Cheyenne, WY Average Rent & Rental Yield
Compare average asking rent (median), gross rental yield, home value, and transaction activity before moving into listing-level underwriting or investor discovery.
Average rent in Cheyenne, WY
The median asking rent in Cheyenne, WY is $2,100 as of July 2026, based on active rental listings across the metro. We report the median — the midpoint of asking rents — because it tracks the typical listing more reliably than a simple average, which luxury and outlier listings can skew.
Against an average home value of $352,249, that rent level prices Cheyenne, WY at a 7.11% gross rental yield — compared with 7.08% across Wyoming.
Metro vs state rental signal
The metro read is a first-pass screen. Compare it with the state baseline, then pressure-test taxes, insurance, vacancy, rehab, and financing assumptions at the property level.
Cheyenne, WY rent and rental yield comparison
The current Cheyenne, WY baseline is $2,100 median asking rent and 7.11% gross rental yield. Compare rent, yield, and home values with selected Wyoming metros, then open a public report or Rental Insights for property-level follow-up.
Casper, WY
Casper, WY median asking rent is $1,600, $500 (23.8%) lower than the $2,100 median asking rent in Cheyenne, WY.
- Median rent
- $1,600
- Gross yield
- 7.86%
- Avg home value
- $260,692
Sheridan, WY
Sheridan, WY median asking rent is $1,800, $300 (14.3%) lower than the $2,100 median asking rent in Cheyenne, WY.
- Median rent
- $1,800
- Gross yield
- 6.31%
- Avg home value
- $353,482
Riverton, WY
Riverton, WY median asking rent is $1,500, $600 (28.6%) lower than the $2,100 median asking rent in Cheyenne, WY.
- Median rent
- $1,500
- Gross yield
- 7.56%
- Avg home value
- $253,521
Jackson, WY-ID
Jackson, WY-ID median asking rent is $7,400, $5,300 (252.4%) higher than the $2,100 median asking rent in Cheyenne, WY.
- Median rent
- $7,400
- Gross yield
- 3.32%
- Avg home value
- $2,427,697
Rock Springs, WY
Rock Springs, WY median asking rent is $1,500, $600 (28.6%) lower than the $2,100 median asking rent in Cheyenne, WY.
- Median rent
- $1,500
- Gross yield
- 8.07%
- Avg home value
- $209,441
Laramie, WY
Laramie, WY median asking rent is $1,999, $101 (4.8%) lower than the $2,100 median asking rent in Cheyenne, WY.
- Median rent
- $1,999
- Gross yield
- 6.72%
- Avg home value
- $355,754
Gillette, WY
Gillette, WY median asking rent is $1,900, $200 (9.5%) lower than the $2,100 median asking rent in Cheyenne, WY.
- Median rent
- $1,900
- Gross yield
- 8.18%
- Avg home value
- $282,349
Cody, WY
Cody, WY median asking rent is $1,750, $350 (16.7%) lower than the $2,100 median asking rent in Cheyenne, WY.
- Median rent
- $1,750
- Gross yield
- 6.24%
- Avg home value
- $336,037
Cheyenne, WY rent and yield FAQ
Quick answers based on the latest Cheyenne, WY rental listing and transaction data.
What is the average rent in Cheyenne, WY?
As of July 2026, the median asking rent in Cheyenne, WY is $2,100. SFR Analytics reports the median of active rental listings rather than a simple average so outlier luxury listings do not distort the figure.
What is a good rental yield in Cheyenne, WY?
Cheyenne, WY currently prices at a 7.11% gross rental yield, versus 7.08% across Wyoming. Treat gross yield as a first-pass screen — it excludes taxes, insurance, vacancy, rehab, and financing, so underwrite at the property level before acting on it.
Move from Cheyenne, WY market context to property-level screening
Open Rental Insights with Cheyenne, WY selected, then pair the yield signal with investor activity and rental data workflows.