Cheap Apartments for Rent in Fargo, ND from $400 (452 Rentals)

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Search the lowest-cost Apartments available for rent right now in Fargo.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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property at 2001 23rd St S

$640 - $740

Studio To 1 Bedroom Rentals

Available Now

2001 23rd St S

FargoND58103

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Fargo, ND Local Guide

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Cheapest Neighborhoods for Apartments in Fargo, ND

Pricing Updated: 07/27/2026

Current apartment rentals in the Fargo, ND area range in price from $200 to $3,800 with an overall median price of $2,130. The three Fargo neighborhoods with the lowest median rent pricing are Lewis and Clark at $200, South High at $200, and Prairiewood at $540. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Fargo Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Lewis and Clark$900$20033
South High$952$20043
Prairiewood$1,155$54034
Carl Ben$1,625$200104
Brunsdale$1,652$43518
Lincoln$1,655$43523
West Acres$1,704$200316
Downtown Fargo$1,775$430148
Willow Park$1,800$515320
Anderson Park$1,816$585160

Cheapest Available Fargo Apartments for Rent

 

The cheapest available apartment rental in Fargo, ND is a 3 Beds unit found at The Arbors at McCormick Park in the West Acres neighborhood priced from $200. Silver Leaf Apartments (North Fargo) in the Hawthorne neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $410. Here is today’s list of the most affordable Fargo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Arbors at McCormick Park3 Bedroom3BR,1BA$200
Silver Leaf Apartments (North Fargo)Studio - No kitchenStudio,1BA$410
Silver Leaf South FargoStudio(No Kitchen)Studio,1BA$435
Royal Apartments1 Bedroom 1 Bathroom1BR,1BA$475
Daybreak PlaceStudio, 0 BathroomStudio,1BA$475
CandlelightEfficiency 01AStudio,1BA$520
Skaff Apartments Moorhead1904- 1 bedroomStudio,1BA$525
Ivy GardensStudioStudio,1BA$540
Pacific Park IStudio 01AStudio,1BA$545
6 11th St S1 Br (8)1BR,1BA$550

Best Value Apartments for Rent in Fargo, ND

As of July 27, 2026 the best value apartment in the Fargo area is the $0.75 price per square foot Two Bedroom 21B Model at Kentwood Manor in the in the West Acres neighborhood starting from $900. The second greatest value Fargo apartment is the 2 Beds, 1.5 baths Model at Southwood Estates starting at $750 with a $0.75 price per square foot in the Hawthorne neighborhood. Here is today’s list of the best values for Fargo apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Kentwood ManorTwo Bedroom 21B2BR,1BA$0.75
Southwood Estates2 Beds, 1.5 baths2BR,1.5BA$0.75
1360 32nd St South2 Beds, 1 bath2BR,1BA$0.60
SunchaseTwo Bedroom 21A2BR,1BA$0.81
FranceTwo Bedroom 21A2BR,1BA$0.80
Maplewood BendTwo Bedroom 21A2BR,1BA$0.73
Bella VistaTwo Bedroom 21A2BR,1BA$0.82
Brookfield I, II & IIITwo Bedroom 21A2BR,1BA$0.78
The Arbors at McCormick Park2 Bedroom2BR,1BA$0.29
Royal Apartments1 Bedroom 1 Bathroom1BR,1BA$0.73

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Fargo Overview

You’ll find plenty of options when looking for Fargo, ND apartments. The city is located in the extreme north of the US. This means that much of the state is very rural. If you love the outdoors, then you’ll love Fargo, ND. Wildlife viewing and camping abound outside of the city. Within Fargo, you’ll find all of the conveniences of a big city and a small-town feel all rolled into one.

Why live in Fargo, ND?

By choosing Fargo, ND for your new home, you won’t be disappointed. If you’re an angler or recreational boater, you’ll love the Red River. One well-known outdoor editor referred to the Red as the “crown jewel” of trophy channel cat fishing. You’ll also find northern pike, walleye and smallmouth bass in its waters. If outdoor activities aren’t your thing or it’s too cold outside, check out the West Acres Mall. With over 120 shops, you’re sure to find something that piques your interest.

Best Local Schools in
Fargo, ND

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Fargo Apartments

What is a cheap apartment in Fargo?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Fargo is under $550.

What is the price of a cheap apartment in Fargo?

The cheapest apartment in Fargo is Royal Apartments which is listed at $475, while the average apartment in Fargo costs $2,130.

What types of apartments are the cheapest in Fargo?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 298 regular apartments in Fargo that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Fargo?

Cheap apartments in Fargo have an average cost of $519 which is $1,611 cheaper than the average rent for all rentals in Fargo.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.