Gainesville vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 31% cheaper for renters. A 2-bedroom rents for $770/mo vs $1,011/mo in Gainesville — saving $2,892/year.
Rent by Unit Size
| Unit Size | Gainesville | Waco | Difference |
|---|---|---|---|
| Studio | $680 | $530 | $150 |
| 1 Bedroom | $802 | $629 | $173 |
| 2 Bedrooms | $1,011 | $770 | $241 |
| 3 Bedrooms | $1,236 | $988 | $248 |
| 4 Bedrooms | $1,426 | $1,119 | $307 |
| Median Income | $47,354 | $40,886 | $6,468 |
Gainesville
- Studio
- $680/mo
- 1 BR
- $802/mo
- 2 BR
- $1,011/mo
- 3 BR
- $1,236/mo
- 4 BR
- $1,426/mo
- Median Income
- $47,354/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 Gainesville or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $1,011/mo in Gainesville. That's $241/mo or $2,892/year more expensive in Gainesville (31% higher).
What is the 2-bedroom rent in Gainesville vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Gainesville is $1,011/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Gainesville and Waco?
The median household income in Gainesville is $47,354/year. In Waco it is $40,886/year. Gainesville has the higher median income.
What is the studio rent in Gainesville vs Waco?
A studio apartment Fair Market Rent in Gainesville is $680/mo. In Waco it is $530/mo.