Prescott Valley-Prescott 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 $1,054/mo in Prescott Valley-Prescott — saving $3,408/year.
Rent by Unit Size
| Unit Size | Prescott Valley-Prescott | Waco | Difference |
|---|---|---|---|
| Studio | $648 | $530 | $118 |
| 1 Bedroom | $826 | $629 | $197 |
| 2 Bedrooms | $1,054 | $770 | $284 |
| 3 Bedrooms | $1,277 | $988 | $289 |
| 4 Bedrooms | $1,437 | $1,119 | $318 |
| Median Income | $60,079 | $40,886 | $19,193 |
Prescott Valley-Prescott
- Studio
- $648/mo
- 1 BR
- $826/mo
- 2 BR
- $1,054/mo
- 3 BR
- $1,277/mo
- 4 BR
- $1,437/mo
- Median Income
- $60,079/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 Prescott Valley-Prescott or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $1,054/mo in Prescott Valley-Prescott. That's $284/mo or $3,408/year more expensive in Prescott Valley-Prescott (37% higher).
What is the 2-bedroom rent in Prescott Valley-Prescott vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Prescott Valley-Prescott is $1,054/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Prescott Valley-Prescott and Waco?
The median household income in Prescott Valley-Prescott is $60,079/year. In Waco it is $40,886/year. Prescott Valley-Prescott has the higher median income.
What is the studio rent in Prescott Valley-Prescott vs Waco?
A studio apartment Fair Market Rent in Prescott Valley-Prescott is $648/mo. In Waco it is $530/mo.