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Rental Market Trends in Cheyenne, WY

What is the average rent in Cheyenne, WY?

$1,219/month

Average Rent

585 Sq Ft

Average Apartment Size

+2.7%

Increase in the Last Year

Cheyenne, WY Rental Market Overview

The average rent in Cheyenne, WY is $1,219 per month. This is 26% lower than the national average rent of $1,644/month, making renting in Cheyenne more affordable than most cities in the US.

  • Studio apartments in Cheyenne average $998 per month.
  • One-bedroom apartments in Cheyenne average $1,219 per month.
  • Two-bedroom apartments in Cheyenne average $1,478 per month.
  • Three-bedroom apartments in Cheyenne average $1,676 or more per month.

Data Updated: June, 2026

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$998/month
514 Sq Ft
One Bedroom
$1,219/month
585 Sq Ft
Two Bedroom
$1,478/month
784 Sq Ft
Three Bedroom
$1,676/month
1,228 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,645/month
419 Sq Ft
Three Bedroom
$2,267/month
896 Sq Ft
Four Bedroom
$2,398/month
1,925 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,357/month
917 Sq Ft
Three Bedroom
$1,383/month
951 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 2.7%, which averages out to $33 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 June 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Cheyenne, WY
Last Updated June 2026
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Cheyenne, WY
Percentage*
Rent Range
18% Below $700/month
39% $700 - $1,000/month
18% $1,001 - $1,500/month
24% $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
$1,525/month
723 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
$1,525/month
723 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
$1,525/month
723 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 $1,219, you’ll want to make about $4,063 per month or $48,756 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 0.7% higher than the national average. Generally, housing in Cheyenne is 1.4% more expensive than the national average, with rent falling between $998 - $1,676. You can expect to pay 2.1% more for groceries, 4.3% less for utilities, and 3.2% less for transportation.

City

Cheyenne, WY

368 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

West End Flats

West End Flats

601 W 19th St,
Cheyenne, WY 82001

$1,204 - $2,324 Total Monthly Price

Studio - 2 Beds

The Aire

The Aire

6102 US Highway 30,
Cheyenne, WY 82001

$1,234 - $2,154 Total Monthly Price

Studio - 2 Beds

Country West Patio Home Apartments

Country West Patio Home Apartments

2016 S Greeley Hwy,
Cheyenne, WY 82007

$1,349 - $1,550

1-2 Beds

Holmes Corner Apartments

Holmes Corner Apartments

3502-3518 Holmes St,
Cheyenne, WY 82001

$1,795

2 Beds

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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 June 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.

* Percentages may not total 100 due to rounding.

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© 2026 CoStar Group, Inc. Equal Housing Opportunity

Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity