Fargo vs San Luis Obispo
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Fargo is 78% cheaper for renters. A 2-bedroom rents for $913/mo vs $1,623/mo in San Luis Obispo — saving $8,520/year.
Rent by Unit Size
| Unit Size | Fargo | San Luis Obispo | Difference |
|---|---|---|---|
| Studio | $577 | $1,065 | $488 |
| 1 Bedroom | $717 | $1,360 | $643 |
| 2 Bedrooms | $913 | $1,623 | $710 |
| 3 Bedrooms | $1,145 | $2,039 | $894 |
| 4 Bedrooms | $1,249 | $2,372 | $1,123 |
| Median Income | $45,978 | $94,761 | $48,783 |
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
San Luis Obispo
- Studio
- $1,065/mo
- 1 BR
- $1,360/mo
- 2 BR
- $1,623/mo
- 3 BR
- $2,039/mo
- 4 BR
- $2,372/mo
- Median Income
- $94,761/yr
Frequently Asked Questions
Is Fargo or San Luis Obispo cheaper to rent in?
Fargo is cheaper — a 2-bedroom Fair Market Rent is $913/mo vs $1,623/mo in San Luis Obispo. That's $710/mo or $8,520/year more expensive in San Luis Obispo (78% higher).
What is the 2-bedroom rent in Fargo vs San Luis Obispo?
The HUD Fair Market Rent for a 2-bedroom in Fargo is $913/month. In San Luis Obispo, a 2-bedroom FMR is $1,623/month.
How do incomes compare between Fargo and San Luis Obispo?
The median household income in Fargo is $45,978/year. In San Luis Obispo it is $94,761/year. San Luis Obispo has the higher median income.
What is the studio rent in Fargo vs San Luis Obispo?
A studio apartment Fair Market Rent in Fargo is $577/mo. In San Luis Obispo it is $1,065/mo.