Tampa-St. Petersburg-Clearwater vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 58% cheaper for renters. A 2-bedroom rents for $770/mo vs $1,218/mo in Tampa-St. Petersburg-Clearwater — saving $5,376/year.
Rent by Unit Size
| Unit Size | Tampa-St. Petersburg-Clearwater | Waco | Difference |
|---|---|---|---|
| Studio | $817 | $530 | $287 |
| 1 Bedroom | $967 | $629 | $338 |
| 2 Bedrooms | $1,218 | $770 | $448 |
| 3 Bedrooms | $1,527 | $988 | $539 |
| 4 Bedrooms | $1,752 | $1,119 | $633 |
| Median Income | $69,520 | $40,886 | $28,634 |
Tampa-St. Petersburg-Clearwater
- Studio
- $817/mo
- 1 BR
- $967/mo
- 2 BR
- $1,218/mo
- 3 BR
- $1,527/mo
- 4 BR
- $1,752/mo
- Median Income
- $69,520/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 Tampa-St. Petersburg-Clearwater or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $1,218/mo in Tampa-St. Petersburg-Clearwater. That's $448/mo or $5,376/year more expensive in Tampa-St. Petersburg-Clearwater (58% higher).
What is the 2-bedroom rent in Tampa-St. Petersburg-Clearwater vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Tampa-St. Petersburg-Clearwater is $1,218/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Tampa-St. Petersburg-Clearwater and Waco?
The median household income in Tampa-St. Petersburg-Clearwater is $69,520/year. In Waco it is $40,886/year. Tampa-St. Petersburg-Clearwater has the higher median income.
What is the studio rent in Tampa-St. Petersburg-Clearwater vs Waco?
A studio apartment Fair Market Rent in Tampa-St. Petersburg-Clearwater is $817/mo. In Waco it is $530/mo.