Albuquerque vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 24% cheaper for renters. A 2-bedroom rents for $770/mo vs $958/mo in Albuquerque — saving $2,256/year.
Rent by Unit Size
| Unit Size | Albuquerque | Waco | Difference |
|---|---|---|---|
| Studio | $647 | $530 | $117 |
| 1 Bedroom | $793 | $629 | $164 |
| 2 Bedrooms | $958 | $770 | $188 |
| 3 Bedrooms | $1,161 | $988 | $173 |
| 4 Bedrooms | $1,339 | $1,119 | $220 |
| Median Income | $49,585 | $40,886 | $8,699 |
Albuquerque
- Studio
- $647/mo
- 1 BR
- $793/mo
- 2 BR
- $958/mo
- 3 BR
- $1,161/mo
- 4 BR
- $1,339/mo
- Median Income
- $49,585/yr
Waco
- Studio
- $530/mo
- 1 BR
- $629/mo
- 2 BR
- $770/mo
- 3 BR
- $988/mo
- 4 BR
- $1,119/mo
- Median Income
- $40,886/yr
Frequently Asked Questions
Is Albuquerque or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $958/mo in Albuquerque. That's $188/mo or $2,256/year more expensive in Albuquerque (24% higher).
What is the 2-bedroom rent in Albuquerque vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Albuquerque is $958/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Albuquerque and Waco?
The median household income in Albuquerque is $49,585/year. In Waco it is $40,886/year. Albuquerque has the higher median income.
What is the studio rent in Albuquerque vs Waco?
A studio apartment Fair Market Rent in Albuquerque is $647/mo. In Waco it is $530/mo.