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Rental Market Trends in Cheyenne, WY

What is the average rent in Cheyenne, WY?

$1,213/month

Average Rent

583 Sq Ft

Average Apartment Size

+1.2%

Increase in the Last Year

As of April 2026, the average rent in Cheyenne, WY is $1,213 per month. This is 26% lower than the national average rent of $1,641/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 $993 per month for a studio, $1,213 for a one-bedroom apartment, and around $1,437 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,612 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$993/month
514 Sq Ft
One Bedroom
$1,213/month
583 Sq Ft
Two Bedroom
$1,437/month
787 Sq Ft
Three Bedroom
$1,612/month
1,228 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$2,224/month
1,130 Sq Ft
Four Bedroom
$2,456/month
1,580 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 1.2%, which averages out to $15 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 April 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Cheyenne, WY
Last Updated April 2026
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Cheyenne, WY
Percentage*
Rent Range
19% Below $700/month
35% $700 - $1,000/month
23% $1,001 - $1,500/month
23% $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 and Downtown Cheyenne Historic District" are the most affordable neighborhoods in Cheyenne.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Greenmeadow Estates
$1,528/month
727 Sq Ft
Downtown Cheyenne Historic District
$1,683/month
720 Sq Ft

What are the most expensive neighborhoods in Cheyenne?

Based on current rent prices, Downtown Cheyenne Historic District and Greenmeadow Estates" are the most expensive neighborhoods in Cheyenne.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Downtown Cheyenne Historic District
$1,683/month
720 Sq Ft
Greenmeadow Estates
$1,528/month
727 Sq Ft

Which Cheyenne neighborhoods have the most rentals available?

The neighborhoods in Cheyenne with the most apartments available are Downtown Cheyenne Historic District and Greenmeadow Estates" .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Downtown Cheyenne Historic District
$1,683/month
720 Sq Ft
Greenmeadow Estates
$1,528/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 $1,213, you’ll want to make about $4,043 per month or $48,516 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 $993 - $1,612. You can expect to pay 2.1% more for groceries, 4.3% less for utilities, and 3.2% less for transportation.

City

Cheyenne, WY

383 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

Downtown Cheyenne Historic District

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

$1,149 - $2,289

Studio - 2 Beds

The Aire

The Aire

6102 US Highway 30,
Cheyenne, WY 82001

$969 - $2,119

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

Property Management Companies in Cheyenne, WY

Seldin Company
Seldin Company
  • 72

    Communities

  • 15,926

    Units

  • 34

    Cities

3 Communities in Cheyenne
Stencil Group
Stencil Group
  • 20

    Communities

  • 2,116

    Units

  • 15

    Cities

2 Communities in Cheyenne
AMC
AMC
  • 610

    Communities

  • 122,181

    Units

  • 242

    Cities

1 Community in Cheyenne
RAM Partners
RAM Partners
  • 294

    Communities

  • 78,101

    Units

  • 170

    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.

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