Fort Wayne vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 1% cheaper for renters. A 2-bedroom rents for $770/mo vs $777/mo in Fort Wayne — saving $84/year.
Rent by Unit Size
| Unit Size | Fort Wayne | Waco | Difference |
|---|---|---|---|
| Studio | $499 | $530 | $31 |
| 1 Bedroom | $639 | $629 | $10 |
| 2 Bedrooms | $777 | $770 | $7 |
| 3 Bedrooms | $969 | $988 | $19 |
| 4 Bedrooms | $1,175 | $1,119 | $56 |
| Median Income | $47,806 | $40,886 | $6,920 |
Fort Wayne
- Studio
- $499/mo
- 1 BR
- $639/mo
- 2 BR
- $777/mo
- 3 BR
- $969/mo
- 4 BR
- $1,175/mo
- Median Income
- $47,806/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 Fort Wayne or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $777/mo in Fort Wayne. That's $7/mo or $84/year more expensive in Fort Wayne (1% higher).
What is the 2-bedroom rent in Fort Wayne vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Fort Wayne is $777/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Fort Wayne and Waco?
The median household income in Fort Wayne is $47,806/year. In Waco it is $40,886/year. Fort Wayne has the higher median income.
What is the studio rent in Fort Wayne vs Waco?
A studio apartment Fair Market Rent in Fort Wayne is $499/mo. In Waco it is $530/mo.