Lincoln vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 8% cheaper for renters. A 2-bedroom rents for $770/mo vs $835/mo in Lincoln — saving $780/year.
Rent by Unit Size
| Unit Size | Lincoln | Waco | Difference |
|---|---|---|---|
| Studio | $561 | $530 | $31 |
| 1 Bedroom | $685 | $629 | $56 |
| 2 Bedrooms | $835 | $770 | $65 |
| 3 Bedrooms | $1,007 | $988 | $19 |
| 4 Bedrooms | $1,216 | $1,119 | $97 |
| Median Income | $40,210 | $40,886 | $676 |
Lincoln
- Studio
- $561/mo
- 1 BR
- $685/mo
- 2 BR
- $835/mo
- 3 BR
- $1,007/mo
- 4 BR
- $1,216/mo
- Median Income
- $40,210/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 Lincoln or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $835/mo in Lincoln. That's $65/mo or $780/year more expensive in Lincoln (8% higher).
What is the 2-bedroom rent in Lincoln vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Lincoln is $835/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Lincoln and Waco?
The median household income in Lincoln is $40,210/year. In Waco it is $40,886/year. Waco has the higher median income.
What is the studio rent in Lincoln vs Waco?
A studio apartment Fair Market Rent in Lincoln is $561/mo. In Waco it is $530/mo.