Cheap Apartments for Rent in Laramie, WY from $500 (45 Rentals)

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Search the lowest-cost Apartments available for rent right now in Laramie.

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459 N 5th St
$510 - $1,010
Total Monthly Price

Total Monthly Price

Base Rent
$510 - $1,010

Total Monthly Price
$510 - $1,010
Studio to 2 Bedroom Apartment Available Now

459 N 5th St

459 N 5th StLaramie, WY 82072
Affordability
  • Smoke Free
property at 514 S 10th St

$649 - $749

Studio To 1 Bedroom Rentals

Available Now

514 S 10th St

LaramieWY82070
property at 455 N 5th St

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850

Total Monthly Price
$850

2 Bedroom, 1 Bath Home for Rent

Available Now

455 N 5th St

LaramieWY82072

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.

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2310 E Garfield St
Studio to 2 Bedroom Apartments

2310 E Garfield St

2310 E Garfield StLaramie, WY 82070
  • Utilities Included
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305 S 10th St
Studio to 1 Bedroom Apartments

305 S 10th St

305 S 10th StLaramie, WY 82070

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.

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1408 Canby St
2 Bedroom Apartments

1408 Canby St

1408 Canby StLaramie, WY 82072
property at 866 N 5th St

$825 - $900

1 To 2 Bedroom Rentals

Available Aug 14

866 N 5th St

LaramieWY82072

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.

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The W Apartments
Studio to 2 Bedroom Apartments

The W Apartments

165 N 3rd StLaramie, WY 82072

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.

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Laramie Senior Housing
1 to 2 Bedroom Apartments

Laramie Senior Housing

404 S 30th StLaramie, WY 82070
Senior Living
  • Utilities Included

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

Cheapest Neighborhoods for Apartments in Laramie, WY

Pricing Updated: 06/07/2026

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Laramie$2,200$51015

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 ListingModel NameBed/BathPriced From
305 S 10th St0 Beds, 1 BathsStudio,1BA$799
The W ApartmentsUnit 26Studio,1BA$899
Legacy Laramie Senior Residences2x1 40/45% TC TypeE2BR,1BA$937
University Heights (KC-AM)2BR/1.0BA2BR,1BA$1,095
1953 N 9th St3 Beds, 1 Baths3BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
459 N 5th St459 N 5th St2BR,1BA$1.01
1609 Rainbow Ave, Unit 1609.5 A1609 Rainbow Ave2BR,1BA$1.21
1953 N 9th St3 Beds, 1 Baths3BR,1BA$1.33
Legacy Laramie Senior Residences2x1 60% TC TypeE2BR,1BA$1.59
606 E Fremont St, Unit 3606 E Fremont St2BR,1BA$1.83
University Heights (KC-AM)2BR/1.0BA2BR,1BA$1.48
305 S 10th St0 Beds, 1 BathsStudio ,1BA$1.78
608 E Fremont St, Unit 608 Fremont 2026-2027608 E Fremont St1BR,1BA$2.75
The TimbersStudioStudio ,1BA$1.73
The W ApartmentsUnit 26Studio ,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.

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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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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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Location, Location, Location!

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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

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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.

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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.

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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.

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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.