City Report · MI

Wyoming

Pop. 77,353·47th most expensive in Michigan·Rental market data updated monthly for Wyoming, MI
Median rent (all units)
$1,555/mo
Year-over-Year
+3.7%
Month-over-Month
+1.5%
vs US Median
-$377
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
Wyoming · $1,555
More affordable than 72% of US cities · National median $1,932/mo
Rent Reality Score
53/100
Fairly priced
OverheatedFairGreat value

Rents are right about where Wyoming's 10-year trend predicts.

Actual rent
$1,555/mo
Expected by trend
$1,577/mo
The Rent Reality Score compares today's median rent to where Wyoming's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,065
1 BR
$1,110
2 BR
$1,325
3 BR
$1,725
4 BR+
$1,890
Fair Market Rent (HUD)
$1,325/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,555 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in Wyoming is at its highest level since Zillow's records here began in February 2022.

Past year vs. the rest of Michigan

Rent in Wyoming changed +3.7% over the year to September 2026. Across the 79 Michigan cities Zillow tracks, the typical change was +4.1%.

Recent direction

Rent has risen 2 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($73,677) is $1,842 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,725); a 4-bedroom is $1,890.

Cheaper nearby

Northview, 11 miles away, rents for 17% less ($1,289/mo), about $3,200 a year in savings.

From Zillow's monthly rent index (ZORI) for Wyoming. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$18,660/yr
At $1,555/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 3.7% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+3.7% YoY, +1.5% MoM), not inventory.
Rent check

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Demographics

Who lives here

Wyoming, MI is majority owner-occupied, 25.5% of residents hold a bachelor's degree or higher.

Population
77,353
Median income
$73,677
Median age
34
Renters
32.9%
Age distribution
24.2%
27.4%
24.8%
Under 1824.2%
18–3427.4%
35–5424.8%
55–6411.7%
65+11.9%
Gender
50.3%
49.7%
Male50.3%
Female49.7%
Race & ethnicity
60.5%
26.5%
White60.5%
Black9.7%
Hispanic26.5%
Asian1.9%
Other1.5%
Education (25+)
30.4%
32.2%
25.5%
No HS diploma11.8%
HS diploma30.4%
Some college32.2%
Bachelor's+25.5%
Housing tenure
67.1%
32.9%
Owner67.1%
Renter32.9%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2022 vs 2026

How Wyoming, MI has changed in 5 years

Rent
$1,279 → $1,555
up 21.6%
Income
$61,128 → $73,677
up 20.5%
Population
76,625 → 77,353
up 1.0%
Renter share
33.2% → 32.9%
-0.3 pts
Bachelor's+
22.6% → 25.5%
+2.9 pts

Compared with 2022, rent in Wyoming, MI has climbed by $276 per month, settling near $1,555 after starting the period at $1,279. Census figures show median household income at $73,677 today, compared with $61,128 five years earlier. Headcount in the area went from 76,625 to 77,353 between 2021 and 2024, a 1.0% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 22.6% to 25.5%. The combined trend lines point to a market that has changed measurably from where it stood in early 2022.

Community

Discussions about Wyoming

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View Wyoming rent history (2015–2026) →
Salary vs rent

Can you afford rent in Wyoming on your salary?

At $1,555/mo, how Wyoming rent compares to typical pay (30% rule).

By apartment size

Wyoming rent by bedroom count

Median rent for each apartment size in Wyoming. Click any size for full breakdown.

Local insights

Tips for renters in Wyoming

About renting in Wyoming, MI

Last updated: October 17, 2026

The median rent in Wyoming is $1,555/mo as of October 2026. A studio apartment averages $1,065/mo while a 2-bedroom runs $1,325/mo. One-bedroom apartments average $1,110/mo and 3-bedroom units go for $1,725/mo.

At 25% of local median household income ($73,677/yr), Wyoming ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.7% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in Wyoming?

To keep rent at or below 30% of gross income, you would need to earn at least $62,000/year (about $30/hour full-time) to afford the median rent of $1,555/mo in Wyoming. The local median household income is $73,677/yr, so the typical household meets that bar.

Is rent going up or down in Wyoming?

Rent in Wyoming has risen 3.7% over the past year as of September 2026. That is the highest level since Zillow's records here began in February 2022.

Which Wyoming neighborhoods have the lowest rent?

The most affordable ZIP codes in Wyoming are 49519 ($1,390/mo), and 49509 ($1,442/mo). Citywide, the median rent is $1,555/mo.

How does Wyoming rent compare to other cities in Michigan?

Wyoming is in the middle among Michigan cities for rent, ranking #47 of 100 tracked cities at $1,555/mo. Over the year to September 2026, rent in Wyoming changed +3.7%, against a typical +4.1% across the 79 Michigan cities Zillow tracks.

Which nearby cities are cheaper to rent in than Wyoming?

Nearby cities with lower median rent than Wyoming ($1,555/mo) include Northview ($1,289/mo), and Walker ($1,492/mo).
Income Affordability
25%
AFFORDABLE

At $1,555/mo, rent takes ~25% of Wyoming's median household income ($73,677/yr). The standard benchmark is 30%.

Wyoming 25%Benchmark 30%
State income tax4.25%
Run the Wyoming affordability calculator →
Lowest-rent ZIP codes in Wyoming
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Wyoming, MI

Recent submissions

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