Metro FMR · CBSA 16940 · HUD FY2026

Cheyenne, WY MSA Fair Market Rent

HUD's FY2026 Fair Market Rent for the Cheyenne, WY MSA metro area - 4% below the US average.

$917
1-bedroom FMR
$1,174
2-bedroom FMR
+1.6%
YoY change
-4%
vs US avg

The verdict

A 2-bedroom in the Cheyenne, WY MSA area rents at $1,174 under HUD's FY2026 Fair Market Rent - 0% below the US average, lower than 69% of the 387 metro areas HUD tracks.

#121
most affordable of 387 US metros (2BR)
-0%
vs the US 2-bedroom average
$46,960
income to afford it (30% rule)
+1.6%
1BR change, FY2025→2026

Affordability & income context

Cheyenne: #121 most affordable nationally · income context

At the metro's ACS median household income of $77,884, this 1-bedroom FMR takes 14.1% of annual income. It is well below the 30% affordability guide for a median-income household.

The 2-bedroom figure places Cheyenne in the middle half of HUD metro areas, using the same FY2026 HUD schedule as the national comparison.

With 100,316 residents, this is a smaller-metro benchmark rather than a single-neighborhood rent quote.

Population has held roughly steady over the past five years (+3.0%, Census ACS).

The ACS rental vacancy rate here is 1.6%, a tight rental market where HUD's annual FMR schedule can lag what landlords are actually asking.

The Census ACS median gross rent across all rental units here is $1,080/month - the FY2026 HUD two-bedroom FMR of $1,174 runs 8.7% above that all-unit-types median. The two figures measure different things (ACS covers every rented unit; FMR targets a specific bedroom count), so a gap is expected, not an error.

Its 2-bedroom FMR sits in the middle half of HUD metro areas, so the local-income comparison is more informative than the national rank alone.

The studio-through-two-bedroom FMR bands stay below 30% of recorded median income here; the larger-bedroom rows show where that headroom narrows.

Observed renter burden: 43.8% of the 12,410 renter households counted by ACS paid at least 30% of income in gross rent. This ACS 2023 household measure is distinct from the FY2026 HUD FMR benchmark.

ACS median household income lags the FY2026 HUD FMR schedule. The income share is a same-metro cross-source read (Census ACS B19013 vs HUD FMR), not a same-vintage ratio.

Studio

$809/mo

12.5% of median income

1 Bedroom

$917/mo

14.1% of median income

2 Bedroom

$1,174/mo

18.1% of median income

3 Bedroom

$1,633/mo

25.2% of median income

4 Bedroom

$1,969/mo

30.3% of median income

FMR filing desk

CBSA CBSA·16940

Cheyenne: $917/mo 1BR · #121 of 387 metros (2BR) · FY2026 CBSA 16940

  • CBSA 16940
  • 1BR-FMR $917
  • 2BR-FMR $1,174
  • RANK-MID #121
  • YOY-FLAT +1.6%
  • VSUS-NEAR -4%
  • IN-ST-HIGH #2 WY
  • INC-ROOM 14%
  • POP-MID 100K
  • PHOTO-NEAR Casper
  • VOUCH-90-110 $825–$1,009
  • FY-2026 FY2026

Photo-finish peer: Casper ($65 1BR gap)

Read with: How Fair Market Rent works

Where Cheyenne sits among every US metro

2-bedroom Fair Market Rent vs. all 387 HUD metro areas

$1,174 higher than 31% of 387 metro areas

$800–$1,000: 28 metro areas (7%). Below this entry. $1,000–$1,200: 114 metro areas (29%). This entry sits in this band. $1,200–$1,400: 95 metro areas (25%). Above this entry. $1,400–$1,600: 52 metro areas (13%). Above this entry. $1,600–$1,800: 41 metro areas (11%). Above this entry. $1,800–$2,000: 26 metro areas (7%). Above this entry. $2,000–$2,200: 9 metro areas (2%). Above this entry. $2,200–$2,400: 5 metro areas (1%). Above this entry. $2,400–$2,600: 5 metro areas (1%). Above this entry. $2,600–$2,800: 5 metro areas (1%). Above this entry. $2,800–$3,000: 4 metro areas (1%). Above this entry. $3,000–$3,200: 2 metro areas (1%). Above this entry. $3,200–$3,400: 0 metro areas (0%). Above this entry. $3,400–$3,600: 0 metro areas (0%). Above this entry. $3,600–$3,800: 0 metro areas (0%). Above this entry. $3,800–$4,000: 0 metro areas (0%). Above this entry. $4,000–$4,200: 0 metro areas (0%). Above this entry. $4,200–$4,400: 1 metro areas (0%). Above this entry. This metro $800 $4,400 every US metro, bucketed by value

Each bar is a $0.2K-wide band; taller bars hold more metro areas. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

What this shows #121 of 387 HUD-tracked metro areas, 0% below the national 2-bedroom average. 113 other metro areas fall in this same rent band.

