Fargo vs Springfield
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Springfield is 27% cheaper for renters. A 2-bedroom rents for $720/mo vs $913/mo in Fargo — saving $2,316/year.
Rent by Unit Size
| Unit Size | Fargo | Springfield | Difference |
|---|---|---|---|
| Studio | $577 | $490 | $87 |
| 1 Bedroom | $717 | $583 | $134 |
| 2 Bedrooms | $913 | $720 | $193 |
| 3 Bedrooms | $1,145 | $925 | $220 |
| 4 Bedrooms | $1,249 | $987 | $262 |
| Median Income | $45,978 | $37,539 | $8,439 |
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
Springfield
- Studio
- $490/mo
- 1 BR
- $583/mo
- 2 BR
- $720/mo
- 3 BR
- $925/mo
- 4 BR
- $987/mo
- Median Income
- $37,539/yr
Frequently Asked Questions
Is Fargo or Springfield cheaper to rent in?
Springfield is cheaper — a 2-bedroom Fair Market Rent is $720/mo vs $913/mo in Fargo. That's $193/mo or $2,316/year more expensive in Fargo (27% higher).
What is the 2-bedroom rent in Fargo vs Springfield?
The HUD Fair Market Rent for a 2-bedroom in Fargo is $913/month. In Springfield, a 2-bedroom FMR is $720/month.
How do incomes compare between Fargo and Springfield?
The median household income in Fargo is $45,978/year. In Springfield it is $37,539/year. Fargo has the higher median income.
What is the studio rent in Fargo vs Springfield?
A studio apartment Fair Market Rent in Fargo is $577/mo. In Springfield it is $490/mo.