What is the Fair Market Rent in Fargo, ND?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home runs from $1,040 to $1,300 a month across the 4 ZIP codes that cover Fargo.

By ZIP code: 58103 $1,040, 58105 $1,040, 58102 $1,040, 58104 $1,300.

Across the whole Fargo, ND-MN MSA the two-bedroom figure is $1,104.

The Census Bureau’s median gross rent for a two-bedroom home in Fargo is $972 (±$23), below the Small Area figure for ZIP 58103.

Figures last updated on November 12, 2026.

2 bedrooms, whole area: $1,104
2 bedrooms, ZIP 58103: $1,040
2 bedrooms, ZIP 58105: $1,040
2 bedrooms, ZIP 58102: $1,040

Fair Market Rents for Fargo, fiscal year 2027

HUD Fair Market Rent, dollars a month (gross rent, including utilities), beside the Census Bureau’s median gross rent for each ZIP code
	Studio	1 bedroom	2 bedrooms	3 bedrooms	4 bedrooms	Census median rent
Fargo, ND-MN MSA (whole area)	$781	$903	$1,104	$1,529	$1,845	—
ZIP 58103	$740	$850	$1,040	$1,440	$1,740	$857
ZIP 58105	$740	$850	$1,040	$1,440	$1,740	—
ZIP 58102 (68% of the ZIP’s land is in this place)	$740	$850	$1,040	$1,440	$1,740	$836
ZIP 58104 (56% of the ZIP’s land is in this place)	$920	$1,060	$1,300	$1,800	$2,170	$1,115

A Fair Market Rent is HUD’s estimate of the gross rent (shelter plus utilities) of a modest rental home in the area.

Whether a housing authority uses the ZIP code (Small Area) figures or the area-wide one depends on whether HUD has designated the area for Small Area FMRs or the authority has opted in; ask the local housing authority which applies.

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Questions about Fargo

What is the Section 8 payment standard in Fargo?

Housing authorities set payment standards between 90% and 110% of HUD’s Fair Market Rent; for fiscal year 2027, the two-bedroom Fair Market Rent for the Fargo, ND-MN MSA is $1,104, and the Small Area figure for 58103 is $1,040.

What is the Fair Market Rent for a two-bedroom in ZIP 58103?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 58103 is $1,040 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $857 (±$17).

What is the Fair Market Rent for a two-bedroom in ZIP 58105?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 58105 is $1,040 a month.

What is the Fair Market Rent for a two-bedroom in ZIP 58102?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 58102 is $1,040 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $836 (±$38).

What is the Fair Market Rent for a one-bedroom in Fargo?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 58103 is $850 a month, against $903 across the Fargo, ND-MN MSA.

Sources

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.