Cheyenne, Wyoming Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Cheyenne, Wyoming rental market.
Cheyenne, Wyoming
Average Apartment Rent
$1,367
Y-o-Y Change in Average
Apartment Rent
15.6%
As of June 2026
Compared to a year ago, Cheyenne, Wyoming apartments have recorded a 15.6% rent increase.
Cheyenne, Wyoming Average apartment rent trend
Cheyenne, Wyoming Average Apartment Rent
Cheyenne, Wyoming Apartment rent ranges
At 52.46%, apartments priced $1,000 - $1,500 represent the bulk of Cheyenne, Wyoming rentals, while condos priced $2,000 - $2,500 hold the lowest share of the market – 5.89%.
Cheyenne, Wyoming Housing tenure**
Renters take up 31% of Cheyenne, Wyoming real estate, occupying a total of 8,731 units, while homeowners live in 19,575 properties.
Median number of rooms of renter-occupied housing units**
4.1
Renter median household income**
$44,528
Average household size of renter-occupied housing units**
1.88
Rental vacancy rate**
1.9%
Cheyenne, Wyoming Renter-occupied housing units by no. of bedrooms**
There are 3,460 rentals in Cheyenne, Wyoming with 2 beds making up the highest share of the market, at 40%. Units with 5 or more beds, on the other hand, hold the lowest percentage (2%), amounting to 137 units. Overall, the median number of rooms in Cheyenne, Wyoming homes for rent is 4.1.
Cheyenne, Wyoming Renter-occupied units by age of householder**
Most condos for rent in Cheyenne, Wyoming are occupied by residents in the 25 - 34 years age group (25%), followed by those in the 35 - 44 years age group (15%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 5%.
Cheyenne, Wyoming Renter-occupied housing units by family type**
Cheyenne, Wyoming Renter-occupied housing units by the presence of own children**
A total of 3,064 apartments for rent in Cheyenne, Wyoming, or 35% of all rentals are family households. Additionally, 21% of rental homes include children under the age of 18 – that’s 1,856 units. All in all, the median size of a renter-occupied household in Cheyenne, Wyoming is 1.88.
Cheyenne, Wyoming Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 23% of the rental market. In contrast, residents with less than a high school degree reside in 7% of the homes for rent in Cheyenne, Wyoming.
Cheyenne, Wyoming Renter-occupied units by year structure built**
The highest share of Cheyenne, Wyoming apartment rentals, namely 18% or 1,560 units, were Built 1970 - 1979, followed by those Built 1939 or earlier (14%, 1,187 units), and the ones Built 1980 - 1989 (13%, 1,135 units).
Cheyenne, Wyoming Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Cheyenne, Wyoming renters (40%) moved in 2018 to 2020, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Cheyenne, Wyoming condos for rent is 2018.
Cheyenne, Wyoming Renter-occupied housing units by vehicles available**
When it comes to transportation options, 51% of Cheyenne, Wyoming renters have 1 vehicle available per household, 27% of them have 2 vehicles available, and 14% have No vehicle available.
Cheyenne, Wyoming Means of transportation to work of householders living in renter-occupied housing units**
Cheyenne, Wyoming Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Cheyenne, Wyoming apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
