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Rental Market Trends in Cheyenne, WY

What is the average rent in Cheyenne, WY?

$1,189/month

Average Rent

577 Sq Ft

Average Apartment Size

+2.2%

Increase in the Last Year

As of February 2026, the average rent in Cheyenne, WY is $1,189 per month. This is 27% lower than the national average rent of $1,626/month, making renting in Cheyenne more affordable than most cities in the US. When you rent an apartment in Cheyenne, you can expect to pay about $865 per month for a studio, $1,189 for a one-bedroom apartment, and around $1,426 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,630 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$865/month
524 Sq Ft
One Bedroom
$1,189/month
577 Sq Ft
Two Bedroom
$1,426/month
783 Sq Ft
Three Bedroom
$1,630/month
1,228 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,510/month
510 Sq Ft
Three Bedroom
$1,928/month
1,546 Sq Ft
Four Bedroom
$2,270/month
1,697 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Cheyenne, WY?

In the past year, rent has increased by 2.2%, which averages out to $26 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated February 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Cheyenne, WY
Last Updated February 2026
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Cheyenne, WY
Percentage*
Rent Range
20% Below $700/month
40% $700 - $1,000/month
20% $1,001 - $1,500/month
20% $1,501 - $2,000/month
0% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Cheyenne?

Based on current rent prices, Greenmeadow Estates is the most affordable neighborhood in Cheyenne.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Greenmeadow Estates
$1,530/month
725 Sq Ft

What are the most expensive neighborhoods in Cheyenne?

Based on current rent prices, Greenmeadow Estates is the most expensive neighborhood in Cheyenne.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Greenmeadow Estates
$1,530/month
725 Sq Ft

Which Cheyenne neighborhoods have the most rentals available?

The neighborhood in Cheyenne with the most apartments available is Greenmeadow Estates .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Greenmeadow Estates
$1,530/month
725 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Cheyenne, WY?

Because the average rent in Cheyenne is $1,189, you’ll want to make about $3,963 per month or $47,556 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

Cost of Living

The cost of living in Cheyenne, WY is 0.2% higher than the national average. Generally, housing in Cheyenne is 0.3% more expensive than the national average, with rent falling between $865 - $1,630. You can expect to pay 1.8% more for groceries, 5.2% less for utilities, and 4.0% less for transportation.

City

Cheyenne, WY

353 Available Apartments for Rent

Search for Nearby Apartments

How does Cheyenne, WY compare to other nearby cities and neighborhoods?

Use the tool below to compare Cheyenne, WY to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Cheyenne, WY

Apartment Averages

Greenmeadow Estates

Cheyenne, WY

Greenmeadow Estates

Cheyenne, WY

Studio
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One Bedroom
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Two Bedroom
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Three Bedroom
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Search
Search

Apartment communities in Cheyenne we think you'll love

Country West Patio Home Apartments

Country West Patio Home Apartments

2016 S Greeley Hwy,
Cheyenne, WY 82007

$1,349 - $1,599

1-2 Beds

The Aire

The Aire

6102 US Highway 30,
Cheyenne, WY 82001

$969 - $2,119

Studio - 2 Beds

West End Flats

West End Flats

601 W 19th St,
Cheyenne, WY 82001

Call for Rent

Studio - 2 Beds

Holmes Corner Apartments

Holmes Corner Apartments

3502-3518 Holmes St,
Cheyenne, WY 82001

$1,845

2 Beds

Property Management Companies in Cheyenne, WY

Seldin Company
Seldin Company
  • 68

    Communities

  • 14,820

    Units

  • 30

    Cities

3 Communities in Cheyenne
Stencil Group
Stencil Group
  • 19

    Communities

  • 1,998

    Units

  • 14

    Cities

2 Communities in Cheyenne
AMC
AMC
  • 636

    Communities

  • 126,358

    Units

  • 249

    Cities

1 Community in Cheyenne
RAM Partners
RAM Partners
  • 292

    Communities

  • 77,431

    Units

  • 168

    Cities

1 Community in Cheyenne

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United States Wyoming Cheyenne Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity