True Cost of Renting in Cheyenne
Cheyenne is Wyoming's state capital and largest city, with an economy anchored by the state government, Francis E. Warren Air Force Base (ICBM operations), and growing data center investment driven by low electricity costs and land availability. Rents are among the lowest in the Mountain West, and the combination of no state income tax and low utility costs makes Cheyenne's real cost of living even lower than the rent figures suggest.
Neighborhoods & Average Rents
Downtown Cheyenne
- Studio:
- $800/mo
- 1 Bed:
- $1,050/mo
- 2 Bed:
- $1,500/mo
Historic downtown near the Wyoming State Capitol and Cheyenne Depot Museum; independent restaurants and western-culture shops. Older apartment buildings with moderate utility costs. Black Hills Energy electric and natural gas. Winter heating at 6,100 ft elevation runs $120–160/mo.
West Cheyenne / Dell Range
- 1 Bed:
- $1,100/mo
- 2 Bed:
- $1,550/mo
Suburban development along Dell Range Boulevard; newer apartment complexes near major retail corridors. Car-dependent. Popular with Warren AFB personnel. Newer construction with better insulation than downtown historic buildings.
Utility Providers
- Electric
- Black Hills Energy
- Water
- City of Cheyenne Board of Public Utilities
- Internet
- Spectrum, Lumen Technologies, T-Mobile Home Internet
Commute & Transportation
I-25 and I-80 intersect at Cheyenne, making it a regional highway crossroads. Warren AFB is on the western edge of the city — military personnel and contractors are significant renters. The State of Wyoming government complex is Downtown. Denver is 100 miles south on I-25 (1.5 hrs) — some Cheyenne residents commute to Denver for higher salaries. Fort Collins, CO is 45 miles south, closer for many employment sectors.
Rental Market Overview
Cheyenne is one of the most affordable state capitals in the US. Black Hills Energy rates are competitive. Wyoming has no state income tax, making the effective cost of living lower than rent figures suggest. Warren AFB BAH rates anchor the military rental market around $1,200–1,500/mo. The data center corridor along I-80 has brought Microsoft, Google, and Amazon facility employment but limited direct residential demand (automated facilities). Renters insurance averages $11–14/month.
Data last updated: 2026-04
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