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City Report · MI

Wyoming

Pop. 77,353·40th most expensive in Michigan·Wyoming rents are up 8.1% over the past year
Median rent (all units)
$1,607/mo
Year-over-Year
+8.1%
Month-over-Month
+0.1%
vs US Median
-$358
Stable (Monthly)
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Most AffordableMost Expensive
Wyoming · $1,607
More affordable than 69% of US cities · National median $1,965/mo
Rent Reality Score
47/100
Fairly priced
OverheatedFairGreat value

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

Actual rent
$1,607/mo
Expected by trend
$1,585/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
Research median
$1,325/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$19,284/yr
At $1,607/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 8.1% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+8.1% YoY, +0.1% MoM), not inventory.
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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
$1,309 → $1,607
up 22.8%
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 $298 per month, settling near $1,607 after starting the period at $1,309. 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 $1,607/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: July 20, 2026

The median rent in Wyoming is $1,607/mo as of July 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 26% of local median household income ($73,677/yr), Wyoming ranks as affordable compared to the national benchmark of 30%. Rents have increased 8.1% over the past year.

FAQ

Frequently asked questions

Is Wyoming an affordable city for renters?

Wyoming is considered affordable for renters. At $1,607/mo, rent takes approximately 26% of the local median household income ($73,677/yr). The standard benchmark is 30%. Wyoming falls comfortably within that range.

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 $64,000/year (~$31/hour full-time) to afford the median rent of $1,607/mo in Wyoming. The local median household income is $73,677/yr, meaning the typical Wyoming household meets that threshold.

Is rent going up or down in Wyoming?

Rent in Wyoming has increased 8.1% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Wyoming neighborhoods have the lowest rent?

The most affordable ZIP codes in Wyoming are 49509 ($1,392/mo), and 49519 ($1,475/mo). Citywide, the median rent in Wyoming is $1,607/mo.

How does Wyoming rent compare to other cities in Michigan?

Wyoming is middle-of-the-pack for Michigan for rent, ranking #40 out of 95 tracked cities at $1,607/mo.

Which nearby cities are cheaper to rent in than Wyoming?

Several nearby cities have lower median rents than Wyoming ($1,607/mo): Northview ($1,340/mo), Walker ($1,531/mo).

What percentage of Wyoming residents rent vs. own?

According to Census data, approximately 32.9% of Wyoming households are renters, while 67.1% are owner-occupied. Wyoming leans toward homeownership, which can mean a smaller rental inventory.

How does Wyoming rent compare to the national average?

Wyoming's median rent of $1,607/mo is $358 (18%) below the US national median of $1,965/mo. Within Michigan, it ranks #40 out of 95 tracked cities.
Income Affordability
26%
AFFORDABLE

At $1,607/mo, rent takes ~26% of Wyoming's median household income ($73,677/yr). The standard benchmark is 30%.

Wyoming 26%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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