
Cheap Apartments for Rent in Laramie, WY from $500 (45 Rentals)
Search the lowest-cost Apartments available for rent right now in Laramie.


501 E Fremont St

514 S 10th St

407 S 5th St

912 Park

415 E Kearney St

508 E Garfield St

455 N 5th St

1111 E Flint St
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.

309 S 10th St

Total Monthly Price
875 N 15th St

Glacier Place Apartments (Income Based)

1314 E Gibbon St

1268 N 6th St

2310 E Garfield St

513 E Custer St

857 N 4th St

305 S 10th St
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.

1010 Grand Ave

1408 Canby St

866 N 5th St

Autumn Ridge Apartments

702 Downey St

706 Downey St

864 N 5th St

Flint 1111 (KC-AM)

1171 N 17th St
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.

The W Apartments

3338 Joanna Brunner St

1453 N 5th St

2081 Easterling St

168 N 9th St

3322 Joanna Brunner St

3314 Joanna Brunner St

3330 Joanna Brunner St

Legacy Laramie Senior Residences
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

1526 Grand Ave

Laramie Senior Housing

University Heights (KC-AM)

1158 N 17th St

1503 E Baker St

1725 Fetterman Dr

619 S 5th St

1711 Fetterman Dr

954 N McCue St
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
Laramie, WY Local Guide

How much does it cost to rent an apartment in Laramie?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Laramie Studio Apartments | $683 | $510 | $799 |
| Cheap Laramie 1 Bedroom Apartments | $836 | $625 | $1,100 |
| Cheap Laramie 2 Bedroom Apartments | $1,144 | $980 | $1,500 |
| Cheap Laramie 3 Bedroom Apartments | $2,200 | $2,200 | $2,200 |
| Cheap Laramie 4 Bedroom Apartments | $2,099 | $2,099 | $2,099 |
Browse Top Apartments in Laramie
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Laramie, WY Local Guide
- Laramie Neighborhoods
- Nearby Cities
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Cheapest Neighborhoods for Apartments in Laramie, WY
Pricing Updated: 06/07/2026Current apartment rentals in the Laramie, WY area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Laramie Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Downtown Laramie | $2,200 | $510 | 15 |
Cheapest Available Laramie Apartments for Rent
 The cheapest available apartment rental in Laramie, WY is a Studio unit found at 305 S 10th St in the Downtown Laramie neighborhood priced from $799. The W Apartments in the Downtown Laramie neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $899. Here is today’s list of the most affordable Laramie apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 305 S 10th St | 0 Beds, 1 Baths | Studio,1BA | $799 |
| The W Apartments | Unit 26 | Studio,1BA | $899 |
| Legacy Laramie Senior Residences | 2x1 40/45% TC TypeE | 2BR,1BA | $937 |
| University Heights (KC-AM) | 2BR/1.0BA | 2BR,1BA | $1,095 |
| 1953 N 9th St | 3 Beds, 1 Baths | 3BR,1BA | $1,200 |
Best Value Apartments for Rent in Laramie, WY
As of June 07, 2026 the best value apartment in the Laramie area is the $1.01 price per square foot 459 N 5th St Model at 459 N 5th St in the in the Downtown Laramie neighborhood starting from $1,010. The second greatest value Laramie apartment is the 1609 Rainbow Ave Model at 1609 Rainbow Ave, Unit 1609.5 A starting at $1,100 with a $1.21 price per square foot in the Downtown Laramie neighborhood. Here is today’s list of the best values for Laramie apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 459 N 5th St | 459 N 5th St | 2BR,1BA | $1.01 |
| 1609 Rainbow Ave, Unit 1609.5 A | 1609 Rainbow Ave | 2BR,1BA | $1.21 |
| 1953 N 9th St | 3 Beds, 1 Baths | 3BR,1BA | $1.33 |
| Legacy Laramie Senior Residences | 2x1 60% TC TypeE | 2BR,1BA | $1.59 |
| 606 E Fremont St, Unit 3 | 606 E Fremont St | 2BR,1BA | $1.83 |
| University Heights (KC-AM) | 2BR/1.0BA | 2BR,1BA | $1.48 |
| 305 S 10th St | 0 Beds, 1 Baths | Studio ,1BA | $1.78 |
| 608 E Fremont St, Unit 608 Fremont 2026-2027 | 608 E Fremont St | 1BR,1BA | $2.75 |
| The Timbers | Studio | Studio ,1BA | $1.73 |
| The W Apartments | Unit 26 | Studio ,1BA | $3.60 |
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.
Read ArticleReal 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.
Read ArticleQuick 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.
Best Local Schools in Laramie, WY
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Laramie, WY Rentals by Map
See the most popular apartments and homes in Laramie, WY
Frequently Asked Questions about Cheap Laramie Apartments
What is the Cheapest Studio apartment in Laramie?
Currently the most affordable Cheap Studio Apartment in Laramie is at 305 S 10th St listed at $799.
How much is rent for a Cheap One Bedroom Laramie Apartment?
The lowest price for a Cheap One Bedroom Laramie Apartment is $976 at Legacy Laramie Senior Residences.
What is the lowest price for a Cheap Two Bedroom Laramie Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Laramie is starting from $937 at Legacy Laramie Senior Residences.
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

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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.