Ann Arbor vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 52% cheaper for renters. A 2-bedroom rents for $770/mo vs $1,170/mo in Ann Arbor — saving $4,800/year.
Rent by Unit Size
| Unit Size | Ann Arbor | Waco | Difference |
|---|---|---|---|
| Studio | $781 | $530 | $251 |
| 1 Bedroom | $945 | $629 | $316 |
| 2 Bedrooms | $1,170 | $770 | $400 |
| 3 Bedrooms | $1,486 | $988 | $498 |
| 4 Bedrooms | $1,736 | $1,119 | $617 |
| Median Income | $58,245 | $40,886 | $17,359 |
Ann Arbor
- Studio
- $781/mo
- 1 BR
- $945/mo
- 2 BR
- $1,170/mo
- 3 BR
- $1,486/mo
- 4 BR
- $1,736/mo
- Median Income
- $58,245/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 Ann Arbor or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $1,170/mo in Ann Arbor. That's $400/mo or $4,800/year more expensive in Ann Arbor (52% higher).
What is the 2-bedroom rent in Ann Arbor vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Ann Arbor is $1,170/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Ann Arbor and Waco?
The median household income in Ann Arbor is $58,245/year. In Waco it is $40,886/year. Ann Arbor has the higher median income.
What is the studio rent in Ann Arbor vs Waco?
A studio apartment Fair Market Rent in Ann Arbor is $781/mo. In Waco it is $530/mo.