Rents are 2% above what Wyoming's 10-year trend predicts — running hotter than its own history.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,621 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 →
12-month history
Last updated: August 17, 2026
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Who lives here
Wyoming, MI is majority owner-occupied, 25.5% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Wyoming, MI has changed in 5 years
Compared with 2022, rent in Wyoming, MI has climbed by $312 per month, settling near $1,621 after starting the period at $1,309. Census figures show median household income at $73,677 today, compared with $61,128 five years earlier. Rent outpaced income growth by roughly 3.3 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. 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.
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Can you afford rent in Wyoming on your salary?
At $1,621/mo, how Wyoming rent compares to typical pay (30% rule).
Wyoming rent by bedroom count
Median rent for each apartment size in Wyoming. Click any size for full breakdown.
Tips for renters in Wyoming
Last updated: August 17, 2026
The median rent in Wyoming is $1,621/mo as of August 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 7.6% over the past year.
Frequently asked questions
Is Wyoming an affordable city for renters?
How much income do you need to rent in Wyoming?
Is rent going up or down in Wyoming?
Which Wyoming neighborhoods have the lowest rent?
How does Wyoming rent compare to other cities in Michigan?
Which nearby cities are cheaper to rent in than Wyoming?
What percentage of Wyoming residents rent vs. own?
How does Wyoming rent compare to the national average?
At $1,621/mo, rent takes ~26% of Wyoming's median household income ($73,677/yr). The standard benchmark is 30%.
How does this area stack up?
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Estimated from ZIP-level data
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