Fresno 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 $1,083/mo in Fresno — saving $3,756/year.
Rent by Unit Size
| Unit Size | Fresno | Waco | Difference |
|---|---|---|---|
| Studio | $732 | $530 | $202 |
| 1 Bedroom | $890 | $629 | $261 |
| 2 Bedrooms | $1,083 | $770 | $313 |
| 3 Bedrooms | $1,294 | $988 | $306 |
| 4 Bedrooms | $1,619 | $1,119 | $500 |
| Median Income | $61,735 | $40,886 | $20,849 |
Fresno
- Studio
- $732/mo
- 1 BR
- $890/mo
- 2 BR
- $1,083/mo
- 3 BR
- $1,294/mo
- 4 BR
- $1,619/mo
- Median Income
- $61,735/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 Fresno or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $1,083/mo in Fresno. That's $313/mo or $3,756/year more expensive in Fresno (41% higher).
What is the 2-bedroom rent in Fresno vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Fresno is $1,083/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Fresno and Waco?
The median household income in Fresno is $61,735/year. In Waco it is $40,886/year. Fresno has the higher median income.
What is the studio rent in Fresno vs Waco?
A studio apartment Fair Market Rent in Fresno is $732/mo. In Waco it is $530/mo.