Minneapolis-St. Paul-Bloomington vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 42% cheaper for renters. A 2-bedroom rents for $770/mo vs $1,091/mo in Minneapolis-St. Paul-Bloomington — saving $3,852/year.
Rent by Unit Size
| Unit Size | Minneapolis-St. Paul-Bloomington | Waco | Difference |
|---|---|---|---|
| Studio | $731 | $530 | $201 |
| 1 Bedroom | $917 | $629 | $288 |
| 2 Bedrooms | $1,091 | $770 | $321 |
| 3 Bedrooms | $1,436 | $988 | $448 |
| 4 Bedrooms | $1,675 | $1,119 | $556 |
| Median Income | $69,491 | $40,886 | $28,605 |
Minneapolis-St. Paul-Bloomington
- Studio
- $731/mo
- 1 BR
- $917/mo
- 2 BR
- $1,091/mo
- 3 BR
- $1,436/mo
- 4 BR
- $1,675/mo
- Median Income
- $69,491/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 Minneapolis-St. Paul-Bloomington or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $1,091/mo in Minneapolis-St. Paul-Bloomington. That's $321/mo or $3,852/year more expensive in Minneapolis-St. Paul-Bloomington (42% higher).
What is the 2-bedroom rent in Minneapolis-St. Paul-Bloomington vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Minneapolis-St. Paul-Bloomington is $1,091/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Minneapolis-St. Paul-Bloomington and Waco?
The median household income in Minneapolis-St. Paul-Bloomington is $69,491/year. In Waco it is $40,886/year. Minneapolis-St. Paul-Bloomington has the higher median income.
What is the studio rent in Minneapolis-St. Paul-Bloomington vs Waco?
A studio apartment Fair Market Rent in Minneapolis-St. Paul-Bloomington is $731/mo. In Waco it is $530/mo.