 |
| 2 Bedrooms | $913 | $1,127 | $214 |
| 3 Bedrooms | $1,145 | $1,352 | $207 |
| 4 Bedrooms | $1,249 | $1,632 | $383 |
| Median Income | $45,978 | $77,224 | $31,246 |
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
Salt Lake City
- Studio
- $754/mo
- 1 BR
- $912/mo
- 2 BR
- $1,127/mo
- 3 BR
- $1,352/mo
- 4 BR
- $1,632/mo
- Median Income
- $77,224/yr
Frequently Asked Questions
Is Fargo or Salt Lake City cheaper to rent in?
Fargo is cheaper — a 2-bedroom Fair Market Rent is $913/mo vs $1,127/mo in Salt Lake City. That's $214/mo or $2,568/year more expensive in Salt Lake City (23% higher).
What is the 2-bedroom rent in Fargo vs Salt Lake City?
The HUD Fair Market Rent for a 2-bedroom in Fargo is $913/month. In Salt Lake City, a 2-bedroom FMR is $1,127/month.
How do incomes compare between Fargo and Salt Lake City?
The median household income in Fargo is $45,978/year. In Salt Lake City it is $77,224/year. Salt Lake City has the higher median income.
What is the studio rent in Fargo vs Salt Lake City?
A studio apartment Fair Market Rent in Fargo is $577/mo. In Salt Lake City it is $754/mo.