Providence-Warwick vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 46% cheaper for renters. A 2-bedroom rents for $770/mo vs $1,122/mo in Providence-Warwick — saving $4,224/year.
Rent by Unit Size
| Unit Size | Providence-Warwick | Waco | Difference |
|---|---|---|---|
| Studio | $784 | $530 | $254 |
| 1 Bedroom | $946 | $629 | $317 |
| 2 Bedrooms | $1,122 | $770 | $352 |
| 3 Bedrooms | $1,429 | $988 | $441 |
| 4 Bedrooms | $1,663 | $1,119 | $544 |
| Median Income | $69,693 | $40,886 | $28,807 |
Providence-Warwick
- Studio
- $784/mo
- 1 BR
- $946/mo
- 2 BR
- $1,122/mo
- 3 BR
- $1,429/mo
- 4 BR
- $1,663/mo
- Median Income
- $69,693/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 Providence-Warwick or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $1,122/mo in Providence-Warwick. That's $352/mo or $4,224/year more expensive in Providence-Warwick (46% higher).
What is the 2-bedroom rent in Providence-Warwick vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Providence-Warwick is $1,122/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Providence-Warwick and Waco?
The median household income in Providence-Warwick is $69,693/year. In Waco it is $40,886/year. Providence-Warwick has the higher median income.
What is the studio rent in Providence-Warwick vs Waco?
A studio apartment Fair Market Rent in Providence-Warwick is $784/mo. In Waco it is $530/mo.