Medford vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 38% cheaper for renters. A 2-bedroom rents for $770/mo vs $1,065/mo in Medford — saving $3,540/year.
Rent by Unit Size
| Unit Size | Medford | Waco | Difference |
|---|---|---|---|
| Studio | $704 | $530 | $174 |
| 1 Bedroom | $865 | $629 | $236 |
| 2 Bedrooms | $1,065 | $770 | $295 |
| 3 Bedrooms | $1,318 | $988 | $330 |
| 4 Bedrooms | $1,480 | $1,119 | $361 |
| Median Income | $51,417 | $40,886 | $10,531 |
Medford
- Studio
- $704/mo
- 1 BR
- $865/mo
- 2 BR
- $1,065/mo
- 3 BR
- $1,318/mo
- 4 BR
- $1,480/mo
- Median Income
- $51,417/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 Medford or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $1,065/mo in Medford. That's $295/mo or $3,540/year more expensive in Medford (38% higher).
What is the 2-bedroom rent in Medford vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Medford is $1,065/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Medford and Waco?
The median household income in Medford is $51,417/year. In Waco it is $40,886/year. Medford has the higher median income.
What is the studio rent in Medford vs Waco?
A studio apartment Fair Market Rent in Medford is $704/mo. In Waco it is $530/mo.