RentData

Average Rent in Cheyenne County, NE↑ Rents rising 4.4% YoY🔺 8th priciest in NE

HUD FY2027 · Official government data · Updated annually · Metro pop. 9,478

Data review: HUD FY2027Sources: HUD, Zillow, Census, BLSMethodologyEditorial standardsReport a correction

Market Overview

Cheyenne County, NE has rental prices ranging from $861/month to $1,490/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $867/month — 38% below the national average of $1,400/month. With a median household income of $57,594/year, spending $867/month on a 1-bedroom represents 18% of gross income — within the recommended 30% threshold.

How Cheyenne County Compares

With an average 2-bedroom rent of $1,134/month, Cheyenne County ranks #8 most expensive of the 89 cities tracked in Nebraska — pricier than 68% of all US cities in our data.

The Cheyenne County Rental Market

The Cheyenne County, NE area has a population of about 9,478 and 33% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Cheyenne County, NE have risen by $48/month (4.4%) over the past year, from $1,086 to $1,134. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Cheyenne County, NE without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $34,680. The local median household income of $57,594 exceeds that threshold by $22,914, making Cheyenne County relatively accessible compared to local wages.

Economy & Jobs

Cheyenne County, NE has an unemployment rate of 2.6%, 1.3 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 FY2027
Studio
$861
Affordable
1 Bedroom
$867
Affordable
2 Bedrooms
$1,134
↑4.4% YoY
Affordable
3 Bedrooms
$1,351
Affordable
4 Bedrooms
$1,490
Average
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Is Cheyenne County, NE 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
$45,360/year
Local median income: $57,594
To buy a median home
—/year
US national median: $75,000
💡 Based on a 2BR rent of $1,134/month and 20% down on a — home at 7% rate.

Nearby Cities in NElargest metros in the state

CityStudio1BR2BR3BRHome Value
Lincoln$948$1,009$1,230$1,703—
Hall County$902$972$1,210$1,505—
Buffalo County$899$904$1,097$1,432—
Dodge County$874$923$1,207$1,438—
Scotts Bluff County$712$782$1,023$1,294—
Madison County$753$866$1,082$1,400—

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

$
Home Value
$350,000
2BR Rent
$1,134/mo
Mortgage Rate
7%
Monthly P&I
$1,863/mo
🏠 Buy

Buying breaks even after 1 year — worth it if you stay 1+ years.

Total monthly buy cost: $2,577/movs rent: $1,134/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

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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🏘️Neighborhoods in Cheyenne County

Compare rent & home prices by neighborhood

💵Rent Affordability in Cheyenne County

Salary needed to afford rent here

🗺️All Cities in NE

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⚖️Compare Cheyenne County

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

📋NE Tenant Rights

Deposit limits, eviction laws & renters protections