Milwaukee-Waukesha vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 22% cheaper for renters. A 2-bedroom rents for $770/mo vs $941/mo in Milwaukee-Waukesha — saving $2,052/year.
Rent by Unit Size
| Unit Size | Milwaukee-Waukesha | Waco | Difference |
|---|---|---|---|
| Studio | $640 | $530 | $110 |
| 1 Bedroom | $760 | $629 | $131 |
| 2 Bedrooms | $941 | $770 | $171 |
| 3 Bedrooms | $1,181 | $988 | $193 |
| 4 Bedrooms | $1,384 | $1,119 | $265 |
| Median Income | $63,161 | $40,886 | $22,275 |
Milwaukee-Waukesha
- Studio
- $640/mo
- 1 BR
- $760/mo
- 2 BR
- $941/mo
- 3 BR
- $1,181/mo
- 4 BR
- $1,384/mo
- Median Income
- $63,161/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 Milwaukee-Waukesha or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $941/mo in Milwaukee-Waukesha. That's $171/mo or $2,052/year more expensive in Milwaukee-Waukesha (22% higher).
What is the 2-bedroom rent in Milwaukee-Waukesha vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Milwaukee-Waukesha is $941/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Milwaukee-Waukesha and Waco?
The median household income in Milwaukee-Waukesha is $63,161/year. In Waco it is $40,886/year. Milwaukee-Waukesha has the higher median income.
What is the studio rent in Milwaukee-Waukesha vs Waco?
A studio apartment Fair Market Rent in Milwaukee-Waukesha is $640/mo. In Waco it is $530/mo.