Charlottesville vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 40% cheaper for renters. A 2-bedroom rents for $770/mo vs $1,075/mo in Charlottesville — saving $3,660/year.
Rent by Unit Size
| Unit Size | Charlottesville | Waco | Difference |
|---|---|---|---|
| Studio | $700 | $530 | $170 |
| 1 Bedroom | $878 | $629 | $249 |
| 2 Bedrooms | $1,075 | $770 | $305 |
| 3 Bedrooms | $1,404 | $988 | $416 |
| 4 Bedrooms | $1,498 | $1,119 | $379 |
| Median Income | $70,871 | $40,886 | $29,985 |
Charlottesville
- Studio
- $700/mo
- 1 BR
- $878/mo
- 2 BR
- $1,075/mo
- 3 BR
- $1,404/mo
- 4 BR
- $1,498/mo
- Median Income
- $70,871/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 Charlottesville or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $1,075/mo in Charlottesville. That's $305/mo or $3,660/year more expensive in Charlottesville (40% higher).
What is the 2-bedroom rent in Charlottesville vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Charlottesville is $1,075/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Charlottesville and Waco?
The median household income in Charlottesville is $70,871/year. In Waco it is $40,886/year. Charlottesville has the higher median income.
What is the studio rent in Charlottesville vs Waco?
A studio apartment Fair Market Rent in Charlottesville is $700/mo. In Waco it is $530/mo.