GITNUX MARKETDATA REPORT 2024

Statistics About The Average Rent In Wyoming

The average rent in Wyoming is around $1,200 per month.

In this post, we will explore the current rental market in Wyoming, analyzing key statistics such as the median monthly rent, average rental rates in specific cities like Cheyenne and Casper, and the percentage of income residents allocate towards rent. Additionally, we will discuss how Wyoming’s rental rates compare nationally and the recent trends in rental prices within the state.

Statistic 1

"The median monthly rent in Wyoming is $950"

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Statistic 2

"The average apartment rent in Cheyenne, Wyoming is approximately $752 per month"

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Statistic 3

"The average rent in Casper, Wyoming is approximately $632 per month"

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Statistic 4

"The lowest rental rates in Wyoming can be found in Rawlins where prices average $510"

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Statistic 5

"Rental rates in Wyoming have increased by approximately 0.6% in the past year"

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Statistic 6

"Wyoming residents spend, on average, 25.8% of their income on rent"

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Statistic 7

"The average price per square foot for an apartment in Wyoming is $1.10"

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Statistic 8

"Wyoming ranks 11th out of all U.S. states for its affordable rental rates"

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The statistics on the average rent in Wyoming provide a comprehensive picture of the rental market in the state. With a median monthly rent of $950, varying prices are observed in different cities, with Cheyenne having the highest average at approximately $752 and Rawlins offering the lowest rates at around $510 per month. The slight 0.6% increase in rental rates over the past year is reflective of a stable market. Despite residents spending an average of 25.8% of their income on rent, Wyoming still ranks 11th in the U.S. for affordable rental rates. Overall, the data suggests a relatively affordable rental market in Wyoming compared to other states.

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