Fargo, ND-MN Average Rent & Rental Yield
Compare average asking rent (median), gross rental yield, home value, and transaction activity before moving into listing-level underwriting or investor discovery.
Average rent in Fargo, ND-MN
The median asking rent in Fargo, ND-MN is $2,000 as of July 2026, based on active rental listings across the metro. We report the median — the midpoint of asking rents — because it tracks the typical listing more reliably than a simple average, which luxury and outlier listings can skew.
Against an average home value of $447,808, that rent level prices Fargo, ND-MN at a 7.98% gross rental yield — compared with 8.30% across North Dakota.
Metro vs state rental signal
The metro read is a first-pass screen. Compare it with the state baseline, then pressure-test taxes, insurance, vacancy, rehab, and financing assumptions at the property level.
Fargo, ND-MN rent and rental yield comparison
The current Fargo, ND-MN baseline is $2,000 median asking rent and 7.98% gross rental yield. Compare rent, yield, and home values with selected North Dakota metros, then open a public report or Rental Insights for property-level follow-up.
Bismarck, ND
Bismarck, ND median asking rent is $2,020, $20 (1%) higher than the $2,000 median asking rent in Fargo, ND-MN.
- Median rent
- $2,020
- Gross yield
- 7.82%
- Avg home value
- $327,200
Minot, ND
Minot, ND median asking rent is $1,795, $205 (10.3%) lower than the $2,000 median asking rent in Fargo, ND-MN.
- Median rent
- $1,795
- Gross yield
- 8.30%
- Avg home value
- $269,970
Grand Forks, ND-MN
Grand Forks, ND-MN and Fargo, ND-MN both have a $2,000 median asking rent.
- Median rent
- $2,000
- Gross yield
- 8.91%
- Avg home value
- $252,048
Dickinson, ND
Dickinson, ND median asking rent is $1,850, $150 (7.5%) lower than the $2,000 median asking rent in Fargo, ND-MN.
- Median rent
- $1,850
- Gross yield
- 8.71%
- Avg home value
- $264,181
Williston, ND
Williston, ND median asking rent is $1,950, $50 (2.5%) lower than the $2,000 median asking rent in Fargo, ND-MN.
- Median rent
- $1,950
- Gross yield
- 9.39%
- Avg home value
- $228,502
Jamestown, ND
Jamestown, ND median asking rent is $1,500, $500 (25%) lower than the $2,000 median asking rent in Fargo, ND-MN.
- Median rent
- $1,500
- Gross yield
- 9.70%
- Avg home value
- $140,922
Fargo, ND-MN rent and yield FAQ
Quick answers based on the latest Fargo, ND-MN rental listing and transaction data.
What is the average rent in Fargo, ND-MN?
As of July 2026, the median asking rent in Fargo, ND-MN is $2,000. SFR Analytics reports the median of active rental listings rather than a simple average so outlier luxury listings do not distort the figure.
What is a good rental yield in Fargo, ND-MN?
Fargo, ND-MN currently prices at a 7.98% gross rental yield, versus 8.30% across North Dakota. Treat gross yield as a first-pass screen — it excludes taxes, insurance, vacancy, rehab, and financing, so underwrite at the property level before acting on it.
Move from Fargo, ND-MN market context to property-level screening
Open Rental Insights with Fargo, ND-MN selected, then pair the yield signal with investor activity and rental data workflows.