Downtown Fargo, Fargo, ND Rental Market Trends
Last updated: April 23, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Downtown Fargo is $1,330, a 0.71% decrease compared to the previous year, when the average rent was $1,339.
One-bedroom apartments provide 645 square feet for $1,130, balancing privacy and affordability.
Two-beedroom units at $1,675 offer 1,061 square feet, perfect for roommates or small families.
Average rent in Downtown Fargo, Fargo, ND
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,330 | 796 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,130 | 645 sq. ft. |
| 2 Beds | $1,675 | 1,061 sq. ft. |
| 3 Beds | n/a | n/a |
Downtown Fargo, Fargo, ND rent trends
Rental prices in Downtown Fargo, Fargo, ND have decreased by 0.71% over the past year. The average rent moved from $1,339 to $1,330.
What's the typical rent budget in Downtown Fargo, Fargo, ND?
The largest share of rentals in Downtown Fargo, Fargo, ND (44%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Downtown Fargo, Fargo, ND?
485 or 57% of the households in Downtown Fargo, Fargo, ND are renter-occupied while 365 or 43% are owner-occupied.
Most affordable neighborhoods in Downtown Fargo?
Village West $784/month
Southpointe $854/month
Brunsdale $870/month
All of these neighborhoods fall below the city wide average of $1,126/month.Most expensive neighborhoods in Downtown Fargo?
Madison - Unicorn Park $1,305/month
Downtown Fargo $1,330/month
Brandt Crossing $1,566/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Fargo, ND By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Brandt Crossing | $1,566 |
| Downtown Fargo | $1,330 |
| Madison - Unicorn Park | $1,305 |
| Urban Plains | $1,284 |
| Prairiewoods | $1,193 |
| Anderson Park | $1,187 |
| Roosevelt - NDSU | $1,140 |
| Amber Valley | $1,134 |
| Bluemont Lakes | $1,076 |
| Stonebridge | $1,069 |
| Pointe West | $1,063 |
| Northport | $1,017 |
| Willow Park | $993 |
| West Acres | $904 |
| Westgate | $898 |
| Brunsdale | $870 |
| Southpointe | $854 |
| Village West | $784 |
Fargo | Rent Comparison by Neighborhood
Rent in Downtown Fargo is 17% higher than in Amber Valley
Downtown Fargo rent is the same as Fargo average
Amber Valley rent is 15% lower than Fargo average
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Downtown Fargo apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.