Cleveland-Elyria vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 10% cheaper for renters. A 2-bedroom rents for $770/mo vs $844/mo in Cleveland-Elyria — saving $888/year.
Rent by Unit Size
| Unit Size | Cleveland-Elyria | Waco | Difference |
|---|---|---|---|
| Studio | $566 | $530 | $36 |
| 1 Bedroom | $677 | $629 | $48 |
| 2 Bedrooms | $844 | $770 | $74 |
| 3 Bedrooms | $1,081 | $988 | $93 |
| 4 Bedrooms | $1,197 | $1,119 | $78 |
| Median Income | $59,020 | $40,886 | $18,134 |
Cleveland-Elyria
- Studio
- $566/mo
- 1 BR
- $677/mo
- 2 BR
- $844/mo
- 3 BR
- $1,081/mo
- 4 BR
- $1,197/mo
- Median Income
- $59,020/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 Cleveland-Elyria or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $844/mo in Cleveland-Elyria. That's $74/mo or $888/year more expensive in Cleveland-Elyria (10% higher).
What is the 2-bedroom rent in Cleveland-Elyria vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Cleveland-Elyria is $844/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Cleveland-Elyria and Waco?
The median household income in Cleveland-Elyria is $59,020/year. In Waco it is $40,886/year. Cleveland-Elyria has the higher median income.
What is the studio rent in Cleveland-Elyria vs Waco?
A studio apartment Fair Market Rent in Cleveland-Elyria is $566/mo. In Waco it is $530/mo.