Knoxville vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 9% cheaper for renters. A 2-bedroom rents for $770/mo vs $836/mo in Knoxville — saving $792/year.
Rent by Unit Size
| Unit Size | Knoxville | Waco | Difference |
|---|---|---|---|
| Studio | $566 | $530 | $36 |
| 1 Bedroom | $693 | $629 | $64 |
| 2 Bedrooms | $836 | $770 | $66 |
| 3 Bedrooms | $1,106 | $988 | $118 |
| 4 Bedrooms | $1,220 | $1,119 | $101 |
| Median Income | $54,020 | $40,886 | $13,134 |
Knoxville
- Studio
- $566/mo
- 1 BR
- $693/mo
- 2 BR
- $836/mo
- 3 BR
- $1,106/mo
- 4 BR
- $1,220/mo
- Median Income
- $54,020/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 Knoxville or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $836/mo in Knoxville. That's $66/mo or $792/year more expensive in Knoxville (9% higher).
What is the 2-bedroom rent in Knoxville vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Knoxville is $836/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Knoxville and Waco?
The median household income in Knoxville is $54,020/year. In Waco it is $40,886/year. Knoxville has the higher median income.
What is the studio rent in Knoxville vs Waco?
A studio apartment Fair Market Rent in Knoxville is $566/mo. In Waco it is $530/mo.