Waco vs Wichita
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 6% cheaper for renters. A 2-bedroom rents for $770/mo vs $815/mo in Wichita — saving $540/year.
Rent by Unit Size
| Unit Size | Waco | Wichita | Difference |
|---|---|---|---|
| Studio | $530 | $544 | $14 |
| 1 Bedroom | $629 | $646 | $17 |
| 2 Bedrooms | $770 | $815 | $45 |
| 3 Bedrooms | $988 | $943 | $45 |
| 4 Bedrooms | $1,119 | $1,087 | $32 |
| Median Income | $40,886 | $42,402 | $1,516 |
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
Wichita
- Studio
- $544/mo
- 1 BR
- $646/mo
- 2 BR
- $815/mo
- 3 BR
- $943/mo
- 4 BR
- $1,087/mo
- Median Income
- $42,402/yr
Frequently Asked Questions
Is Waco or Wichita cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $815/mo in Wichita. That's $45/mo or $540/year more expensive in Wichita (6% higher).
What is the 2-bedroom rent in Waco vs Wichita?
The HUD Fair Market Rent for a 2-bedroom in Waco is $770/month. In Wichita, a 2-bedroom FMR is $815/month.
How do incomes compare between Waco and Wichita?
The median household income in Waco is $40,886/year. In Wichita it is $42,402/year. Wichita has the higher median income.
What is the studio rent in Waco vs Wichita?
A studio apartment Fair Market Rent in Waco is $530/mo. In Wichita it is $544/mo.