Modesto 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 $1,092/mo in Modesto — saving $3,864/year.
Rent by Unit Size
| Unit Size | Modesto | Waco | Difference |
|---|---|---|---|
| Studio | $727 | $530 | $197 |
| 1 Bedroom | $912 | $629 | $283 |
| 2 Bedrooms | $1,092 | $770 | $322 |
| 3 Bedrooms | $1,412 | $988 | $424 |
| 4 Bedrooms | $1,509 | $1,119 | $390 |
| Median Income | $56,394 | $40,886 | $15,508 |
Modesto
- Studio
- $727/mo
- 1 BR
- $912/mo
- 2 BR
- $1,092/mo
- 3 BR
- $1,412/mo
- 4 BR
- $1,509/mo
- Median Income
- $56,394/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 Modesto or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $1,092/mo in Modesto. That's $322/mo or $3,864/year more expensive in Modesto (42% higher).
What is the 2-bedroom rent in Modesto vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Modesto is $1,092/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Modesto and Waco?
The median household income in Modesto is $56,394/year. In Waco it is $40,886/year. Modesto has the higher median income.
What is the studio rent in Modesto vs Waco?
A studio apartment Fair Market Rent in Modesto is $727/mo. In Waco it is $530/mo.