If you’re dreaming of wide-open spaces, breathtaking views, and affordable living, Wyoming might be your perfect match. Known for its awe-inspiring landscapes and outdoor adventures, this state also offers a range of cities where you can live comfortably without breaking the bank.
Whether you’re looking to rent a cozy apartment or enjoy free outdoor activities, Wyoming’s most affordable cities have something for everyone. Let’s dive into five of the cheapest places to live in Wyoming along with some of the largest employers and most popular affordable attractions in each area.
1. Laramie
Average rent: $695
Laramie tops our list as the most affordable city in Wyoming, with an average rent of just $695. Both one-bedroom and two-bedroom apartments in Laramie share this same low average, making Laramie a particularly budget-friendly choice for renters. The lower cost of living is partly due to the availability of housing options and the city’s college-town atmosphere, which often drives competition among landlords, keeping rental prices in check.
Laramie is home to the University of Wyoming, the city’s largest employer, providing jobs in education, research, and administration. The university also cement’s Laramie’s status as one of the very best Wyoming college towns. Outdoorsy types will love the free access to the Medicine Bow National Forest and Vedauwoo Recreation Area, both offering countless opportunities for hiking, rock climbing, and camping.
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2. Cheyenne
Average rent: $825
Cheyenne’s average rent is $825. One-bedroom apartments in Cheyenne average $770, while two-bedroom options are around $880, making it a great choice for both individuals and small families. Cheyenne’s affordability is boosted by its relatively low property taxes and energy costs, which translate into savings for renters.
As the state capital, Cheyenne has a diverse job market, with major employers including the State of Wyoming, F.E. Warren Air Force Base, and Union Pacific Railroad. To get the true Cheyenne experience, hit the Cheyenne Botanic Gardens and Lions Park, both offering free or low-cost activities. The city also celebrates its rich Western heritage with events like Cheyenne Frontier Days, the world’s largest outdoor rodeo, where many of the festivities are free.
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3. Rock Springs
Average rent: $942
Rock Springs is an affordable choice for those looking for a bit more space, with an average rent of $942. One-bedroom apartments are around $874, while two-bedrooms go for about $1,009. The city’s affordability is partly due to its robust housing market and low utility costs, which are among the most reasonable in the state.
Major employers in Rock Springs include Sweetwater County School District, Memorial Hospital of Sweetwater County, and the local energy industry, which remains a key economic driver. For those looking for free or low-cost entertainment, Rock Springs is home to several parks, including the scenic Bunning Park. Outdoor lovers will also appreciate the nearby Flaming Gorge National Recreation Area, which offers endless recreational activities at no cost.
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4. Gillette
Average rent: $1,117
Gillette offers an affordable living experience with an average rent of $1,117. One-bedroom apartments here average $992, while two-bedroom units are around $1,242.
Gillette’s economy is largely driven by the energy sector, with major employers like Cloud Peak Energy and Peabody Energy providing numerous jobs in the area. The city also offers low-cost activities, like exploring the Campbell County Rockpile Museum or taking a stroll through Dalbey Memorial Park. The nearby Keyhole State Park is another attraction, where residents can enjoy fishing, boating, and picnicking without spending much.
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5. Casper
Average rent: $1,162
Rounding out our list is Casper, with an average rent of $1,162. One-bedroom apartments in Casper average $1,313, while two-bedroom units go for around $1,409. Although slightly higher than the other cities on this list, Casper remains an affordable option, especially given the city’s strong job market and the variety of housing options available.
Casper is a hub for healthcare and education, with major employers including Wyoming Medical Center and Casper College. The city has a wealth of affordable activities, like visiting the Tate Geological Museum or walking along the Platte River Trails. Locals also enjoy easy access to Casper Mountain, where outdoor activities like hiking, skiing, and snowshoeing are popular and often free or inexpensive.
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Methodology
All cities must have over 10,000 residents per the US Census and have an average rent price under or within $150 of the median rent price for the state – which is $1,020 per month according to Redfin data. Average rental data from Rent.com July 2024.
Source: rent.com