Average Rent in Casper, WY↓ Rents falling 0.7% YoY🔺 4th priciest in WY

Casper, WY has rental prices ranging from $755/month to $1,764/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $868/month — 38% below the national average of $1,400/month. With a median household income of $71,247/year, spending $868/month on a 1-bedroom represents 15% of gross income — within the recommended 30% threshold.

How Casper Compares

With an average 2-bedroom rent of $1,062/month, Casper ranks #4 most expensive of the 23 cities tracked in Wyoming — pricier than 72% of all US cities in our data.

The Casper Rental Market

The Casper, WY area has a population of about 79,735 and 26% 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 Casper, WY have fallen by $8/month (0.7%) over the past year, from $1,070 to $1,062. Rents have remained relatively stable year over year, indicating a balanced rental market in the area.

Affordability

To afford a 1-bedroom apartment in Casper, WY without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $34,720. The local median household income of $71,247 exceeds that threshold by $36,527, making Casper relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Casper, WY is $311,133, giving a price-to-rent ratio of 24.4. With a break-even horizon of approximately 24 years, renting is likely the more financially prudent option for most residents unless they plan to stay long-term.

Is Casper, WY Affordable?

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

Rent or Buy in Casper?

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

Living in Casper

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