Sundance Apartments
215 Walterscheid Blvd,
Cheyenne, WY 82007
1-3 Beds | $1,103 - $1,744
Rental Market Trends in Cheyenne, WY
What is the average rent in Cheyenne, WY?
$1,124/month
Average Rent
557 Sq Ft
Average Apartment Size
+8.7%
Increase in the Last Year
As of December 2024, the average rent in Cheyenne, WY is $1,124 per month. This is 28% lower than the national average rent of $1,560/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 $599 per month for a studio, $1,124 for a one-bedroom apartment, and around $1,329 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,499 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average 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 8.7%, which averages out to $98 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 December 2024
Legend
2023
2024
Rent Ranges in Cheyenne, WY
Last Updated December 2024
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
25%
Below $700/month
46%
$700 - $1,000/month
11%
$1,001 - $1,500/month
18%
$1,501 - $2,000/month
0%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Cheyenne?
Based on current rent prices, I-80 Corridor/Cheyenne is the most affordable neighborhood in Cheyenne.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Cheyenne?
Based on current rent prices, I-80 Corridor/Cheyenne is the most expensive neighborhood in Cheyenne.
Neighborhood
Average Rent
Average Sq Ft
Which Cheyenne neighborhoods have the most rentals available?
The neighborhood in Cheyenne with the most apartments available is I-80 Corridor/Cheyenne .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Cheyenne, WY?
Because the average rent in Cheyenne is $1,124, you’ll want to make about $3,746 per month or $44,952 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.
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.
Studio
$662/month
$662/month
One Bedroom
$1,010/month
$1,010/month
Two Bedroom
$1,156/month
$1,156/month
Three Bedroom
$1,401/month
$1,401/month
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Methodology
† 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.
* Percentages may not total 100 due to rounding.