$710 Plus Fees
- 1 Bed
- 1 Bath
- Condo for Rent
511 Northern Ave Unit 4, Fergus Falls, MN 56537
Property Id: 2873847 Nice 1 BR, apartment. Heat, water,trash removal included. Good credit and background check required. Garage available for an extra fee.
Frequently Asked Questions
How much does it cost to rent a condo in Fergus Falls, MN?
The median rent for a condo in Fergus Falls, MN is $650 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Fergus Falls, MN?
To comfortably afford the median rent in Fergus Falls, MN, a household needs to earn roughly $44,080 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,102 per month in Fergus Falls, MN, renters typically need to show $3,306 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Fergus Falls, MN?
In Fergus Falls, MN, the price-to-rent ratio is 18.1, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
