Cape Coral-Fort Myers 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 $1,171/mo in Cape Coral-Fort Myers — saving $4,812/year.
Rent by Unit Size
| Unit Size | Cape Coral-Fort Myers | Waco | Difference |
|---|---|---|---|
| Studio | $802 | $530 | $272 |
| 1 Bedroom | $985 | $629 | $356 |
| 2 Bedrooms | $1,171 | $770 | $401 |
| 3 Bedrooms | $1,479 | $988 | $491 |
| 4 Bedrooms | $1,690 | $1,119 | $571 |
| Median Income | $72,521 | $40,886 | $31,635 |
Cape Coral-Fort Myers
- Studio
- $802/mo
- 1 BR
- $985/mo
- 2 BR
- $1,171/mo
- 3 BR
- $1,479/mo
- 4 BR
- $1,690/mo
- Median Income
- $72,521/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 Cape Coral-Fort Myers or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $1,171/mo in Cape Coral-Fort Myers. That's $401/mo or $4,812/year more expensive in Cape Coral-Fort Myers (52% higher).
What is the 2-bedroom rent in Cape Coral-Fort Myers vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Cape Coral-Fort Myers is $1,171/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Cape Coral-Fort Myers and Waco?
The median household income in Cape Coral-Fort Myers is $72,521/year. In Waco it is $40,886/year. Cape Coral-Fort Myers has the higher median income.
What is the studio rent in Cape Coral-Fort Myers vs Waco?
A studio apartment Fair Market Rent in Cape Coral-Fort Myers is $802/mo. In Waco it is $530/mo.