Minnesota, known as the "Land of 10,000 Lakes", boasts breathtaking landscapes and a thriving arts and cultural community that enchants you. Immerse yourself in Minnesota's roots and history through the City Museum and the Science Museum of Minnesota, or invest in your education through the University of Minnesota, St. Cloud State University, and Minnesota State University, Mankato. In addition, residents can enjoy a vibrant arts and cultural scene in the Twin Cities of Minneapolis and St. Paul, including the famous Walker Art Center and the Minnesota Orchestra, providing a wealth of entertainment options.

Sports enthusiasts can enjoy cheering on professional teams such as the Minnesota Vikings (NFL), Minnesota Twins (MLB), and Minnesota Timberwolves (NBA), providing ample opportunities for excitement. Explore famous attractions like the Mall of America, the James J. Hill House, and the historic town of Duluth, each providing a unique glimpse into Minnesota's history and culture. In addition, the state offers many outdoor recreation opportunities, from boating and fishing in its 10,000 lakes to skiing in the Minnesota River Valley.

Minnesota offers a unique blend of natural beauty, quality of life, and affordability, making it a great place to call home.

Rental Market Trends

Fergus Falls, MN

As of March 2026, Fergus Falls's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Fergus Falls's average rent is 36.9% ($565) lower than the Minnesota average of $1,533 and 45.3% ($801) lower than the U.S. average of $1,769.

Average Rent

$968

Monthly ChangeMonth Over Month Change

2.6% ($26)

Yearly ChangeYear Over Year Change

4% ($37)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$786	3.1% ($25)	9% ($78)
2 Beds	$983	3.5% ($36)	1.9% ($18)
3 Beds	$1,210	5.1% ($65)	9.4% ($104)

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Fergus Falls Rental Market FAQs

Explore rental prices, market trends, and availability in Fergus Falls, MN.

What is the average rent in Fergus Falls, MN?

The average rent in Fergus Falls, MN is $968 per month.

What is the rental price range for homes in Fergus Falls, MN?

Homes in Fergus Falls typically rent for between $600 and $1,573 per month, with an average of $968 per month.

What is the average rent for different bedroom sizes in Fergus Falls, MN?

In Fergus Falls, the average rent for a 1-bedroom home is $786 per month, for a 2-bedroom home, $983 per month, and a 3-bedroom home is $1,210 per month.

How do rent prices in Fergus Falls, MN compare with the national average?

The average rent in Fergus Falls is 45.3% ($801) lower than the national average of $1,769 per month.

How have rent prices in Fergus Falls, MN changed recently?

The average rent in Fergus Falls has decreased by 2.6% ($26) in the last month and increased by 4.0% ($37) over the past year.

How competitive is the rental market in Fergus Falls, MN?

The rental market in Fergus Falls, MN, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Fergus Falls, MN?

In Fergus Falls, MN, the average rental stays on the market for approximately 40 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Fergus Falls, MN?

There are currently 10 rental properties available in Fergus Falls, MN.

Can I afford to rent a home in Fergus Falls, MN?

Based on the current averages, a household would need an annual income of $39,320 to comfortably afford a 2-bedroom home in Fergus Falls.