Palm Bay-Melbourne-Titusville vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 37% cheaper for renters. A 2-bedroom rents for $770/mo vs $1,057/mo in Palm Bay-Melbourne-Titusville — saving $3,444/year.
Rent by Unit Size
| Unit Size | Palm Bay-Melbourne-Titusville | Waco | Difference |
|---|---|---|---|
| Studio | $712 | $530 | $182 |
| 1 Bedroom | $871 | $629 | $242 |
| 2 Bedrooms | $1,057 | $770 | $287 |
| 3 Bedrooms | $1,335 | $988 | $347 |
| 4 Bedrooms | $1,531 | $1,119 | $412 |
| Median Income | $62,156 | $40,886 | $21,270 |
Palm Bay-Melbourne-Titusville
- Studio
- $712/mo
- 1 BR
- $871/mo
- 2 BR
- $1,057/mo
- 3 BR
- $1,335/mo
- 4 BR
- $1,531/mo
- Median Income
- $62,156/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 Palm Bay-Melbourne-Titusville or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $1,057/mo in Palm Bay-Melbourne-Titusville. That's $287/mo or $3,444/year more expensive in Palm Bay-Melbourne-Titusville (37% higher).
What is the 2-bedroom rent in Palm Bay-Melbourne-Titusville vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Palm Bay-Melbourne-Titusville is $1,057/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Palm Bay-Melbourne-Titusville and Waco?
The median household income in Palm Bay-Melbourne-Titusville is $62,156/year. In Waco it is $40,886/year. Palm Bay-Melbourne-Titusville has the higher median income.
What is the studio rent in Palm Bay-Melbourne-Titusville vs Waco?
A studio apartment Fair Market Rent in Palm Bay-Melbourne-Titusville is $712/mo. In Waco it is $530/mo.