Average Rent in Sheridan County, WY↓ Rents falling 4.2% YoY🔺 3rd priciest in WY

Sheridan County, WY has rental prices ranging from $831/month to $1,712/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $836/month — 40% below the national average of $1,400/month. With a median household income of $70,855/year, spending $836/month on a 1-bedroom represents 14% of gross income — within the recommended 30% threshold.

How Sheridan County Compares

With an average 2-bedroom rent of $1,097/month, Sheridan County ranks #3 most expensive of the 23 cities tracked in Wyoming — pricier than 75% of all US cities in our data.

The Sheridan County Rental Market

The Sheridan County, WY area has a population of about 31,585 and 30% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Sheridan County, WY have fallen by $48/month (4.2%) over the past year, from $1,145 to $1,097. This slight decline is consistent with broader market corrections seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Sheridan County, WY without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $33,440. The local median household income of $70,855 exceeds that threshold by $37,415, making Sheridan County relatively accessible compared to local wages.

Economy & Jobs

Sheridan County, WY has an unemployment rate of 2.3%, 1.6 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.

Is Sheridan County, WY Affordable?

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

Rent or Buy in Sheridan County?

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

Living in Sheridan County

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