Missoula vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 40% cheaper for renters. A 2-bedroom rents for $770/mo vs $1,081/mo in Missoula — saving $3,732/year.
Rent by Unit Size
| Unit Size | Missoula | Waco | Difference |
|---|---|---|---|
| Studio | $762 | $530 | $232 |
| 1 Bedroom | $909 | $629 | $280 |
| 2 Bedrooms | $1,081 | $770 | $311 |
| 3 Bedrooms | $1,423 | $988 | $435 |
| 4 Bedrooms | $1,651 | $1,119 | $532 |
| Median Income | $73,596 | $40,886 | $32,710 |
Missoula
- Studio
- $762/mo
- 1 BR
- $909/mo
- 2 BR
- $1,081/mo
- 3 BR
- $1,423/mo
- 4 BR
- $1,651/mo
- Median Income
- $73,596/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 Missoula or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $1,081/mo in Missoula. That's $311/mo or $3,732/year more expensive in Missoula (40% higher).
What is the 2-bedroom rent in Missoula vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Missoula is $1,081/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Missoula and Waco?
The median household income in Missoula is $73,596/year. In Waco it is $40,886/year. Missoula has the higher median income.
What is the studio rent in Missoula vs Waco?
A studio apartment Fair Market Rent in Missoula is $762/mo. In Waco it is $530/mo.