Average Rent in Albany County, WY↓ Rents falling 2.7% YoY
HUD FY2025 · Official government data · Updated annually · Metro pop. 37,713
Market Overview
Albany County, WY has rental prices ranging from $712/month to $1,662/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $808/month — 42% below the national average of $1,400/month. With a median household income of $59,881/year, spending $808/month on a 1-bedroom represents 16% of gross income — within the recommended 30% threshold.
How Albany County Compares
With an average 2-bedroom rent of $990/month, Albany County ranks #10 most expensive of the 23 cities tracked in Wyoming — pricier than 63% of all US cities in our data.
The Albany County Rental Market
The Albany County, WY area has a population of about 37,713 and 51% of households renting rather than owning. That renter share runs above the US average of ~34%, pointing to a competitive rental market where vacancies clear quickly and rents are less negotiable.
Rent Trends
2-bedroom rents in Albany County, WY have fallen by $27/month (2.7%) over the past year, from $1,017 to $990. This slight decline is consistent with broader market corrections seen across US rental markets.
Affordability
To afford a 1-bedroom apartment in Albany County, WY without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $32,320. The local median household income of $59,881 exceeds that threshold by $27,561, making Albany County relatively accessible compared to local wages.
Economy & Jobs
Albany County, WY has an unemployment rate of 2.2%, 1.7 percentage points below the national average of 3.9%. Strong employment conditions typically sustain rental demand, as workers relocate to the area and local residents maintain stable housing.
Fair Market Rents
HUD FY2025Is Albany County, WY Affordable?
Income needed to rent or buy, price history, and how this city compares to nearby metros.
Affordability Index(30% income rule)
Nearby Cities in WYlargest metros in the state
| City | Studio | 1BR | 2BR | 3BR | Home Value |
|---|---|---|---|---|---|
| Cheyenne | $782 | $903 | $1,141 | $1,599 | — |
| Casper | $755 | $868 | $1,062 | $1,488 | — |
| Campbell County | $791 | $876 | $979 | $1,290 | — |
| Sweetwater County | $816 | $821 | $1,003 | $1,248 | — |
| Fremont County | $707 | $711 | $933 | $1,306 | — |
| Sheridan County | $831 | $836 | $1,097 | $1,322 | — |
Rent or Buy in Albany County?
Break-even analysis and mortgage estimates based on local market data.
Should I Rent or Buy?
Break-even analysis using real Albany County data
Buying breaks even after 4 years — worth it if you stay 4+ years.
Living in Albany County
Cost of living, job market, crime rates, and moving cost estimates.
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Frequently Asked Questions
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Compare rent & home prices by neighborhood
💵Rent Affordability in Albany CountySalary needed to afford rent here
🗺️All Cities in WYSee how Albany County ranks statewide
⚖️Compare Albany CountySide-by-side rent & cost of living with any city
📋WY Tenant RightsDeposit limits, eviction laws & renters protections