Average Rent in Cheyenne County, CO↑ Rents rising 11.8% YoY
HUD FY2027 · Official government data · Updated annually · Metro pop. 1,732
Market Overview
Cheyenne County, CO has rental prices ranging from $867/month to $1,812/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $898/month — 36% below the national average of $1,400/month. With a median household income of $67,768/year, spending $898/month on a 1-bedroom represents 16% of gross income — within the recommended 30% threshold.
How Cheyenne County Compares
With an average 2-bedroom rent of $1,167/month, Cheyenne County ranks #41 most expensive of the 55 cities tracked in Colorado — pricier than 72% of all US cities in our data.
The Cheyenne County Rental Market
The Cheyenne County, CO area has a population of about 1,732 and 27% 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 Cheyenne County, CO have risen by $123/month (11.8%) over the past year, from $1,044 to $1,167. This rate of increase is significant and reflects strong rental demand and limited housing supply in the local market.
Affordability
To afford a 1-bedroom apartment in Cheyenne County, CO without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $35,920. The local median household income of $67,768 exceeds that threshold by $31,848, making Cheyenne County relatively accessible compared to local wages.
Economy & Jobs
Cheyenne County, CO has an unemployment rate of 2.9%, 1.0 percentage point 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 FY2027Is Cheyenne County, CO 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 COlargest metros in the state
| City | Studio | 1BR | 2BR | 3BR | Home Value |
|---|---|---|---|---|---|
| Denver | $1,751 | $1,831 | $2,169 | $2,846 | — |
| Colorado Springs | $1,129 | $1,380 | $1,621 | $2,245 | — |
| Fort Collins | $1,551 | $1,589 | $1,759 | $2,379 | — |
| Greeley | $1,240 | $1,307 | $1,647 | $2,281 | — |
| Boulder | $1,520 | $1,735 | $2,033 | $2,703 | — |
| Pueblo | $879 | $978 | $1,263 | $1,611 | — |
Rent or Buy in Cheyenne County?
Break-even analysis and mortgage estimates based on local market data.
Should I Rent or Buy?
Break-even analysis using real Cheyenne County data
Buying breaks even after 1 year — worth it if you stay 1+ years.
Living in Cheyenne County
Cost of living, job market, crime rates, and moving cost estimates.
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Frequently Asked Questions
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💵Rent Affordability in Cheyenne CountySalary needed to afford rent here
🗺️All Cities in COSee how Cheyenne County ranks statewide
⚖️Compare Cheyenne CountySide-by-side rent & cost of living with any city
📋CO Tenant RightsDeposit limits, eviction laws & renters protections