Tallahassee vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 28% cheaper for renters. A 2-bedroom rents for $770/mo vs $989/mo in Tallahassee — saving $2,628/year.
Rent by Unit Size
| Unit Size | Tallahassee | Waco | Difference |
|---|---|---|---|
| Studio | $625 | $530 | $95 |
| 1 Bedroom | $784 | $629 | $155 |
| 2 Bedrooms | $989 | $770 | $219 |
| 3 Bedrooms | $1,193 | $988 | $205 |
| 4 Bedrooms | $1,420 | $1,119 | $301 |
| Median Income | $57,994 | $40,886 | $17,108 |
Tallahassee
- Studio
- $625/mo
- 1 BR
- $784/mo
- 2 BR
- $989/mo
- 3 BR
- $1,193/mo
- 4 BR
- $1,420/mo
- Median Income
- $57,994/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 Tallahassee or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $989/mo in Tallahassee. That's $219/mo or $2,628/year more expensive in Tallahassee (28% higher).
What is the 2-bedroom rent in Tallahassee vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Tallahassee is $989/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Tallahassee and Waco?
The median household income in Tallahassee is $57,994/year. In Waco it is $40,886/year. Tallahassee has the higher median income.
What is the studio rent in Tallahassee vs Waco?
A studio apartment Fair Market Rent in Tallahassee is $625/mo. In Waco it is $530/mo.