Harrisonburg vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 12% cheaper for renters. A 2-bedroom rents for $770/mo vs $860/mo in Harrisonburg — saving $1,080/year.
Rent by Unit Size
| Unit Size | Harrisonburg | Waco | Difference |
|---|---|---|---|
| Studio | $584 | $530 | $54 |
| 1 Bedroom | $692 | $629 | $63 |
| 2 Bedrooms | $860 | $770 | $90 |
| 3 Bedrooms | $1,085 | $988 | $97 |
| 4 Bedrooms | $1,212 | $1,119 | $93 |
| Median Income | $42,547 | $40,886 | $1,661 |
Harrisonburg
- Studio
- $584/mo
- 1 BR
- $692/mo
- 2 BR
- $860/mo
- 3 BR
- $1,085/mo
- 4 BR
- $1,212/mo
- Median Income
- $42,547/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 Harrisonburg or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $860/mo in Harrisonburg. That's $90/mo or $1,080/year more expensive in Harrisonburg (12% higher).
What is the 2-bedroom rent in Harrisonburg vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Harrisonburg is $860/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Harrisonburg and Waco?
The median household income in Harrisonburg is $42,547/year. In Waco it is $40,886/year. Harrisonburg has the higher median income.
What is the studio rent in Harrisonburg vs Waco?
A studio apartment Fair Market Rent in Harrisonburg is $584/mo. In Waco it is $530/mo.