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Studio Apartments for Rent in Cheyenne, WY

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    Starting at $1,149 Per Month

    • Studio - 2 Beds

    601 W 19th St, Cheyenne, WY 82001

    Welcome to West End Flats, where modern living meets western charm in the heart of downtown Cheyenne. Our studio, one-bedroom, and two-bedroom apartments feature open layouts, contemporary finishes, and sleek interiors. Residents enjoy premium amenities, including a stylish party room, outdoor patios, and convenient storage. Just steps from your door, explore local breweries, live music,

    West End Flats

    (307) 317-3024

    601 W 19th St, Cheyenne, WY 82001
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    Starting at $969 Per Month

    • Studio - 2 Beds

    6102 US Highway 30, Cheyenne, WY 82001

    The Aire brings a fresh and modern living experience to Cheyenne, Wyoming. It features studio, one-bedroom, and two-bedroom apartments with open layouts, contemporary finishes, and calming interiors that feel bright and welcoming. Residents will enjoy premium amenities, including a fully equipped fitness center, movie lounge, party room, outdoor patios, and additional tenant storage. With its

    The Aire

    (307) 317-3689

    6102 US Highway 30, Cheyenne, WY 82001
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    $750 Per Month

    • Studio
    • 1 Bath
    • 500 Sq Ft
    • Condo for Rent

    1610 Pebrican Ave, Cheyenne, WY 82001

    Step into this inviting 500-square-foot studio apartment, offering a comfortable and highly functional living space! To make budgeting easy, we offer a simple base rent plus a predictable flat monthly fee that covers your primary utilities—leaving you responsible only for your own internet/cable. While there are no washer or dryer connections on site, you will find local laundromats just a short

    1610 Pebrican Ave, Cheyenne, WY 82001

Why Live in Cheyenne

Cheyenne's status as the highest state capital at 6,062 feet combines with its western heritage to create a distinctive atmosphere. The world's largest outdoor rodeo, Cheyenne Frontier Days, brings 10 days of professional rodeo competitions, parades, and country music concerts each July. Residents enjoy 37 public parks and access to outdoor recreation at nearby Curt Gowdy State Park, Vedauwoo Recreation Area, and Medicine Bow National Forest. The dining scene features established local institutions like The Albany, a family-owned restaurant serving American fare since 1942, alongside newer additions such as Wyoming's Rib & Chop House and The Metropolitan Downtown.

The real estate landscape includes diverse options across several neighborhoods. The median price for single family homes ranges from $259,000 in Fox Farm-College to $622,500 in The Pointe. Historic Cheyenne features single family homes with a median price of $300,000, while Indian Hills commands a median of $415,000. Condominiums present more affordable options, with median prices of $194,900 for one bedroom units and $205,000 for two bedrooms.

Cheyenne maintains a cost of living 0.9% below the national average. A family with school-age children needs approximately $104,000 annually to live comfortably, while renters should aim for $54,000. The city has no state income tax, and property taxes remain competitive at 0.58%. Pioneer Park Elementary School, rated B Plus by Niche, serves families in Historic Cheyenne. Major employers include the State of Wyoming government, F.E. Warren Air Force Base, and Burlington Northern Santa Fe Railroad. The city's location 100 miles north of Denver provides additional employment and cultural opportunities within a 1.5 hour drive.

Frequently Asked Questions

How much does it cost to rent a home in Cheyenne, WY?
The median rent for a home in Cheyenne, WY is $1,675 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Cheyenne, WY?
To comfortably afford the median rent in Cheyenne, WY, a household needs to earn roughly $67,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,675 per month in Cheyenne, WY, renters typically need to show $5,025 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Cheyenne, WY?
In Cheyenne, WY, the price-to-rent ratio is 19.7, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends in Cheyenne, WY

Rental Home Trends

Number of Homes for Rent
3
Median Rent
$1,675
Median Single Family Home Rent
$1,725
Median Townhouse Rent
$2,850
Median Condo Rent
$1,195
How to Rent a Home