Fargo Fair Market Rent FY 2021 Fargo, ND-MN MSA Rental Data

Fair Market Rent prices in Fargo are high compared to the national average. This FMR area is more expensive than 82% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Fargo is $873 per month.

The previous year, rent for a two-bedroom home was $834 per month. This is a 4.68% increase year-over-year.

This FMR rate applies to Borup, MN, Comstock, MN, Felton, MN, Georgetown, MN, Perley, MN, Wolverton, MN, Sabin, MN, Glyndon, MN, Barnesville, MN, Dilworth, MN and other cities within the region. The Metro Code or CBSA code for this region is METRO22020M22020.

Additionally, This Fair Market Rent (FMR) area Fargo, ND-MN MSA spans one county or city in Minnesota which is listed in the table below. Estimated population of Fargo, ND-MN MSA FMR area is 62,040 people based on latest Census data.

Compared to the rest of Minnesota, the Fargo FMR area is more expensive than 91% of the state.

Median Rent Prices in Fargo

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50^th Percentile Rental Prices: