Studio Rent · July 2026

Studio Apartment Rent in Fargo, ND

$693/mo

Median asking rent for a studio apartment in Fargo, North Dakota as of July 2026. That's +36% lower than the citywide median of $1,088 and +46% below the national studio median of $1,290.

Studio median
$693
July 2026
vs city overall
-36%
$1,088 city median
vs national
-46%
$1,290 US median
North Dakota rank
#2
of 11 cities

Income needed for a studio in Fargo

Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a studio at the current median rent.

Annual income
$27,720
Monthly gross
$2,310
Hourly (full-time)
$13.33

Rent by apartment size in Fargo

Compare Fargo's median rent across every apartment size.

Studio (current)
$693
1-Bedroom
$840
2-Bedroom
$1,013
3-Bedroom
$1,423
4+ Bedroom
$1,707

Cheapest cities for a studio in North Dakota

#CityStudio rent
1Minot$680
2Fargo (this page)$693
3Wahpeton$700
4Jamestown$710
5West Fargo$770
6Grand Forks$780
7Mandan$830
8Bismarck$850
9Dickinson$850
10Williston$1,010
11Watford City$1,130

Most expensive cities for a studio in North Dakota

#CityStudio rent
1Watford City$1,130
2Williston$1,010
3Dickinson$850
4Bismarck$850
5Mandan$830
6Grand Forks$780
7West Fargo$770
8Jamestown$710
9Wahpeton$700
10Fargo (this page)$693
11Minot$680

Nearby cities — studio rent

Considering nearby alternatives? 1 of these cities have cheaper studio rents than Fargo.

CityDistanceStudio rentvs Fargo
West Fargo, ND6.3 mi$770+$77 (+11%)
Moorhead, MN6.8 mi$710+$17 (+2%)
Wahpeton, ND40.9 mi$700+$7 (+1%)
Grand Forks, ND76.4 mi$780+$87 (+13%)
Jamestown, ND133.5 mi$710+$17 (+2%)
Bemidji, MN143 mi$800+$107 (+15%)
Aberdeen, SD151 mi$680$-13 (-2%)

Studio rent in Fargo — common questions

How much is a studio apartment in Fargo?

As of July 2026, the median studio apartment rent in Fargo, North Dakota is $693 per month. This is +36% below the citywide median of $1,088.

What income do you need to afford a studio in Fargo?

Using the standard 30% rent-to-income rule, you would need an annual income of about $27,720 ($2,310/month gross), which works out to roughly $13.33/hour at a full-time job.

Is Fargo expensive for a studio compared to the rest of the US?

Fargo's studio median of $693 is +46% below the national studio median of $1,290. It ranks in the 3th percentile of US cities tracked.

How does Fargo rank for studio rent in North Dakota?

Among the 11 cities in North Dakota with studio data, Fargo ranks #2 from cheapest to most expensive.

Are there cheaper studio options near Fargo?

Yes — nearby cities with cheaper studio rents include Aberdeen ($680).

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Methodology: Bedroom-level rent medians come from HUD Fair Market Rent data calibrated to the Zillow Observed Rent Index (ZORI) for Fargo, which serves as the citywide anchor. When the HUD bedroom values exceed the ZORI city median (a common quirk in luxury markets and small samples), bedroom values are proportionally scaled down to align. Income required uses the standard 30% rent-to-income guideline. Comparison rankings use the same data month across all cities (July 2026) and exclude cities with median rent below $400 or above $20,000.