Rents are 8% below what Laramie's 10-year trend predicts — a better deal than its own history suggests.
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 $1,125 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: October 17, 2026
What the numbers show
Rent in Laramie is 0.1% below its high of $1,126 in March 2026, at $1,125 as of September 2026.
Rent rose in 7 of the last 12 months.
30% of the median household income ($55,613) is $1,390 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,380); a 4-bedroom is $1,655.
From Zillow's monthly rent index (ZORI) for Laramie. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Laramie, WY has changed in 5 years
Across the past five years, the going rent in Laramie, WY has shifted from $878 to $1,125, up 28.1% 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.
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Can you afford rent in Laramie on your salary?
At $1,125/mo, how Laramie rent compares to typical pay (30% rule).
Laramie rent by bedroom count
Median rent for each apartment size in Laramie. Click any size for full breakdown.
Tips for renters in Laramie
Last updated: October 17, 2026
The median rent in Laramie is $1,125/mo as of October 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 24% of local median household income ($55,613/yr), Laramie ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.9% over the past year.
Frequently asked questions
How much income do you need to rent in Laramie?
Is rent going up or down in Laramie?
Which Laramie neighborhoods have the lowest rent?
How does Laramie rent compare to other cities in Wyoming?
At $1,125/mo, rent takes ~24% of Laramie's median household income ($55,613/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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