Reno vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 57% cheaper for renters. A 2-bedroom rents for $770/mo vs $1,208/mo in Reno — saving $5,256/year.
Rent by Unit Size
| Unit Size | Reno | Waco | Difference |
|---|---|---|---|
| Studio | $773 | $530 | $243 |
| 1 Bedroom | $946 | $629 | $317 |
| 2 Bedrooms | $1,208 | $770 | $438 |
| 3 Bedrooms | $1,422 | $988 | $434 |
| 4 Bedrooms | $1,636 | $1,119 | $517 |
| Median Income | $59,858 | $40,886 | $18,972 |
Reno
- Studio
- $773/mo
- 1 BR
- $946/mo
- 2 BR
- $1,208/mo
- 3 BR
- $1,422/mo
- 4 BR
- $1,636/mo
- Median Income
- $59,858/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 Reno or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $1,208/mo in Reno. That's $438/mo or $5,256/year more expensive in Reno (57% higher).
What is the 2-bedroom rent in Reno vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Reno is $1,208/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Reno and Waco?
The median household income in Reno is $59,858/year. In Waco it is $40,886/year. Reno has the higher median income.
What is the studio rent in Reno vs Waco?
A studio apartment Fair Market Rent in Reno is $773/mo. In Waco it is $530/mo.