Bismarck vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 6% cheaper for renters. A 2-bedroom rents for $770/mo vs $817/mo in Bismarck — saving $564/year.
Rent by Unit Size
| Unit Size | Bismarck | Waco | Difference |
|---|---|---|---|
| Studio | $555 | $530 | $25 |
| 1 Bedroom | $667 | $629 | $38 |
| 2 Bedrooms | $817 | $770 | $47 |
| 3 Bedrooms | $1,020 | $988 | $32 |
| 4 Bedrooms | $1,141 | $1,119 | $22 |
| Median Income | $52,444 | $40,886 | $11,558 |
Bismarck
- Studio
- $555/mo
- 1 BR
- $667/mo
- 2 BR
- $817/mo
- 3 BR
- $1,020/mo
- 4 BR
- $1,141/mo
- Median Income
- $52,444/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 Bismarck or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $817/mo in Bismarck. That's $47/mo or $564/year more expensive in Bismarck (6% higher).
What is the 2-bedroom rent in Bismarck vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Bismarck is $817/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Bismarck and Waco?
The median household income in Bismarck is $52,444/year. In Waco it is $40,886/year. Bismarck has the higher median income.
What is the studio rent in Bismarck vs Waco?
A studio apartment Fair Market Rent in Bismarck is $555/mo. In Waco it is $530/mo.