Laredo vs Wilmington
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Laredo is 47% cheaper for renters. A 2-bedroom rents for $698/mo vs $1,024/mo in Wilmington — saving $3,912/year.
Rent by Unit Size
| Unit Size | Laredo | Wilmington | Difference |
|---|---|---|---|
| Studio | $463 | $656 | $193 |
| 1 Bedroom | $552 | $838 | $286 |
| 2 Bedrooms | $698 | $1,024 | $326 |
| 3 Bedrooms | $851 | $1,314 | $463 |
| 4 Bedrooms | $966 | $1,459 | $493 |
| Median Income | $40,343 | $52,995 | $12,652 |
Laredo
- Studio
- $463/mo
- 1 BR
- $552/mo
- 2 BR
- $698/mo
- 3 BR
- $851/mo
- 4 BR
- $966/mo
- Median Income
- $40,343/yr
Wilmington
- Studio
- $656/mo
- 1 BR
- $838/mo
- 2 BR
- $1,024/mo
- 3 BR
- $1,314/mo
- 4 BR
- $1,459/mo
- Median Income
- $52,995/yr
Frequently Asked Questions
Is Laredo or Wilmington cheaper to rent in?
Laredo is cheaper — a 2-bedroom Fair Market Rent is $698/mo vs $1,024/mo in Wilmington. That's $326/mo or $3,912/year more expensive in Wilmington (47% higher).
What is the 2-bedroom rent in Laredo vs Wilmington?
The HUD Fair Market Rent for a 2-bedroom in Laredo is $698/month. In Wilmington, a 2-bedroom FMR is $1,024/month.
How do incomes compare between Laredo and Wilmington?
The median household income in Laredo is $40,343/year. In Wilmington it is $52,995/year. Wilmington has the higher median income.
What is the studio rent in Laredo vs Wilmington?
A studio apartment Fair Market Rent in Laredo is $463/mo. In Wilmington it is $656/mo.