5 Cheap Apartments for rent in Cheyenne, WY

Last updated November 25 at 1:24am UTC
2800 McCann Ave
Cheyenne
Cheyenne, WY
Updated November 21 at 10:26am UTC
Studio
$375
523 W 27th St
Historic Cheyenne
Cheyenne, WY
Updated November 25 at 1:24am UTC
Studio
$625
1910 E 16th St
Cheyenne
Cheyenne, WY
Updated November 21 at 6:06pm UTC
1 Bedroom
$550
1709 Hugur Ave
Historic Cheyenne
Cheyenne, WY
Updated November 1 at 10:26am UTC
2 Bedrooms
$650
215 E 18th St
Historic Cheyenne
Cheyenne, WY
Updated November 16 at 12:24pm UTC
Studio
$650
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November 2017 Cheyenne Rent Report

Welcome to the November 2017 Cheyenne Rent Report. 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

November 2017 Cheyenne Rent Report

Welcome to the November 2017 Cheyenne Rent Report. In this report, we'll evaluate trends in the Cheyenne rental market, including comparisons to similar cities nationwide.

Cheyenne rents declined moderately over the past month

Cheyenne rents have declined 0.3% over the past month, and 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 $860 for a two-bedroom. This is the sixth straight month that the city has seen rent decreases after an increase in February. Cheyenne's year-over-year rent growth lags the state average of -0.6%, as well as the national average of 2.7%.

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 $860 is below the national average of $1,160. Nationwide, rents have grown by 2.7% 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 Seattle (+4.2%), Phoenix (+4.1%), and Dallas (+2.6%).
  • Renters will find more reasonable prices in Cheyenne than most large cities. For example, San Francisco has a median 2BR rent of $3,070, 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.