Wyoming renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Wyoming is about $935 per month. This puts it in the 1st percentile compared to the nation average cost of rent, which is $1,307. Households in Wyoming have a median income of $6,196 per month so the average renter in Wyoming is spending roughly 15% of their earnings on housing.
Nationally, and in Wyoming, home values are the data point most closely correlated with the cost of rent. The median price of a home in Wyoming is $294,307 right now, which is lower than nearby states, meaning that rents in Wyoming also tend to be lower versus these nearby states.
Higher rent prices are common in the northwestern parts of Wyoming while lower rent rates are often available in eastern areas.
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