Asheville vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 44% cheaper for renters. A 2-bedroom rents for $770/mo vs $1,106/mo in Asheville — saving $4,032/year.
Rent by Unit Size
| Unit Size | Asheville | Waco | Difference |
|---|---|---|---|
| Studio | $689 | $530 | $159 |
| 1 Bedroom | $875 | $629 | $246 |
| 2 Bedrooms | $1,106 | $770 | $336 |
| 3 Bedrooms | $1,316 | $988 | $328 |
| 4 Bedrooms | $1,577 | $1,119 | $458 |
| Median Income | $64,400 | $40,886 | $23,514 |
Asheville
- Studio
- $689/mo
- 1 BR
- $875/mo
- 2 BR
- $1,106/mo
- 3 BR
- $1,316/mo
- 4 BR
- $1,577/mo
- Median Income
- $64,400/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 Asheville or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $1,106/mo in Asheville. That's $336/mo or $4,032/year more expensive in Asheville (44% higher).
What is the 2-bedroom rent in Asheville vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Asheville is $1,106/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Asheville and Waco?
The median household income in Asheville is $64,400/year. In Waco it is $40,886/year. Asheville has the higher median income.
What is the studio rent in Asheville vs Waco?
A studio apartment Fair Market Rent in Asheville is $689/mo. In Waco it is $530/mo.