Durham-Chapel Hill vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 43% cheaper for renters. A 2-bedroom rents for $770/mo vs $1,098/mo in Durham-Chapel Hill — saving $3,936/year.
Rent by Unit Size
| Unit Size | Durham-Chapel Hill | Waco | Difference |
|---|---|---|---|
| Studio | $730 | $530 | $200 |
| 1 Bedroom | $882 | $629 | $253 |
| 2 Bedrooms | $1,098 | $770 | $328 |
| 3 Bedrooms | $1,391 | $988 | $403 |
| 4 Bedrooms | $1,605 | $1,119 | $486 |
| Median Income | $69,791 | $40,886 | $28,905 |
Durham-Chapel Hill
- Studio
- $730/mo
- 1 BR
- $882/mo
- 2 BR
- $1,098/mo
- 3 BR
- $1,391/mo
- 4 BR
- $1,605/mo
- Median Income
- $69,791/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 Durham-Chapel Hill or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $1,098/mo in Durham-Chapel Hill. That's $328/mo or $3,936/year more expensive in Durham-Chapel Hill (43% higher).
What is the 2-bedroom rent in Durham-Chapel Hill vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Durham-Chapel Hill is $1,098/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Durham-Chapel Hill and Waco?
The median household income in Durham-Chapel Hill is $69,791/year. In Waco it is $40,886/year. Durham-Chapel Hill has the higher median income.
What is the studio rent in Durham-Chapel Hill vs Waco?
A studio apartment Fair Market Rent in Durham-Chapel Hill is $730/mo. In Waco it is $530/mo.