Spokane-Spokane Valley vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 32% cheaper for renters. A 2-bedroom rents for $770/mo vs $1,014/mo in Spokane-Spokane Valley — saving $2,928/year.
Rent by Unit Size
| Unit Size | Spokane-Spokane Valley | Waco | Difference |
|---|---|---|---|
| Studio | $695 | $530 | $165 |
| 1 Bedroom | $839 | $629 | $210 |
| 2 Bedrooms | $1,014 | $770 | $244 |
| 3 Bedrooms | $1,335 | $988 | $347 |
| 4 Bedrooms | $1,520 | $1,119 | $401 |
| Median Income | $60,901 | $40,886 | $20,015 |
Spokane-Spokane Valley
- Studio
- $695/mo
- 1 BR
- $839/mo
- 2 BR
- $1,014/mo
- 3 BR
- $1,335/mo
- 4 BR
- $1,520/mo
- Median Income
- $60,901/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 Spokane-Spokane Valley or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $1,014/mo in Spokane-Spokane Valley. That's $244/mo or $2,928/year more expensive in Spokane-Spokane Valley (32% higher).
What is the 2-bedroom rent in Spokane-Spokane Valley vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Spokane-Spokane Valley is $1,014/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Spokane-Spokane Valley and Waco?
The median household income in Spokane-Spokane Valley is $60,901/year. In Waco it is $40,886/year. Spokane-Spokane Valley has the higher median income.
What is the studio rent in Spokane-Spokane Valley vs Waco?
A studio apartment Fair Market Rent in Spokane-Spokane Valley is $695/mo. In Waco it is $530/mo.