6 Cheap Apartments for rent in Cheyenne, WY

Last updated August 18 at 5:25pm UTC
3517 McComb Ave - 2
Cheyenne
Cheyenne, WY
Updated July 30 at 10:42am UTC
1 Bedroom
$550
523 W 27th St
Historic Cheyenne
Cheyenne, WY
Updated August 18 at 5:25pm UTC
Studio
$375
800 E 4th St
Cheyenne
Cheyenne, WY
Updated August 16 at 1:17am UTC
1 Bedroom
$550
1922 E 16th St
Cheyenne
Cheyenne, WY
Updated August 10 at 5:11pm UTC
1 Bedroom
$600
901 Warren Ave
Historic Cheyenne
Cheyenne, WY
Updated July 18 at 9:14am UTC
1 Bedroom
$645
1610 Pebrican Ave
Historic Cheyenne
Cheyenne, WY
Updated July 3 at 7:23pm UTC
Studio
$425

August 2018 Cheyenne Rent Report

Welcome to the August 2018 Cheyenne Rent Report. Cheyenne rents increased over the past month. In this report, we'll evaluate trends in the Cheyenne rental market, including comparisons to similar cities nationwide.

View full Cheyenne Rent Report
Rent Report
Cheyenne

August 2018 Cheyenne Rent Report

Welcome to the August 2018 Cheyenne Rent Report. Cheyenne rents increased over the past month. In this report, we'll evaluate trends in the Cheyenne rental market, including comparisons to similar cities nationwide.

Cheyenne rents increased significantly over the past month

Cheyenne rents have increased 0.4% over the past month, but have decreased significantly by 2.3% in comparison to the same time last year. Currently, median rents in Cheyenne stand at $640 for a one-bedroom apartment and $850 for a two-bedroom. Cheyenne's year-over-year rent growth lags the state average of -0.6%, as well as the national average of 1.2%.

Cheyenne rents more affordable than many large cities nationwide

As rents have fallen significantly in Cheyenne, many large cities nationwide have seen prices increase, in some cases substantially. Cheyenne is also more affordable than most large cities across the country.

  • Cheyenne's median two-bedroom rent of $850 is below the national average of $1,180. Nationwide, rents have grown by 1.2% over the past year compared to the 2.3% decline in Cheyenne.
  • While rents in Cheyenne fell significantly over the past year, many cities nationwide saw increases, including Phoenix (+2.4%), Atlanta (+1.8%), and San Francisco (+1.1%).
  • Renters will find more reasonable prices in Cheyenne than most large cities. For example, San Francisco has a median 2BR rent of $3,090, which is more than three-and-a-half times the price in Cheyenne.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.