Waco vs Winston-Salem
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 5% cheaper for renters. A 2-bedroom rents for $770/mo vs $807/mo in Winston-Salem — saving $444/year.
Rent by Unit Size
| Unit Size | Waco | Winston-Salem | Difference |
|---|---|---|---|
| Studio | $530 | $531 | $1 |
| 1 Bedroom | $629 | $652 | $23 |
| 2 Bedrooms | $770 | $807 | $37 |
| 3 Bedrooms | $988 | $1,030 | $42 |
| 4 Bedrooms | $1,119 | $1,189 | $70 |
| Median Income | $40,886 | $47,140 | $6,254 |
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
Winston-Salem
- Studio
- $531/mo
- 1 BR
- $652/mo
- 2 BR
- $807/mo
- 3 BR
- $1,030/mo
- 4 BR
- $1,189/mo
- Median Income
- $47,140/yr
Frequently Asked Questions
Is Waco or Winston-Salem cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $807/mo in Winston-Salem. That's $37/mo or $444/year more expensive in Winston-Salem (5% higher).
What is the 2-bedroom rent in Waco vs Winston-Salem?
The HUD Fair Market Rent for a 2-bedroom in Waco is $770/month. In Winston-Salem, a 2-bedroom FMR is $807/month.
How do incomes compare between Waco and Winston-Salem?
The median household income in Waco is $40,886/year. In Winston-Salem it is $47,140/year. Winston-Salem has the higher median income.
What is the studio rent in Waco vs Winston-Salem?
A studio apartment Fair Market Rent in Waco is $530/mo. In Winston-Salem it is $531/mo.