Jacksonville vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 41% cheaper for renters. A 2-bedroom rents for $770/mo vs $1,082/mo in Jacksonville — saving $3,744/year.
Rent by Unit Size
| Unit Size | Jacksonville | Waco | Difference |
|---|---|---|---|
| Studio | $693 | $530 | $163 |
| 1 Bedroom | $862 | $629 | $233 |
| 2 Bedrooms | $1,082 | $770 | $312 |
| 3 Bedrooms | $1,360 | $988 | $372 |
| 4 Bedrooms | $1,586 | $1,119 | $467 |
| Median Income | $66,591 | $40,886 | $25,705 |
Jacksonville
- Studio
- $693/mo
- 1 BR
- $862/mo
- 2 BR
- $1,082/mo
- 3 BR
- $1,360/mo
- 4 BR
- $1,586/mo
- Median Income
- $66,591/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 Jacksonville or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $1,082/mo in Jacksonville. That's $312/mo or $3,744/year more expensive in Jacksonville (41% higher).
What is the 2-bedroom rent in Jacksonville vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Jacksonville is $1,082/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Jacksonville and Waco?
The median household income in Jacksonville is $66,591/year. In Waco it is $40,886/year. Jacksonville has the higher median income.
What is the studio rent in Jacksonville vs Waco?
A studio apartment Fair Market Rent in Jacksonville is $693/mo. In Waco it is $530/mo.