RentDataNowRentDataNow
City Report · WY

Laramie

Pop. 32,234·6th most expensive in Wyoming·Laramie rents are up 6.9% over the past year
Median rent (all units)
$1,224/mo
Year-over-Year
+6.9%
Month-over-Month
+3.8%
vs US Median
-$741
Rising (Monthly)
Be the first to discuss Laramie rents ↓
Most AffordableMost Expensive
Laramie · $1,224
More affordable than 91% of US cities · National median $1,965/mo
Rent Reality Score
53/100
Fairly priced
OverheatedFairGreat value

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

Actual rent
$1,224/mo
Expected by trend
$1,242/mo
The Rent Reality Score compares today's median rent to where Laramie's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$720
1 BR
$805
2 BR
$985
3 BR
$1,380
4 BR+
$1,655
Research median
$985/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
$14,688/yr
At $1,224/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 6.9% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+6.9% YoY, +3.8% MoM), not inventory.
Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Laramie, WY is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 56.2% of residents hold a bachelor's degree or higher.

Population
32,234
Median income
$55,613
Median age
26.9
Renters
55.9%
Age distribution
13.8%
49.8%
18.3%
Under 1813.8%
18–3449.8%
35–5418.3%
55–647.1%
65+11%
Gender
52.7%
47.3%
Male52.7%
Female47.3%
Race & ethnicity
82.6%
White82.6%
Black1.3%
Hispanic11.4%
Asian3.8%
Other0.8%
Education (25+)
14.3%
26.6%
56.2%
No HS diploma2.9%
HS diploma14.3%
Some college26.6%
Bachelor's+56.2%
Housing tenure
44.1%
55.9%
Owner44.1%
Renter55.9%

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

2022 vs 2026

How Laramie, WY has changed in 5 years

Rent
$889 → $1,224
up 37.7%
Income
$45,299 → $55,613
up 22.8%
Population
31,501 → 32,234
up 2.3%
Renter share
53.6% → 55.9%
+2.3 pts
Bachelor's+
56.8% → 56.2%
-0.6 pts

Across the past five years, the going rent in Laramie, WY has shifted from $889 to $1,224, up 37.7% since 2022. On the earnings side, the typical household in Laramie, WY now reports about $55,613, up from $45,299 in 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show Laramie, WY adding about 733 residents over the five-year window, up 2.3% on net. The renter share has risen from 53.6% to 55.9%, with owner-occupied housing accounting for the remainder. For context, the 2022 to 2026 window covers an unusually volatile run for US rents nationally, and Laramie, WY reflects that arc in its own way.

Community

Discussions about Laramie

No discussions yet. Start the conversation.

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

Can you afford rent in Laramie on your salary?

At $1,224/mo, how Laramie rent compares to typical pay (30% rule).

By apartment size

Laramie rent by bedroom count

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

Local insights

Tips for renters in Laramie

About renting in Laramie, WY

Last updated: July 20, 2026

The median rent in Laramie is $1,224/mo as of July 2026. A studio apartment averages $720/mo while a 2-bedroom runs $985/mo. One-bedroom apartments average $805/mo and 3-bedroom units go for $1,380/mo.

At 26% of local median household income ($55,613/yr), Laramie ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.9% over the past year.

FAQ

Frequently asked questions

Is Laramie an affordable city for renters?

Laramie is considered affordable for renters. At $1,224/mo, rent takes approximately 26% of the local median household income ($55,613/yr). The standard benchmark is 30%. Laramie falls comfortably within that range.

How much income do you need to rent in Laramie?

To keep rent at or below 30% of gross income, you would need to earn at least $49,000/year (~$24/hour full-time) to afford the median rent of $1,224/mo in Laramie. The local median household income is $55,613/yr, meaning the typical Laramie household meets that threshold.

Is rent going up or down in Laramie?

Rent in Laramie has increased 6.9% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Laramie neighborhoods have the lowest rent?

The most affordable ZIP codes in Laramie are 82070 ($1,258/mo), and 82072 ($1,261/mo). Citywide, the median rent in Laramie is $1,224/mo.

How does Laramie rent compare to other cities in Wyoming?

Laramie is one of the more affordable cities in Wyoming for rent, ranking #6 out of 9 tracked cities at $1,224/mo.

What percentage of Laramie residents rent vs. own?

According to Census data, approximately 55.9% of Laramie households are renters, while 44.1% are owner-occupied. With a majority renter population, Laramie has a strong rental market.

How does Laramie rent compare to the national average?

Laramie's median rent of $1,224/mo is $741 (38%) below the US national median of $1,965/mo. Within Wyoming, it ranks #6 out of 9 tracked cities.
Income Affordability
26%
AFFORDABLE

At $1,224/mo, rent takes ~26% of Laramie's median household income ($55,613/yr). The standard benchmark is 30%.

Laramie 26%Benchmark 30%
State income taxNone
Run the Laramie affordability calculator →
Lowest-rent ZIP codes in Laramie
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Laramie, WY

Recent submissions

Be the first to submit your rent for Laramie.

Recent discussions

No discussions yet.