Fergus Falls renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Fergus Falls is about $767 per month. This puts it in the 39th percentile compared to the state average cost of rent, which is $1,169. Households in Fergus Falls have a median income of $5,032 per month so the average renter in Fergus Falls is spending roughly 15% of their earnings on housing.
Nationally, and in Fergus Falls, home values are the data point most closely correlated with the cost of rent. The median price of a home in Fergus Falls is $173,378 right now, which is lower than nearby cities, meaning that rents in Fergus Falls also tend to be lower versus these nearby cities.
Higher rent prices are common in the northwestern parts of Fergus Falls while lower rent rates are often available in eastern areas.
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