Great Falls vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 3% cheaper for renters. A 2-bedroom rents for $770/mo vs $791/mo in Great Falls — saving $252/year.
Rent by Unit Size
| Unit Size | Great Falls | Waco | Difference |
|---|---|---|---|
| Studio | $519 | $530 | $11 |
| 1 Bedroom | $625 | $629 | $4 |
| 2 Bedrooms | $791 | $770 | $21 |
| 3 Bedrooms | $997 | $988 | $9 |
| 4 Bedrooms | $1,047 | $1,119 | $72 |
| Median Income | $41,522 | $40,886 | $636 |
Great Falls
- Studio
- $519/mo
- 1 BR
- $625/mo
- 2 BR
- $791/mo
- 3 BR
- $997/mo
- 4 BR
- $1,047/mo
- Median Income
- $41,522/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 Great Falls or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $791/mo in Great Falls. That's $21/mo or $252/year more expensive in Great Falls (3% higher).
What is the 2-bedroom rent in Great Falls vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Great Falls is $791/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Great Falls and Waco?
The median household income in Great Falls is $41,522/year. In Waco it is $40,886/year. Great Falls has the higher median income.
What is the studio rent in Great Falls vs Waco?
A studio apartment Fair Market Rent in Great Falls is $519/mo. In Waco it is $530/mo.