What is the Fair Market Rent for a 2-bedroom in Fargo, ND-MN MSA?

The HUD Fair Market Rent for a 2-bedroom unit in Fargo, ND-MN MSA is $1,112 per month for fiscal year 2026. The studio FMR is $768, 1-bedroom is $917, 3-bedroom is $1,547, and 4-bedroom is $1,865.

What income do you need to afford the FMR in Fargo, ND-MN MSA?

Using the standard 30%-of-income affordability rule, a household would need to earn about $44,480 per year ($3,707 per month) to afford the FY2026 2-bedroom Fair Market Rent of $1,112 in Fargo, ND-MN MSA.

FY2026 Fair Market Rents — Fargo, ND-MN MSA

The HUD-published Fair Market Rents for FY2026 in this area are:

Studio

$768

1BR

$917

2BR

$1,112

3BR

$1,547

4BR

$1,865

Hours/week at min wage

77 hrs

to afford the 2BR FMR @ $11.13/hr (MN)

National rank

#444

of 661 U.S. metros (top 68% most expensive)

YoY change (2BR)

+9.9%

+$100 vs FY2025 · 5-yr +27.4%

Voucher payment standard

$1,001–$1,223

PHAs set HCV payment at 90–110% of the 2BR FMR

Fargo, ND-MN MSA

Metropolitan area · MN · View full history · Income limits · LIHTC rents

FY2026 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$768	$9,216
1-Bedroom	$917	$11,004
2-Bedroom	$1,112	$13,344
3-Bedroom	$1,547	$18,564
4-Bedroom	$1,865	$22,380

Recent 2-Bedroom FMR Trend

FY2020 $834 → FY2026 $1,112

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2026	$768	$917	$1,112	$1,547	$1,865
FY2025	$694	$836	$1,012	$1,418	$1,699
FY2024	$656	$781	$944	$1,330	$1,602
FY2023	$634	$749	$911	$1,295	$1,552
FY2022	$597	$705	$859	$1,220	$1,470
FY2021	$593	$712	$873	$1,249	$1,512
FY2020	$555	$676	$834	$1,203	$1,464

View full FMR history back to FY2000 →

FY2026 Income Limits

Area Median Income (AMI): $115,200

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$24,200	$27,650	$31,100	$34,550	$38,680	$44,360
50% AMI (Very Low)	$40,350	$46,100	$51,850	$57,600	$62,250	$66,850
80% AMI (Low)	$64,550	$73,750	$82,950	$92,150	$99,550	$106,900

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$13,344/yr

FMR as % of Area Median Income

11.6% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$44,480/yr

$3,707/mo gross income

FY2026 LIHTC Maximum Rents

Maximum gross rents for Low-Income Housing Tax Credit units, by income band. Full LIHTC details →

AMI Band	Studio	1BR	2BR	3BR	4BR
50% AMI Maximum	$1,008	$1,152	$1,296	$1,555	$1,670
60% AMI Maximum	$1,209	$1,382	$1,555	$1,866	$2,004

FY2026 HOME Program Rent Limits

Maximum rents for HOME Investment Partnerships–funded units. High HOME rents apply to most assisted units; Low HOME rents apply to the lowest-income set-aside units. Full HOME rent details →

Limit Type	Studio	1BR	2BR	3BR	4BR
High HOME Rent	$768	$917	$1,112	$1,547	$1,865
Low HOME Rent	$1,008	$1,152	$1,296	$1,440	$1,556

Small Area FMRs by ZIP Code

This metro publishes ZIP-level Small Area Fair Market Rents. Metro-wide 2BR FMR: $1,112. About SAFMRs →

Highest-cost ZIPs (2BR SAFMR)

56519	$1,460
58059	$1,440
56584	$1,330
58104	$1,300
56546	$1,290

Lowest-cost ZIPs (2BR SAFMR)

56536	$970
56552	$970
56554	$970
56580	$970
56585	$970

All 55 ZIP codes in this area

56514 56519 56525 56529 56536 56546 56547 56549 56552 56554 56560 56561 56562 56563 56572 56574 56580 56584 56585 56594 58002 58004 58005 58006 58007 58011 58012 58015 58021 58027 58029 58031 58035 58036 58038 58042 58046 58047 58048 58051 58052 58059 58064 58068 58071 58078 58079 58102 58103 58104 58105 58106 58107 58108 58109

Compare Fargo, ND-MN MSA With Other MN Metros

vs. Duluth, MN-WI MSA vs. Fillmore County, MN HUD Metro FMR Area vs. Grand Forks, ND-MN MSA vs. La Crosse-Onalaska, WI-MN MSA vs. Lake County, MN HUD Metro FMR Area

Counties in This FMR Area

Clay County Cass County