Cheyenne, WY Rental Market Trends
Last updated: October 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Cheyenne is $1,193, a 1.46% increase compared to the previous year, when the average rent was $1,176.
One-bedroom apartments provide 638 square feet for $1,104, balancing privacy and affordability.
Two-beedroom units at $1,228 offer 896 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (960 sq ft) for $1,435, suitable for larger households.
Average rent in Cheyenne, WY
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,193 | 796 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,104 | 638 sq. ft. |
| 2 Beds | $1,228 | 896 sq. ft. |
| 3 Beds | $1,435 | 960 sq. ft. |
Cheyenne, WY rent trends
Rental prices in Cheyenne, WY have increased by 1.46% over the past year. The average rent moved from $1,176 to $1,193.
What's the typical rent budget in Cheyenne, WY?
The largest share of rentals in Cheyenne, WY (64%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Cheyenne, WY?
9,365 or 32% of the households in Cheyenne, WY are renter-occupied while 19,591 or 68% are owner-occupied.
Average Rent in Cheyenne, WY By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Cheyenne City | $1,203 |
How Cheyenne Compares to Other Cities
| City | Average Rent |
|---|---|
| Cheyenne | $1,193 |
| Gillette | $1,147 |
| Rock Springs | $949 |
| Casper | $1,223 |
| Jackson | $3,416 |
| Laramie | $1,609 |
| Evanston | $798 |
| Fort Collins, CO | $2,006 |
| Longmont, CO | $1,887 |
| Loveland, CO | $1,789 |
| Greeley, CO | $1,508 |
| Johnstown, CO | $1,803 |
| Erie, CO | $2,407 |
| Evans, CO | $1,623 |
| Windsor, CO | $1,781 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Cheyenne apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.