Provo-Orem 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 $1,125/mo in Provo-Orem — saving $4,260/year.
Rent by Unit Size
| Unit Size | Provo-Orem | Waco | Difference |
|---|---|---|---|
| Studio | $707 | $530 | $177 |
| 1 Bedroom | $881 | $629 | $252 |
| 2 Bedrooms | $1,125 | $770 | $355 |
| 3 Bedrooms | $1,330 | $988 | $342 |
| 4 Bedrooms | $1,544 | $1,119 | $425 |
| Median Income | $72,225 | $40,886 | $31,339 |
Provo-Orem
- Studio
- $707/mo
- 1 BR
- $881/mo
- 2 BR
- $1,125/mo
- 3 BR
- $1,330/mo
- 4 BR
- $1,544/mo
- Median Income
- $72,225/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 Provo-Orem or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $1,125/mo in Provo-Orem. That's $355/mo or $4,260/year more expensive in Provo-Orem (46% higher).
What is the 2-bedroom rent in Provo-Orem vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Provo-Orem is $1,125/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Provo-Orem and Waco?
The median household income in Provo-Orem is $72,225/year. In Waco it is $40,886/year. Provo-Orem has the higher median income.
What is the studio rent in Provo-Orem vs Waco?
A studio apartment Fair Market Rent in Provo-Orem is $707/mo. In Waco it is $530/mo.