Las Cruces vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 5% cheaper for renters. A 2-bedroom rents for $770/mo vs $806/mo in Las Cruces — saving $432/year.
Rent by Unit Size
| Unit Size | Las Cruces | Waco | Difference |
|---|---|---|---|
| Studio | $537 | $530 | $7 |
| 1 Bedroom | $638 | $629 | $9 |
| 2 Bedrooms | $806 | $770 | $36 |
| 3 Bedrooms | $949 | $988 | $39 |
| 4 Bedrooms | $1,133 | $1,119 | $14 |
| Median Income | $43,858 | $40,886 | $2,972 |
Las Cruces
- Studio
- $537/mo
- 1 BR
- $638/mo
- 2 BR
- $806/mo
- 3 BR
- $949/mo
- 4 BR
- $1,133/mo
- Median Income
- $43,858/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 Las Cruces or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $806/mo in Las Cruces. That's $36/mo or $432/year more expensive in Las Cruces (5% higher).
What is the 2-bedroom rent in Las Cruces vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Las Cruces is $806/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Las Cruces and Waco?
The median household income in Las Cruces is $43,858/year. In Waco it is $40,886/year. Las Cruces has the higher median income.
What is the studio rent in Las Cruces vs Waco?
A studio apartment Fair Market Rent in Las Cruces is $537/mo. In Waco it is $530/mo.