Roanoke vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 4% cheaper for renters. A 2-bedroom rents for $770/mo vs $803/mo in Roanoke — saving $396/year.
Rent by Unit Size
| Unit Size | Roanoke | Waco | Difference |
|---|---|---|---|
| Studio | $518 | $530 | $12 |
| 1 Bedroom | $643 | $629 | $14 |
| 2 Bedrooms | $803 | $770 | $33 |
| 3 Bedrooms | $980 | $988 | $8 |
| 4 Bedrooms | $1,168 | $1,119 | $49 |
| Median Income | $51,099 | $40,886 | $10,213 |
Roanoke
- Studio
- $518/mo
- 1 BR
- $643/mo
- 2 BR
- $803/mo
- 3 BR
- $980/mo
- 4 BR
- $1,168/mo
- Median Income
- $51,099/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 Roanoke or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $803/mo in Roanoke. That's $33/mo or $396/year more expensive in Roanoke (4% higher).
What is the 2-bedroom rent in Roanoke vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Roanoke is $803/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Roanoke and Waco?
The median household income in Roanoke is $51,099/year. In Waco it is $40,886/year. Roanoke has the higher median income.
What is the studio rent in Roanoke vs Waco?
A studio apartment Fair Market Rent in Roanoke is $518/mo. In Waco it is $530/mo.