Eugene-Springfield vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 41% cheaper for renters. A 2-bedroom rents for $770/mo vs $1,086/mo in Eugene-Springfield — saving $3,792/year.
Rent by Unit Size
| Unit Size | Eugene-Springfield | Waco | Difference |
|---|---|---|---|
| Studio | $766 | $530 | $236 |
| 1 Bedroom | $910 | $629 | $281 |
| 2 Bedrooms | $1,086 | $770 | $316 |
| 3 Bedrooms | $1,381 | $988 | $393 |
| 4 Bedrooms | $1,623 | $1,119 | $504 |
| Median Income | $70,814 | $40,886 | $29,928 |
Eugene-Springfield
- Studio
- $766/mo
- 1 BR
- $910/mo
- 2 BR
- $1,086/mo
- 3 BR
- $1,381/mo
- 4 BR
- $1,623/mo
- Median Income
- $70,814/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 Eugene-Springfield or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $1,086/mo in Eugene-Springfield. That's $316/mo or $3,792/year more expensive in Eugene-Springfield (41% higher).
What is the 2-bedroom rent in Eugene-Springfield vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Eugene-Springfield is $1,086/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Eugene-Springfield and Waco?
The median household income in Eugene-Springfield is $70,814/year. In Waco it is $40,886/year. Eugene-Springfield has the higher median income.
What is the studio rent in Eugene-Springfield vs Waco?
A studio apartment Fair Market Rent in Eugene-Springfield is $766/mo. In Waco it is $530/mo.