Portland-Vancouver-Hillsboro vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 70% cheaper for renters. A 2-bedroom rents for $770/mo vs $1,308/mo in Portland-Vancouver-Hillsboro — saving $6,456/year.
Rent by Unit Size
| Unit Size | Portland-Vancouver-Hillsboro | Waco | Difference |
|---|---|---|---|
| Studio | $891 | $530 | $361 |
| 1 Bedroom | $1,079 | $629 | $450 |
| 2 Bedrooms | $1,308 | $770 | $538 |
| 3 Bedrooms | $1,615 | $988 | $627 |
| 4 Bedrooms | $1,963 | $1,119 | $844 |
| Median Income | $90,070 | $40,886 | $49,184 |
Portland-Vancouver-Hillsboro
- Studio
- $891/mo
- 1 BR
- $1,079/mo
- 2 BR
- $1,308/mo
- 3 BR
- $1,615/mo
- 4 BR
- $1,963/mo
- Median Income
- $90,070/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-Vancouver-Hillsboro or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $1,308/mo in Portland-Vancouver-Hillsboro. That's $538/mo or $6,456/year more expensive in Portland-Vancouver-Hillsboro (70% higher).
What is the 2-bedroom rent in Portland-Vancouver-Hillsboro vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Portland-Vancouver-Hillsboro is $1,308/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Portland-Vancouver-Hillsboro and Waco?
The median household income in Portland-Vancouver-Hillsboro is $90,070/year. In Waco it is $40,886/year. Portland-Vancouver-Hillsboro has the higher median income.
What is the studio rent in Portland-Vancouver-Hillsboro vs Waco?
A studio apartment Fair Market Rent in Portland-Vancouver-Hillsboro is $891/mo. In Waco it is $530/mo.