Syracuse vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 6% cheaper for renters. A 2-bedroom rents for $770/mo vs $820/mo in Syracuse — saving $600/year.
Rent by Unit Size
| Unit Size | Syracuse | Waco | Difference |
|---|---|---|---|
| Studio | $546 | $530 | $16 |
| 1 Bedroom | $686 | $629 | $57 |
| 2 Bedrooms | $820 | $770 | $50 |
| 3 Bedrooms | $1,051 | $988 | $63 |
| 4 Bedrooms | $1,207 | $1,119 | $88 |
| Median Income | $42,142 | $40,886 | $1,256 |
Syracuse
- Studio
- $546/mo
- 1 BR
- $686/mo
- 2 BR
- $820/mo
- 3 BR
- $1,051/mo
- 4 BR
- $1,207/mo
- Median Income
- $42,142/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 Syracuse or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $820/mo in Syracuse. That's $50/mo or $600/year more expensive in Syracuse (6% higher).
What is the 2-bedroom rent in Syracuse vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Syracuse is $820/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Syracuse and Waco?
The median household income in Syracuse is $42,142/year. In Waco it is $40,886/year. Syracuse has the higher median income.
What is the studio rent in Syracuse vs Waco?
A studio apartment Fair Market Rent in Syracuse is $546/mo. In Waco it is $530/mo.