Whispering Chase Senior Apartments
4350 E Lincolnway,
Cheyenne, WY 82001
Studio - 2 Beds | $2,250 - $4,200
Rental Market Trends in Cheyenne, WY
What is the average rent in Cheyenne, WY?
$1,123/month
Average Rent
564 Sq Ft
Average Apartment Size
-2.5%
Decrease in the Last Year
As of July 2025, the average rent in Cheyenne, WY is $1,123 per month. This is 31% lower than the national average rent of $1,635/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 $600 per month for a studio, $1,123 for a one-bedroom apartment, and around $1,397 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,700 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 decreased by 2.5%, which averages out to $27 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated July 2025
Legend
2024
2025
Rent Ranges in Cheyenne, WY
Last Updated July 2025
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
26%
Below $700/month
33%
$700 - $1,000/month
22%
$1,001 - $1,500/month
19%
$1,501 - $2,000/month
0%
Above $2,000/month
What salary do I need to live comfortably in Cheyenne, WY?
Because the average rent in Cheyenne is $1,123, you’ll want to make about $3,743 per month or $44,916 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 0.9% lower than the national average. Generally, housing in Cheyenne is 1.4% less expensive than the national average, with rent falling between $600 - $1,700. You can expect to pay 1.2% more for groceries, 10.7% less for utilities, and 5.6% less for transportation.
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.
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RAM Partners
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Wasatch Group
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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 2025.
* Percentages may not total 100 due to rounding.