How much does it cost to rent in Cody, WY?

As of July 2026, the median monthly rent in Cody, WY is $1,431. This figure is based on aggregated data from public sources and community-submitted rents.

Is Cody cheaper than other Wyoming cities?

Cody is one of the pricier cities in Wyoming, ranking #2 out of 9 cities tracked at $1,431/mo.

When was Cody rent data last updated?

Cody rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · WY

Cody

Name: Average Rent Prices in Cody, WY
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 10,276·2nd most expensive in Wyoming·Rental market data updated monthly for Cody, WY

Median rent (all units)

$1,431/mo

Year-over-Year

Stable

Month-over-Month

+24.8%

vs US Median

-$534

Rising (Monthly)

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Most AffordableMost Expensive

Cody · $1,431

More affordable than 80% of US cities · National median $1,965/mo

Affordability

24% of income

VERY AFFORDABLE

0%30% benchmark60%+

At $1,431/mo, rent takes about 24% of the local median household income, comfortably within the 30% benchmark.

Income to afford

$57,000/yr

Local median income

$72,570/yr

Based on the 30%-of-income rule using Cody's median rent and household income. See the full affordability breakdown →

Medians by bedroom

Rent by unit size

Studio

$710

1 BR

$790

2 BR

$1,030

3 BR

$1,440

4 BR+

$1,730

Research median

$1,030/mo

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

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost

$17,172/yr

At $1,431/mo median

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+0.0% YoY, +24.8% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Cody, WY is majority owner-occupied, has a large retiree population, 41% of residents hold a bachelor's degree or higher.

Population

10,276

Median income

$72,570

Median age

42.3

Renters

30.5%

Age distribution

22.4%

18.9%

22.3%

16.1%

20.3%

Under 1822.4%

18–3418.9%

35–5422.3%

55–6416.1%

65+20.3%

Gender

52.7%

47.3%

Male52.7%

Female47.3%

Race & ethnicity

89.5%

White89.5%

Hispanic5.2%

Other4.5%

Education (25+)

24.1%

32.9%

41%

No HS diploma1.9%

HS diploma24.1%

Some college32.9%

Bachelor's+41%

Housing tenure

69.5%

30.5%

Owner69.5%

Renter30.5%

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

2021 vs 2026

How Cody, WY has changed in 5 years

Income

$59,682 → $72,570

up 21.6%

Population

10,055 → 10,276

up 2.2%

Renter share

33.9% → 30.5%

-3.4 pts

Bachelor's+

37.4% → 41%

+3.6 pts

Median age

41 → 42.3

+1.3 yrs

Local incomes tracked alongside that move, going from a median of $59,682 in 2021 to $72,570 more recently. The population has grown by 2.2% since 2021, moving from about 10,055 residents to roughly 10,276. Renters now make up 30.5% of households, compared with 33.9% five years ago. College-educated residents now make up 41% of adults here, versus 37.4% in 2021.

Community

Discussions about Cody

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View Cody rent history (2015–2026) →

Salary vs rent

Can you afford rent in Cody on your salary?

At $1,431/mo, how Cody rent compares to typical pay (30% rule).

Registered Nurse

Avg $88,811/yr · Rent = 19.3% income

very comfortable

Elementary School Teacher

Avg $63,055/yr · Rent = 27.2% income

affordable

Police Officer

Avg $72,634/yr · Rent = 23.6% income

affordable

Software Developer

Avg $129,823/yr · Rent = 13.2% income

very comfortable

Lawyer

Avg $165,882/yr · Rent = 10.4% income

very comfortable

Firefighter

Avg $59,041/yr · Rent = 29.1% income

affordable

Truck Driver

Avg $53,307/yr · Rent = 32.2% income

stretched

Electrician

Avg $65,706/yr · Rent = 26.1% income

affordable

By apartment size

Cody rent by bedroom count

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

Local insights

Tips for renters in Cody

About renting in Cody, WY

Last updated: July 20, 2026

The median rent in Cody is $1,431/mo as of July 2026. A studio apartment averages $710/mo while a 2-bedroom runs $1,030/mo. One-bedroom apartments average $790/mo and 3-bedroom units go for $1,440/mo.

At 24% of local median household income ($72,570/yr), Cody ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Cody an affordable city for renters?

Cody is considered very affordable for renters. At $1,431/mo, rent takes approximately 24% of the local median household income ($72,570/yr). The standard benchmark is 30%. Cody falls comfortably within that range.

How much income do you need to rent in Cody?

To keep rent at or below 30% of gross income, you would need to earn at least $57,000/year (~$27/hour full-time) to afford the median rent of $1,431/mo in Cody. The local median household income is $72,570/yr, meaning the typical Cody household meets that threshold.

Is rent going up or down in Cody?

Rent in Cody has been relatively stable over the past year, with a 0.0% change year over year as of July 2026.

How does Cody rent compare to other cities in Wyoming?

Cody is one of the pricier cities in Wyoming for rent, ranking #2 out of 9 tracked cities at $1,431/mo.

Which nearby cities are cheaper to rent in than Cody?

Several nearby cities have lower median rents than Cody ($1,431/mo): Laurel ($1,286/mo), Livingston ($1,339/mo).

What percentage of Cody residents rent vs. own?

According to Census data, approximately 30.5% of Cody households are renters, while 69.5% are owner-occupied. Cody leans toward homeownership, which can mean a smaller rental inventory.