Source U.S. Department of Housing and Urban Development, Fair Market Rents · FY2026

Cheyenne studio–4BR schedule (FY2026) · 2BR #121 most affordable

1BR $917 (-4% vs US, +1.6% YoY). Each bedroom band below is FY2026 HUD FMR for CBSA 16940.

Studio
$809
US avg $893
↑3.5% YoY -9% vs US
1 Bedroom
$917
US avg $959
↑1.6% YoY -4% vs US
2 Bedroom
$1,174
US avg $1,175
↑2.9% YoY -0% vs US
3 Bedroom
$1,633
US avg $1,525
↑2.1% YoY +7% vs US
4 Bedroom
$1,969
US avg $1,756
↑2.8% YoY +12% vs US

How Cheyenne compares on 1-bedroom rent

1-bedroom FMR vs metros with similar rent levels

1BR FMR / mo

What this shows Cheyenne highlighted among 5 peers · FY2026 1BR HUD FMR.

Source U.S. Department of Housing and Urban Development (HUD) As of FY2026

Cheyenne: out-of-state FMR & burden peers

PlainRent pairs Cheyenne with the 4 nearest HUD 2BR schedules and 4 nearest burden matches outside WY (burden peers exclude the FMR set; pop ≥50k).

2BR FMR · outside WY

Nearest schedules by 2BR delta (FY2026).

Anderson
SC · 2 BR $1,173/mo
Rockford
IL · 2 BR $1,175/mo
Jacksonville
NC · 2 BR $1,173/mo
Custer County
SD · 2 BR $1,173/mo

Burden % · outside WY

Nearest 2BR FMR ÷ ACS median income (FY2026).

Provo-Orem-Lehi
UT · 18.1% of income · 2 BR $1,460/mo
Wausau
WI · 18.1% of income · 2 BR $1,147/mo
Green Bay
WI · 18% of income · 2 BR $1,164/mo
Lyon County
NV · 18% of income · 2 BR $1,272/mo

Cheyenne: quick answers

What is the average rent in the Cheyenne, WY MSA metro area? ▼
The FY 2026 Fair Market Rent for a 1-bedroom in Cheyenne, WY MSA is $917 per month. A 2-bedroom is $1,174 and a studio is $809.
How does Cheyenne, WY MSA rent compare to the national average? ▼
Rent in the Cheyenne, WY MSA metro area is 4% below the national average. A 1-bedroom costs $917 compared to $959 nationally.
Where does Cheyenne rank nationally for Fair Market Rent? ▼
HUD's FY 2026 2-bedroom FMR of $1,174 ranks #121 most affordable among 387 US metro areas (the middle half of HUD metro areas).
What income do I need to afford rent in Cheyenne, WY MSA? ▼
Based on the 30% affordability rule, you need an annual income of at least $36,680 ($3,057/month) to afford a 1-bedroom at Fair Market Rent in the Cheyenne, WY MSA area.
Is Cheyenne's population growing, and how tight is its rental market? ▼
Population has held roughly steady over the past five years (+3.0%, Census ACS). The ACS rental vacancy rate here is 1.6%, a tight rental market where HUD's annual FMR schedule can lag what landlords are actually asking.

Compare Cheyenne vs Casper →

What this means for renters

Treat Cheyenne's FY2026 Fair Market Rent as HUD's affordability benchmark, not a single market quote.

  • Budget to roughly 30% of income: the FY2026 1-bedroom FMR of $917 implies about $36,680/yr to rent without being cost-burdened. Run your numbers
  • See how Cheyenne stacks up against a comparable metro before assuming this figure applies elsewhere. Compare vs Casper
  • See where Cheyenne ranks nationally on rent. National rankings

Fair Market Rent is HUD's 40th-percentile policy benchmark used to set Housing Choice Voucher payment standards. This is a metro-wide figure across 1 county; actual asking rents in any specific county can run higher or lower, and HUD updates FMRs once a year. This site is informational and not financial or relocation advice.

Data as of FY 2026. Source: U.S. Department of Housing and Urban Development (HUD) Fair Market Rents. Population and demographic data from U.S. Census Bureau American Community Survey (ACS).

Read our methodology - how this data is sourced, computed, and verified.

FY 2026 HUD FMR $917/mo · 1BR WY

Every figure on PlainRent is rendered directly from HUD's published Fair Market Rent records, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of FY 2026.