El Paso vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 13% cheaper for renters. A 2-bedroom rents for $770/mo vs $868/mo in El Paso — saving $1,176/year.
Rent by Unit Size
| Unit Size | El Paso | Waco | Difference |
|---|---|---|---|
| Studio | $557 | $530 | $27 |
| 1 Bedroom | $685 | $629 | $56 |
| 2 Bedrooms | $868 | $770 | $98 |
| 3 Bedrooms | $1,052 | $988 | $64 |
| 4 Bedrooms | $1,194 | $1,119 | $75 |
| Median Income | $45,964 | $40,886 | $5,078 |
El Paso
- Studio
- $557/mo
- 1 BR
- $685/mo
- 2 BR
- $868/mo
- 3 BR
- $1,052/mo
- 4 BR
- $1,194/mo
- Median Income
- $45,964/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 El Paso or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $868/mo in El Paso. That's $98/mo or $1,176/year more expensive in El Paso (13% higher).
What is the 2-bedroom rent in El Paso vs Waco?
The HUD Fair Market Rent for a 2-bedroom in El Paso is $868/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between El Paso and Waco?
The median household income in El Paso is $45,964/year. In Waco it is $40,886/year. El Paso has the higher median income.
What is the studio rent in El Paso vs Waco?
A studio apartment Fair Market Rent in El Paso is $557/mo. In Waco it is $530/mo.