Santa Fe vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 47% cheaper for renters. A 2-bedroom rents for $770/mo vs $1,135/mo in Santa Fe — saving $4,380/year.
Rent by Unit Size
| Unit Size | Santa Fe | Waco | Difference |
|---|---|---|---|
| Studio | $754 | $530 | $224 |
| 1 Bedroom | $923 | $629 | $294 |
| 2 Bedrooms | $1,135 | $770 | $365 |
| 3 Bedrooms | $1,361 | $988 | $373 |
| 4 Bedrooms | $1,696 | $1,119 | $577 |
| Median Income | $59,153 | $40,886 | $18,267 |
Santa Fe
- Studio
- $754/mo
- 1 BR
- $923/mo
- 2 BR
- $1,135/mo
- 3 BR
- $1,361/mo
- 4 BR
- $1,696/mo
- Median Income
- $59,153/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 Santa Fe or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $1,135/mo in Santa Fe. That's $365/mo or $4,380/year more expensive in Santa Fe (47% higher).
What is the 2-bedroom rent in Santa Fe vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Santa Fe is $1,135/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Santa Fe and Waco?
The median household income in Santa Fe is $59,153/year. In Waco it is $40,886/year. Santa Fe has the higher median income.
What is the studio rent in Santa Fe vs Waco?
A studio apartment Fair Market Rent in Santa Fe is $754/mo. In Waco it is $530/mo.