Colorado Springs vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 48% cheaper for renters. A 2-bedroom rents for $770/mo vs $1,142/mo in Colorado Springs — saving $4,464/year.
Rent by Unit Size
| Unit Size | Colorado Springs | Waco | Difference |
|---|---|---|---|
| Studio | $778 | $530 | $248 |
| 1 Bedroom | $959 | $629 | $330 |
| 2 Bedrooms | $1,142 | $770 | $372 |
| 3 Bedrooms | $1,510 | $988 | $522 |
| 4 Bedrooms | $1,677 | $1,119 | $558 |
| Median Income | $70,288 | $40,886 | $29,402 |
Colorado Springs
- Studio
- $778/mo
- 1 BR
- $959/mo
- 2 BR
- $1,142/mo
- 3 BR
- $1,510/mo
- 4 BR
- $1,677/mo
- Median Income
- $70,288/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 Colorado Springs or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $1,142/mo in Colorado Springs. That's $372/mo or $4,464/year more expensive in Colorado Springs (48% higher).
What is the 2-bedroom rent in Colorado Springs vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Colorado Springs is $1,142/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Colorado Springs and Waco?
The median household income in Colorado Springs is $70,288/year. In Waco it is $40,886/year. Colorado Springs has the higher median income.
What is the studio rent in Colorado Springs vs Waco?
A studio apartment Fair Market Rent in Colorado Springs is $778/mo. In Waco it is $530/mo.