Fargo vs Sioux Falls
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Sioux Falls is 9% cheaper for renters. A 2-bedroom rents for $837/mo vs $913/mo in Fargo — saving $912/year.
Rent by Unit Size
| Unit Size | Fargo | Sioux Falls | Difference |
|---|---|---|---|
| Studio | $577 | $544 | $33 |
| 1 Bedroom | $717 | $672 | $45 |
| 2 Bedrooms | $913 | $837 | $76 |
| 3 Bedrooms | $1,145 | $1,012 | $133 |
| 4 Bedrooms | $1,249 | $1,129 | $120 |
| Median Income | $45,978 | $55,443 | $9,465 |
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
Sioux Falls
- Studio
- $544/mo
- 1 BR
- $672/mo
- 2 BR
- $837/mo
- 3 BR
- $1,012/mo
- 4 BR
- $1,129/mo
- Median Income
- $55,443/yr
Frequently Asked Questions
Is Fargo or Sioux Falls cheaper to rent in?
Sioux Falls is cheaper — a 2-bedroom Fair Market Rent is $837/mo vs $913/mo in Fargo. That's $76/mo or $912/year more expensive in Fargo (9% higher).
What is the 2-bedroom rent in Fargo vs Sioux Falls?
The HUD Fair Market Rent for a 2-bedroom in Fargo is $913/month. In Sioux Falls, a 2-bedroom FMR is $837/month.
How do incomes compare between Fargo and Sioux Falls?
The median household income in Fargo is $45,978/year. In Sioux Falls it is $55,443/year. Sioux Falls has the higher median income.
What is the studio rent in Fargo vs Sioux Falls?
A studio apartment Fair Market Rent in Fargo is $577/mo. In Sioux Falls it is $544/mo.