Oklahoma City vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 5% cheaper for renters. A 2-bedroom rents for $770/mo vs $805/mo in Oklahoma City — saving $420/year.
Rent by Unit Size
| Unit Size | Oklahoma City | Waco | Difference |
|---|---|---|---|
| Studio | $543 | $530 | $13 |
| 1 Bedroom | $673 | $629 | $44 |
| 2 Bedrooms | $805 | $770 | $35 |
| 3 Bedrooms | $1,023 | $988 | $35 |
| 4 Bedrooms | $1,127 | $1,119 | $8 |
| Median Income | $52,559 | $40,886 | $11,673 |
Oklahoma City
- Studio
- $543/mo
- 1 BR
- $673/mo
- 2 BR
- $805/mo
- 3 BR
- $1,023/mo
- 4 BR
- $1,127/mo
- Median Income
- $52,559/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 Oklahoma City or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $805/mo in Oklahoma City. That's $35/mo or $420/year more expensive in Oklahoma City (5% higher).
What is the 2-bedroom rent in Oklahoma City vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Oklahoma City is $805/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Oklahoma City and Waco?
The median household income in Oklahoma City is $52,559/year. In Waco it is $40,886/year. Oklahoma City has the higher median income.
What is the studio rent in Oklahoma City vs Waco?
A studio apartment Fair Market Rent in Oklahoma City is $543/mo. In Waco it is $530/mo.