Median rent
for residential apartments
in Cheyenne, WY
as of May, 2023.
Remember to negotiate your rent according to median rental prices. Also, take into account that the price depends on the size/amenities of the apartment.
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131 Cheyenne, WY, USA apartments for rent
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$1, 750 - 3 Bedroom 2.5 Bathroom TWIN HOME, ACTIVE DUTY MILITARY DISCOUNT
6529 Painted Rock Trail, Unit N/A
3
Bed
2.5
Bath
1,493
Sq Ft
$2, 400 - 3 Bedroom 2 Bathroom House In Cheyenne With Great Amenities
1005 Phipps Avenue
3
Bed
2
Bath
2,870
Sq Ft
Rancher's Capitol Lodge (Historic) - Steps away from the Capitol and Downtown
Cheyenne, WY
3
Bed
2
Bath
1,665
Sq Ft
Quiet retreat, minutes from highway and downtown, Quite retreat, minutes from highway and downtown
Cheyenne, WY
1
Bed
1
Bath
500
Sq Ft
Cheyenne
Cheyenne, WY has a population of 62,986, while the median age is 36. The household income in Cheyenne, WY is around $60,878. The homeownership rate among the residents is 65%. The median residential property value in Cheyenne, WY that you should keep in mind is $193,200.
| Population | 62,986 |
| Median Age | 35.7 |
| Poverty Rate | 11% |
| Household Income | $60,878 |
| Number Of Employees | 31,130 |
| Median Property Value | $193,200 |
Housing Trends
Rent vs Own
Average apartment rent in Cheyenne:
$10,460 (+55.1%)
Rent Price |
May | vs Last Month |
|---|---|---|
| Studio apartments | $8,550 | +92.8% |
| 1-bed apartments | $2,138 | -48.4% |
| 2-bed apartments | $2,267 | -54.4% |
| 3-bed apartments | $4,935 | -34.4% |
| 4+ bed apartments | $30,470 | +119.9% |
Over the May 2023, the average rent for an apartment in/near Cheyenne, WY increased by 55.1% to $10,460.
Compared to the last month, the average price for a rental studio in Cheyenne, WY has increased by 92.8%. You can expect to rent the studio for $8,550 on average this month. Breaking it down in details, we now see that the average price for 1-bed apartment decreased by 48.4% to $2,138. Pricing for 2-bed apartment also decreased by 54.4% and a place of this size will now cost you $2,267. 3-bed apartment rent pricing starts at $4,935, it decreased by 34.4% lately. We tend to note the rise of 4- and more bed apartment pricing. It increased by 119.9% and made it up to $30,470.
Rent Type Price |
May | vs Last Month |
|---|---|---|
| Townhouses for rent | $1,650 | -66.5% |
| Houses for rent | $15,185 | +67.6% |
| Condos for rent | $1,625 | -80.5% |
| Apartments for rent | $1,748 | -47.1% |
The median rent for an apartment in Cheyenne, WY decreased by 47.1% to $1,748. Statistics show that house rent price increased by 67.6% this month making it up to $15,185. Condos faced an upward trend these days. The median rent for a condo decreased by 80.5%, it’s now available for $1,625. The median rent for a townhouse decreased by 66.5%, you’ll have to spend around $1,650 to get one.
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