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Rental Market Trends in Cheyenne, WY

Updated July 2026

The average rent in Cheyenne, WY is $1,219/month.

Rent in Cheyenne is 27% lower than the national average rent of $1,662/month, making this one of the less expensive cities statewide.

$1,219/month

Average Rent

585 Sq Ft

Average Size

+2.7%

Change / Year

370

Available Apartments

Cheyenne rent varies by unit size and layout:

  • Studio apartments in Cheyenne average $999 per month.
  • One-bedroom apartments in Cheyenne average $1,219 per month.
  • Two-bedroom apartments in Cheyenne average $1,490 per month.
  • Three-bedroom apartments in Cheyenne average $1,676 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$999/month
514 Sq Ft
One Bedroom
$1,219/month
585 Sq Ft
Two Bedroom
$1,490/month
784 Sq Ft
Three Bedroom
$1,676/month
1,228 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Two Bedroom
$1,624/month
829 Sq Ft
Three Bedroom
$2,224/month
1,278 Sq Ft
Four Bedroom
$2,530/month
1,718 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Two Bedroom
$1,278/month
845 Sq Ft
View Cheyenne Apartments

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

July 2026

2025 2026
Market Trends Over Time

Rent Ranges in Cheyenne, WY

July 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

  • 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
$1,534/month
727 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
$1,534/month
727 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
$1,534/month
727 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% lower than the national average. Generally, housing in Cheyenne is 0.4% more expensive than the national average, with rent falling between $999 - $1,676. You can expect to pay 1.7% more for groceries, 5.2% less for utilities, and 4.9% less for transportation.

City

Cheyenne, WY

370 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.

View the Cheyenne Area Guide

Apartment Averages

Greenmeadow Estates

Cheyenne, WY

Greenmeadow Estates

Cheyenne, WY

Studio
-
-
One Bedroom
-
-
Two Bedroom
-
-
Three Bedroom
-
-
View Rentals
View Rentals

Apartment Communities in Cheyenne We Think You'll Love

West End Flats

West End Flats

601 W 19th St,
Cheyenne, WY 82001

Studio - 2 Beds | $1,204 - $2,324

The Aire

The Aire

6102 US Highway 30,
Cheyenne, WY 82001

Studio - 2 Beds | $1,199 - $2,119

Country West Patio Home Apartments

Country West Patio Home Apartments

2016 S Greeley Hwy,
Cheyenne, WY 82007

1-2 Beds | $1,399 - $1,599

Holmes Corner Apartments

Holmes Corner Apartments

3502-3518 Holmes St,
Cheyenne, WY 82001

2 Beds | $1,795 - $1,845

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Frequently Asked Questions

What is the average rent in Cheyenne?

The average rent in Cheyenne is $1,219 per month, which is 26.7% lower than the national average of $1,662.

What is the average rent for a house in Cheyenne?

The average rent for a house in Cheyenne, WY is $2,224 per month.

Are rents going up or down in Cheyenne?

Rents in Cheyenne, WY are increasing, with prices up 2.7% year-over-year and $33 more per month.

What rent range is most common in Cheyenne?

In Cheyenne, WY, 39% of apartments fall between $700 - $1,000/month, though prices may vary depending on location and other factors.

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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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity