Portland-South Portland vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 49% cheaper for renters. A 2-bedroom rents for $770/mo vs $1,145/mo in Portland-South Portland — saving $4,500/year.
Rent by Unit Size
| Unit Size | Portland-South Portland | Waco | Difference |
|---|---|---|---|
| Studio | $765 | $530 | $235 |
| 1 Bedroom | $906 | $629 | $277 |
| 2 Bedrooms | $1,145 | $770 | $375 |
| 3 Bedrooms | $1,402 | $988 | $414 |
| 4 Bedrooms | $1,638 | $1,119 | $519 |
| Median Income | $58,824 | $40,886 | $17,938 |
Portland-South Portland
- Studio
- $765/mo
- 1 BR
- $906/mo
- 2 BR
- $1,145/mo
- 3 BR
- $1,402/mo
- 4 BR
- $1,638/mo
- Median Income
- $58,824/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 Portland-South Portland or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $1,145/mo in Portland-South Portland. That's $375/mo or $4,500/year more expensive in Portland-South Portland (49% higher).
What is the 2-bedroom rent in Portland-South Portland vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Portland-South Portland is $1,145/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Portland-South Portland and Waco?
The median household income in Portland-South Portland is $58,824/year. In Waco it is $40,886/year. Portland-South Portland has the higher median income.
What is the studio rent in Portland-South Portland vs Waco?
A studio apartment Fair Market Rent in Portland-South Portland is $765/mo. In Waco it is $530/mo.