Grand Rapids-Kentwood vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 23% cheaper for renters. A 2-bedroom rents for $770/mo vs $945/mo in Grand Rapids-Kentwood — saving $2,100/year.
Rent by Unit Size
| Unit Size | Grand Rapids-Kentwood | Waco | Difference |
|---|---|---|---|
| Studio | $583 | $530 | $53 |
| 1 Bedroom | $741 | $629 | $112 |
| 2 Bedrooms | $945 | $770 | $175 |
| 3 Bedrooms | $1,145 | $988 | $157 |
| 4 Bedrooms | $1,345 | $1,119 | $226 |
| Median Income | $58,686 | $40,886 | $17,800 |
Grand Rapids-Kentwood
- Studio
- $583/mo
- 1 BR
- $741/mo
- 2 BR
- $945/mo
- 3 BR
- $1,145/mo
- 4 BR
- $1,345/mo
- Median Income
- $58,686/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 Grand Rapids-Kentwood or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $945/mo in Grand Rapids-Kentwood. That's $175/mo or $2,100/year more expensive in Grand Rapids-Kentwood (23% higher).
What is the 2-bedroom rent in Grand Rapids-Kentwood vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Grand Rapids-Kentwood is $945/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Grand Rapids-Kentwood and Waco?
The median household income in Grand Rapids-Kentwood is $58,686/year. In Waco it is $40,886/year. Grand Rapids-Kentwood has the higher median income.
What is the studio rent in Grand Rapids-Kentwood vs Waco?
A studio apartment Fair Market Rent in Grand Rapids-Kentwood is $583/mo. In Waco it is $530/mo.