Baltimore-Columbia-Towson vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 59% cheaper for renters. A 2-bedroom rents for $770/mo vs $1,227/mo in Baltimore-Columbia-Towson — saving $5,484/year.
Rent by Unit Size
| Unit Size | Baltimore-Columbia-Towson | Waco | Difference |
|---|---|---|---|
| Studio | $829 | $530 | $299 |
| 1 Bedroom | $1,006 | $629 | $377 |
| 2 Bedrooms | $1,227 | $770 | $457 |
| 3 Bedrooms | $1,606 | $988 | $618 |
| 4 Bedrooms | $1,767 | $1,119 | $648 |
| Median Income | $88,278 | $40,886 | $47,392 |
Baltimore-Columbia-Towson
- Studio
- $829/mo
- 1 BR
- $1,006/mo
- 2 BR
- $1,227/mo
- 3 BR
- $1,606/mo
- 4 BR
- $1,767/mo
- Median Income
- $88,278/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 Baltimore-Columbia-Towson or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $1,227/mo in Baltimore-Columbia-Towson. That's $457/mo or $5,484/year more expensive in Baltimore-Columbia-Towson (59% higher).
What is the 2-bedroom rent in Baltimore-Columbia-Towson vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Baltimore-Columbia-Towson is $1,227/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Baltimore-Columbia-Towson and Waco?
The median household income in Baltimore-Columbia-Towson is $88,278/year. In Waco it is $40,886/year. Baltimore-Columbia-Towson has the higher median income.
What is the studio rent in Baltimore-Columbia-Towson vs Waco?
A studio apartment Fair Market Rent in Baltimore-Columbia-Towson is $829/mo. In Waco it is $530/mo.