Rent in Fergus Falls, MN
Across Fergus Falls's 2 ZIP codes, a 2-bedroom typically rents for about $1,005 a month, with figures from $938–$1,071. The highest typical rent is in 56538 ($1,071) and the lowest in 56537 ($938). 1 ZIP has ZIP-level figures from HUD or Census; the other 1 uses the county Fair Market Rent. Owner-occupied homes in Otter Tail County pay about 0.77% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.24% in the week of Oct 29, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $704 | $662–$746 | 2 |
| 1 bed | $716 | $613–$819 | 2 |
| 2 beds | $1,005 | $938–$1,071 | 2 |
| 3 beds | $1,338 | $1,199–$1,476 | 2 |
| 4 beds | $1,489 | $1,489 | 2 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Fergus Falls ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Fergus Falls, MN?
- About $1,005 a month: the median of the typical rents in 2 ZIP codes, which range from $938–$1,071. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Fergus Falls, MN?
- About $716 a month: the median of the typical rents in 2 ZIP codes, which range from $613–$819. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Fergus Falls, MN?
- About $1,338 a month: the median of the typical rents in 2 ZIP codes, which range from $1,199–$1,476. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Fergus Falls, MN?
- About $704 a month: the median of the typical rents in 2 ZIP codes, which range from $662–$746. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Fergus Falls, MN?
- About $1,489 a month: the median of the typical rents in 2 ZIP codes, which range from $1,489. Figures are gross rent (rent plus tenant-paid utilities).
- Which Fergus Falls ZIP code has the highest rent?
- For a 2-bedroom, 56538 has the highest typical rent at $1,071 a month, and 56537 the lowest at $938.
- What is the property tax rate in Fergus Falls, MN?
- Owner-occupied homes in Otter Tail County pay a typical 0.77% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.24% in the week of Oct 29, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Fergus Falls rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).