Detroit-Warren-Dearborn vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 11% cheaper for renters. A 2-bedroom rents for $770/mo vs $852/mo in Detroit-Warren-Dearborn — saving $984/year.
Rent by Unit Size
| Unit Size | Detroit-Warren-Dearborn | Waco | Difference |
|---|---|---|---|
| Studio | $560 | $530 | $30 |
| 1 Bedroom | $718 | $629 | $89 |
| 2 Bedrooms | $852 | $770 | $82 |
| 3 Bedrooms | $1,136 | $988 | $148 |
| 4 Bedrooms | $1,314 | $1,119 | $195 |
| Median Income | $56,005 | $40,886 | $15,119 |
Detroit-Warren-Dearborn
- Studio
- $560/mo
- 1 BR
- $718/mo
- 2 BR
- $852/mo
- 3 BR
- $1,136/mo
- 4 BR
- $1,314/mo
- Median Income
- $56,005/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 Detroit-Warren-Dearborn or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $852/mo in Detroit-Warren-Dearborn. That's $82/mo or $984/year more expensive in Detroit-Warren-Dearborn (11% higher).
What is the 2-bedroom rent in Detroit-Warren-Dearborn vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Detroit-Warren-Dearborn is $852/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Detroit-Warren-Dearborn and Waco?
The median household income in Detroit-Warren-Dearborn is $56,005/year. In Waco it is $40,886/year. Detroit-Warren-Dearborn has the higher median income.
What is the studio rent in Detroit-Warren-Dearborn vs Waco?
A studio apartment Fair Market Rent in Detroit-Warren-Dearborn is $560/mo. In Waco it is $530/mo.