Idaho Falls vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 16% cheaper for renters. A 2-bedroom rents for $770/mo vs $897/mo in Idaho Falls — saving $1,524/year.
Rent by Unit Size
| Unit Size | Idaho Falls | Waco | Difference |
|---|---|---|---|
| Studio | $583 | $530 | $53 |
| 1 Bedroom | $710 | $629 | $81 |
| 2 Bedrooms | $897 | $770 | $127 |
| 3 Bedrooms | $1,089 | $988 | $101 |
| 4 Bedrooms | $1,288 | $1,119 | $169 |
| Median Income | $42,238 | $40,886 | $1,352 |
Idaho Falls
- Studio
- $583/mo
- 1 BR
- $710/mo
- 2 BR
- $897/mo
- 3 BR
- $1,089/mo
- 4 BR
- $1,288/mo
- Median Income
- $42,238/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 Idaho Falls or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $897/mo in Idaho Falls. That's $127/mo or $1,524/year more expensive in Idaho Falls (16% higher).
What is the 2-bedroom rent in Idaho Falls vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Idaho Falls is $897/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Idaho Falls and Waco?
The median household income in Idaho Falls is $42,238/year. In Waco it is $40,886/year. Idaho Falls has the higher median income.
What is the studio rent in Idaho Falls vs Waco?
A studio apartment Fair Market Rent in Idaho Falls is $583/mo. In Waco it is $530/mo.