Chattanooga 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 $820/mo in Chattanooga — saving $600/year.
Rent by Unit Size
| Unit Size | Chattanooga | Waco | Difference |
|---|---|---|---|
| Studio | $557 | $530 | $27 |
| 1 Bedroom | $669 | $629 | $40 |
| 2 Bedrooms | $820 | $770 | $50 |
| 3 Bedrooms | $1,035 | $988 | $47 |
| 4 Bedrooms | $1,226 | $1,119 | $107 |
| Median Income | $44,498 | $40,886 | $3,612 |
Chattanooga
- Studio
- $557/mo
- 1 BR
- $669/mo
- 2 BR
- $820/mo
- 3 BR
- $1,035/mo
- 4 BR
- $1,226/mo
- Median Income
- $44,498/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 Chattanooga or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $820/mo in Chattanooga. That's $50/mo or $600/year more expensive in Chattanooga (6% higher).
What is the 2-bedroom rent in Chattanooga vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Chattanooga is $820/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Chattanooga and Waco?
The median household income in Chattanooga is $44,498/year. In Waco it is $40,886/year. Chattanooga has the higher median income.
What is the studio rent in Chattanooga vs Waco?
A studio apartment Fair Market Rent in Chattanooga is $557/mo. In Waco it is $530/mo.