Fargo vs Toledo
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Toledo is 19% cheaper for renters. A 2-bedroom rents for $769/mo vs $913/mo in Fargo — saving $1,728/year.
Rent by Unit Size
| Unit Size | Fargo | Toledo | Difference |
|---|---|---|---|
| Studio | $577 | $521 | $56 |
| 1 Bedroom | $717 | $622 | $95 |
| 2 Bedrooms | $913 | $769 | $144 |
| 3 Bedrooms | $1,145 | $990 | $155 |
| 4 Bedrooms | $1,249 | $1,150 | $99 |
| Median Income | $45,978 | $44,170 | $1,808 |
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
Toledo
- Studio
- $521/mo
- 1 BR
- $622/mo
- 2 BR
- $769/mo
- 3 BR
- $990/mo
- 4 BR
- $1,150/mo
- Median Income
- $44,170/yr
Frequently Asked Questions
Is Fargo or Toledo cheaper to rent in?
Toledo is cheaper — a 2-bedroom Fair Market Rent is $769/mo vs $913/mo in Fargo. That's $144/mo or $1,728/year more expensive in Fargo (19% higher).
What is the 2-bedroom rent in Fargo vs Toledo?
The HUD Fair Market Rent for a 2-bedroom in Fargo is $913/month. In Toledo, a 2-bedroom FMR is $769/month.
How do incomes compare between Fargo and Toledo?
The median household income in Fargo is $45,978/year. In Toledo it is $44,170/year. Fargo has the higher median income.
What is the studio rent in Fargo vs Toledo?
A studio apartment Fair Market Rent in Fargo is $577/mo. In Toledo it is $521/mo.