San Luis Obispo vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 111% cheaper for renters. A 2-bedroom rents for $770/mo vs $1,623/mo in San Luis Obispo — saving $10,236/year.
Rent by Unit Size
| Unit Size | San Luis Obispo | Waco | Difference |
|---|---|---|---|
| Studio | $1,065 | $530 | $535 |
| 1 Bedroom | $1,360 | $629 | $731 |
| 2 Bedrooms | $1,623 | $770 | $853 |
| 3 Bedrooms | $2,039 | $988 | $1,051 |
| 4 Bedrooms | $2,372 | $1,119 | $1,253 |
| Median Income | $94,761 | $40,886 | $53,875 |
San Luis Obispo
- Studio
- $1,065/mo
- 1 BR
- $1,360/mo
- 2 BR
- $1,623/mo
- 3 BR
- $2,039/mo
- 4 BR
- $2,372/mo
- Median Income
- $94,761/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 San Luis Obispo or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $1,623/mo in San Luis Obispo. That's $853/mo or $10,236/year more expensive in San Luis Obispo (111% higher).
What is the 2-bedroom rent in San Luis Obispo vs Waco?
The HUD Fair Market Rent for a 2-bedroom in San Luis Obispo is $1,623/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between San Luis Obispo and Waco?
The median household income in San Luis Obispo is $94,761/year. In Waco it is $40,886/year. San Luis Obispo has the higher median income.
What is the studio rent in San Luis Obispo vs Waco?
A studio apartment Fair Market Rent in San Luis Obispo is $1,065/mo. In Waco it is $530/mo.