RentData

Average Rent in Niobrara County, WY Rents rising 5.4% YoY

HUD FY2025 · Official government data · Updated annually · Metro pop. 2,415

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

Market Overview

Niobrara County, WY has rental prices ranging from $725/month to $1,569/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $729/month — 48% below the national average of $1,400/month. With a median household income of $48,987/year, spending $729/month on a 1-bedroom represents 18% of gross income — within the recommended 30% threshold.

How Niobrara County Compares

With an average 2-bedroom rent of $954/month, Niobrara County ranks #13 most expensive of the 23 cities tracked in Wyoming — pricier than 57% of all US cities in our data.

The Niobrara County Rental Market

The Niobrara County, WY area has a population of about 2,415 and 35% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Niobrara County, WY have risen by $49/month (5.4%) over the past year, from $905 to $954. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Niobrara County, WY without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $29,160. The local median household income of $48,987 exceeds that threshold by $19,827, making Niobrara County relatively accessible compared to local wages.

Economy & Jobs

Niobrara County, WY has an unemployment rate of 3.1%, 0.8 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
$725
Affordable
1 Bedroom
$729
Affordable
2 Bedrooms
$954
5.4% YoY
Affordable
3 Bedrooms
$1,309
Average
4 Bedrooms
$1,569
Average
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Is Niobrara 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
$38,160/year
Local median income: $48,987
To buy a median home
/year
US national median: $75,000
💡 Based on a 2BR rent of $954/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 Niobrara County?

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

Should I Rent or Buy?

Break-even analysis using real Niobrara County data

$
Home Value
$350,000
2BR Rent
$954/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: $954/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Living in Niobrara 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 Niobrara County

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💵Rent Affordability in Niobrara County

Salary needed to afford rent here

🗺️All Cities in WY

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📋WY Tenant Rights

Deposit limits, eviction laws & renters protections