Lexington-Fayette vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 19% cheaper for renters. A 2-bedroom rents for $770/mo vs $913/mo in Lexington-Fayette — saving $1,716/year.
Rent by Unit Size
| Unit Size | Lexington-Fayette | Waco | Difference |
|---|---|---|---|
| Studio | $595 | $530 | $65 |
| 1 Bedroom | $719 | $629 | $90 |
| 2 Bedrooms | $913 | $770 | $143 |
| 3 Bedrooms | $1,047 | $988 | $59 |
| 4 Bedrooms | $1,300 | $1,119 | $181 |
| Median Income | $47,838 | $40,886 | $6,952 |
Lexington-Fayette
- Studio
- $595/mo
- 1 BR
- $719/mo
- 2 BR
- $913/mo
- 3 BR
- $1,047/mo
- 4 BR
- $1,300/mo
- Median Income
- $47,838/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 Lexington-Fayette or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $913/mo in Lexington-Fayette. That's $143/mo or $1,716/year more expensive in Lexington-Fayette (19% higher).
What is the 2-bedroom rent in Lexington-Fayette vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Lexington-Fayette is $913/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Lexington-Fayette and Waco?
The median household income in Lexington-Fayette is $47,838/year. In Waco it is $40,886/year. Lexington-Fayette has the higher median income.
What is the studio rent in Lexington-Fayette vs Waco?
A studio apartment Fair Market Rent in Lexington-Fayette is $595/mo. In Waco it is $530/mo.