Cheyenne vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 18% cheaper for renters. A 2-bedroom rents for $770/mo vs $906/mo in Cheyenne — saving $1,632/year.
Rent by Unit Size
| Unit Size | Cheyenne | Waco | Difference |
|---|---|---|---|
| Studio | $586 | $530 | $56 |
| 1 Bedroom | $741 | $629 | $112 |
| 2 Bedrooms | $906 | $770 | $136 |
| 3 Bedrooms | $1,120 | $988 | $132 |
| 4 Bedrooms | $1,322 | $1,119 | $203 |
| Median Income | $46,984 | $40,886 | $6,098 |
Cheyenne
- Studio
- $586/mo
- 1 BR
- $741/mo
- 2 BR
- $906/mo
- 3 BR
- $1,120/mo
- 4 BR
- $1,322/mo
- Median Income
- $46,984/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 Cheyenne or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $906/mo in Cheyenne. That's $136/mo or $1,632/year more expensive in Cheyenne (18% higher).
What is the 2-bedroom rent in Cheyenne vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Cheyenne is $906/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Cheyenne and Waco?
The median household income in Cheyenne is $46,984/year. In Waco it is $40,886/year. Cheyenne has the higher median income.
What is the studio rent in Cheyenne vs Waco?
A studio apartment Fair Market Rent in Cheyenne is $586/mo. In Waco it is $530/mo.