City Report · WA

Cheney

Pop. 12,804·107th most expensive in Washington·One of the most affordable rental markets in the US
Median rent (all units)
$1,343/mo
Year-over-Year
+3.2%
Month-over-Month
+0.3%
vs US Median
-$589
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
Cheney · $1,343
More affordable than 85% of US cities · National median $1,932/mo
Rent Reality Score
56/100
Fairly priced
OverheatedFairGreat value

Rents are 3% below what Cheney's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,343/mo
Expected by trend
$1,382/mo
The Rent Reality Score compares today's median rent to where Cheney's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$950
1 BR
$1,070
2 BR
$1,380
3 BR
$1,910
4 BR+
$2,240
Fair Market Rent (HUD)
$1,380/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,343 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 Cheney is at its highest level since Zillow's records here began in May 2023.

Past year vs. the rest of Washington

Rent in Cheney changed +3.2% over the year to September 2026. Across the 97 Washington cities Zillow tracks, the typical change was +2.6%.

Recent direction

Rent has risen 4 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($54,503) is $1,363 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,070); a 2-bedroom is $1,380.

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

Annual cost
$16,116/yr
At $1,343/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (3.2% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+3.2% YoY, +0.3% MoM), not inventory.
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Demographics

Who lives here

Cheney, WA is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 38% of residents hold a bachelor's degree or higher.

Population
12,804
Median income
$54,503
Median age
24.4
Renters
65.3%
Age distribution
14.3%
54.6%
14%
Under 1814.3%
18–3454.6%
35–5414%
55–645.4%
65+11.7%
Gender
46.6%
53.4%
Male46.6%
Female53.4%
Race & ethnicity
76.6%
White76.6%
Black1.1%
Hispanic10.7%
Asian3.5%
Other8.1%
Education (25+)
18.5%
39.5%
38%
No HS diploma4%
HS diploma18.5%
Some college39.5%
Bachelor's+38%
Housing tenure
34.7%
65.3%
Owner34.7%
Renter65.3%

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

2021 vs 2026

How Cheney, WA has changed in 5 years

Income
$42,275 → $54,503
up 28.9%
Population
12,743 → 12,804
up 0.5%
Renter share
66.3% → 65.3%
-1.0 pts
Bachelor's+
43.6% → 38%
-5.6 pts
Median age
23.4 → 24.4
+1.0 yrs

Census figures show median household income at $54,503 today, compared with $42,275 five years earlier. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher slipped from 43.6% to 38%.

Community

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

Can you afford rent in Cheney on your salary?

At $1,343/mo, how Cheney rent compares to typical pay (30% rule).

By apartment size

Cheney rent by bedroom count

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

Local insights

Tips for renters in Cheney

About renting in Cheney, WA

Last updated: October 17, 2026

The median rent in Cheney is $1,343/mo as of October 2026. A studio apartment averages $950/mo while a 2-bedroom runs $1,380/mo. One-bedroom apartments average $1,070/mo and 3-bedroom units go for $1,910/mo.

At 30% of local median household income ($54,503/yr), Cheney ranks as moderate compared to the national benchmark of 30%. Rents have increased 3.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in Cheney?

To keep rent at or below 30% of gross income, you would need to earn at least $54,000/year (about $26/hour full-time) to afford the median rent of $1,343/mo in Cheney. The local median household income is $54,503/yr, so the typical household meets that bar.

Is rent going up or down in Cheney?

Rent in Cheney has risen 3.2% over the past year as of September 2026. That is the highest level since Zillow's records here began in May 2023.

How does Cheney rent compare to other cities in Washington?

Cheney is one of the more affordable among Washington cities for rent, ranking #107 of 109 tracked cities at $1,343/mo. Over the year to September 2026, rent in Cheney changed +3.2%, against a typical +2.6% across the 97 Washington cities Zillow tracks.
Income Affordability
30%
MODERATE

At $1,343/mo, rent takes ~30% of Cheney's median household income ($54,503/yr). The standard benchmark is 30%.

Cheney 30%Benchmark 30%
State income taxNone
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Cheney, WA

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