RentData

Average Rent in Carbon County, WY Rents falling 5.4% YoY

HUD FY2025 · Official government data · Updated annually · Metro pop. 14,549

Data review: HUD FY2025Sources: HUD, Zillow, Census, BLSMethodologyEditorial standardsReport a correction

Market Overview

Carbon County, WY has rental prices ranging from $746/month to $1,615/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $751/month — 46% below the national average of $1,400/month. With a median household income of $66,721/year, spending $751/month on a 1-bedroom represents 14% of gross income — within the recommended 30% threshold.

How Carbon County Compares

With an average 2-bedroom rent of $982/month, Carbon County ranks #11 most expensive of the 23 cities tracked in Wyoming — pricier than 62% of all US cities in our data.

The Carbon County Rental Market

The Carbon County, WY area has a population of about 14,549 and 23% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.

Rent Trends

2-bedroom rents in Carbon County, WY have fallen by $56/month (5.4%) over the past year, from $1,038 to $982. This slight decline is consistent with broader market corrections seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Carbon County, WY without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $30,040. The local median household income of $66,721 exceeds that threshold by $36,681, making Carbon County relatively accessible compared to local wages.

Economy & Jobs

Carbon County, WY has an unemployment rate of 2.5%, 1.4 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 FY2025
Studio
$746
Affordable
1 Bedroom
$751
Affordable
2 Bedrooms
$982
5.4% YoY
Affordable
3 Bedrooms
$1,376
Affordable
4 Bedrooms
$1,615
Affordable
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Is Carbon County, WY Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Affordability Index(30% income rule)

To rent a 2BR
$39,280/year
Local median income: $66,721
To buy a median home
/year
US national median: $75,000
💡 Based on a 2BR rent of $982/month and 20% down on a home at 7% rate.

Nearby Cities in WYlargest metros in the state

CityStudio1BR2BR3BRHome 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
Albany County$712$808$990$1,387

Rent or Buy in Carbon County?

Break-even analysis and mortgage estimates based on local market data.

Should I Rent or Buy?

Break-even analysis using real Carbon County data

$
Home Value
$350,000
2BR Rent
$982/mo
Mortgage Rate
7%
Monthly P&I
$1,863/mo
🏠 Buy

Buying breaks even after 5 years — worth it if you stay 5+ years.

Total monthly buy cost: $2,577/movs rent: $982/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Living in Carbon County

Cost of living, job market, crime rates, and moving cost estimates.

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Frequently Asked Questions

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🏘️Neighborhoods in Carbon County

Compare rent & home prices by neighborhood

💵Rent Affordability in Carbon County

Salary needed to afford rent here

🗺️All Cities in WY

See how Carbon County ranks statewide

⚖️Compare Carbon County

Side-by-side rent & cost of living with any city

📋WY Tenant Rights

Deposit limits, eviction laws & renters protections