Cheap Homes for Rent in Cheyenne, WY from $700 (15 Rentals)

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

property at 506 E 7th St

$1,150 - $1,750

2 To 3 Bedroom Rentals

Available Now

506 E 7th St

CheyenneWY82007

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Cheyenne, WY Local Guide

Cheapest Available Cheyenne Apartments for Rent

 

The cheapest available apartment rental in Cheyenne, WY is a 2 Beds unit found at Capital Greens Apartments priced from $734. Capital Court has the second lowest priced unit, which is a 2 Beds apartment currently listed from $739. Here is today’s list of the most affordable Cheyenne apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Capital Greens Apartments2 Bedroom2BR,1BA$734
Capital CourtTwo Bedroom2BR,2BA$739
Pershing Pointe2 Bedroom Townhome2BR,2BA$882
KingArthur4961 (KC-AM)1BR/1.0BA1BR,1BA$895
Lexington Hills ApartmentsTwo Bedroom2BR,1BA$1,002

Best Value Apartments for Rent in Cheyenne, WY

As of May 24, 2026 the best value apartment in the Cheyenne area is the $1.83 price per square foot Corner 2 Bedroom Model at Saddle Ridge Luxury Apartments in the starting from $2,195. The second greatest value Cheyenne apartment is the 4 Bedroom Model at Capital Greens Apartments starting at $1,504 with a $1.29 price per square foot . Here is today’s list of the best values for Cheyenne apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Saddle Ridge Luxury ApartmentsCorner 2 Bedroom2BR,2BA$1.83
Capital Greens Apartments4 Bedroom4BR,2BA$1.29
1547 Hot Springs Ave, Unit 1547 Hot Springs #21547 Hot Springs Ave2BR,1BA$1.39
Capital CourtThree Bedroom3BR,2BA$0.79
Pershing Pointe3 Bedroom Ranch Style3BR,2BA$0.94
Prairie View ApartmentsThree Bedroom Enhanced3BR,2BA$1.37
Lexington Hills ApartmentsTwo Bedroom2BR,1BA$1.13
The Kozel House1/11BR,1BA$2.39

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheyenne

What type of rentals are currently available in Cheyenne?

There are currently 142 Apartments for Rent in Cheyenne, WY with pricing that ranges from $630 to $2,289. There are also 62 Single Family Homes for rent, Condos, and Townhome rentals currently available in Cheyenne ranging from $750 to $3,150.

What is the current price range for Rental Homes in Cheyenne?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Cheyenne ranges from $750 to $3,150 with an average monthly rent of $1,969.

How much are larger Three and Four Bedroom Rentals in Cheyenne?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Cheyenne range from $844 to $2,250, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,195 to $2,800. Four Bedroom Single-Family rentals are also available starting from $1,875 and Four Bedroom Apartments start at $1,162.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.