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City Report · WY

Lander

Pop. 7,432·3rd most expensive in Wyoming·One of the most affordable rental markets in the US
Median rent (all units)
$1,413/mo
Year-over-Year
Stable
Month-over-Month
+6.6%
vs US Median
-$549
Rising (Monthly)
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Most AffordableMost Expensive
Lander · $1,413
More affordable than 81% of US cities · National median $1,962/mo
Affordability
23% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $1,413/mo, rent takes about 23% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$57,000/yr
Local median income
$74,813/yr
Based on the 30%-of-income rule using Lander's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$760
1 BR
$760
2 BR
$1,000
3 BR
$1,400
4 BR+
$1,610
Fair Market Rent (HUD)
$1,000/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,413 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: August 17, 2026

Annual cost
$16,956/yr
At $1,413/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, +6.6% MoM), not inventory.
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Demographics

Who lives here

Lander, WY is majority owner-occupied, has a large share of families with children, 42.3% of residents hold a bachelor's degree or higher.

Population
7,432
Median income
$74,813
Median age
37.5
Renters
33.3%
Age distribution
27.1%
17.6%
27.5%
16.2%
Under 1827.1%
18–3417.6%
35–5427.5%
55–6411.6%
65+16.2%
Gender
49.2%
50.8%
Male49.2%
Female50.8%
Race & ethnicity
79.8%
13.5%
White79.8%
Black0.6%
Hispanic6.1%
Other13.5%
Education (25+)
23.4%
31.4%
42.3%
No HS diploma2.9%
HS diploma23.4%
Some college31.4%
Bachelor's+42.3%
Housing tenure
66.7%
33.3%
Owner66.7%
Renter33.3%

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

2021 vs 2026

How Lander, WY has changed in 5 years

Income
$65,014 → $74,813
up 15.1%
Population
7,551 → 7,432
down 1.6%
Renter share
32.7% → 33.3%
+0.6 pts
Bachelor's+
41% → 42.3%
+1.3 pts

Median household income grew from $65,014 to $74,813 between 2021 and 2024, a 15.1% shift. Headcount in the area went from 7,551 to 7,432 between 2021 and 2024, a 1.6% change.

Community

Discussions about Lander

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

Can you afford rent in Lander on your salary?

At $1,413/mo, how Lander rent compares to typical pay (30% rule).

By apartment size

Lander rent by bedroom count

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

Local insights

Tips for renters in Lander

About renting in Lander, WY

Last updated: August 17, 2026

The median rent in Lander is $1,413/mo as of August 2026. A studio apartment averages $760/mo while a 2-bedroom runs $1,000/mo. One-bedroom apartments average $760/mo and 3-bedroom units go for $1,400/mo.

At 23% of local median household income ($74,813/yr), Lander ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Lander an affordable city for renters?

Lander is considered very affordable for renters. At $1,413/mo, rent takes approximately 23% of the local median household income ($74,813/yr). The standard benchmark is 30%. Lander falls comfortably within that range.

How much income do you need to rent in Lander?

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 $1,413/mo in Lander. The local median household income is $74,813/yr, meaning the typical Lander household meets that threshold.

Is rent going up or down in Lander?

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

How does Lander rent compare to other cities in Wyoming?

Lander is one of the pricier cities in Wyoming for rent, ranking #3 out of 11 tracked cities at $1,413/mo.

Which nearby cities are cheaper to rent in than Lander?

Several nearby cities have lower median rents than Lander ($1,413/mo): Riverton ($955/mo), Rawlins ($1,025/mo), Green River ($1,032/mo).

What percentage of Lander residents rent vs. own?

According to Census data, approximately 33.3% of Lander households are renters, while 66.7% are owner-occupied. Lander leans toward homeownership, which can mean a smaller rental inventory.

How does Lander rent compare to the national average?

Lander's median rent of $1,413/mo is $549 (28%) below the US national median of $1,962/mo. Within Wyoming, it ranks #3 out of 11 tracked cities.
Income Affordability
23%
VERY AFFORDABLE

At $1,413/mo, rent takes ~23% of Lander's median household income ($74,813/yr). The standard benchmark is 30%.

Lander 23%Benchmark 30%
State income taxNone
Run the Lander affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Lander, WY

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