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City Report · WY

Riverton

Pop. 10,856·11th most expensive in Wyoming·One of the most affordable rental markets in the US
Median rent (all units)
$955/mo
Year-over-Year
Stable
Month-over-Month
+14.7%
vs US Median
-$1,007
Rising (Monthly)
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Most AffordableMost Expensive
Riverton · $955
More affordable than 98% of US cities · National median $1,962/mo
Affordability
21% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $955/mo, rent takes about 21% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$38,000/yr
Local median income
$55,208/yr
Based on the 30%-of-income rule using Riverton's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$710
1 BR
$710
2 BR
$930
3 BR
$1,310
4 BR+
$1,500
Fair Market Rent (HUD)
$930/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $955 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
$11,460/yr
At $955/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, +14.7% MoM), not inventory.
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Demographics

Who lives here

Riverton, WY is majority owner-occupied, has a large share of families with children, has a median income below the national average, 24.1% of residents hold a bachelor's degree or higher.

Population
10,856
Median income
$55,208
Median age
35.1
Renters
44.9%
Age distribution
25.1%
24.8%
23.4%
15.4%
Under 1825.1%
18–3424.8%
35–5423.4%
55–6411.3%
65+15.4%
Gender
49.2%
50.8%
Male49.2%
Female50.8%
Race & ethnicity
75.1%
White75.1%
Black0.6%
Hispanic12%
Asian0.9%
Other11.4%
Education (25+)
31.8%
37.2%
24.1%
No HS diploma6.9%
HS diploma31.8%
Some college37.2%
Bachelor's+24.1%
Housing tenure
55.1%
44.9%
Owner55.1%
Renter44.9%

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

2021 vs 2026

How Riverton, WY has changed in 5 years

Income
$51,565 → $55,208
up 7.1%
Population
10,619 → 10,856
up 2.2%
Renter share
38.8% → 44.9%
+6.1 pts
Bachelor's+
22.6% → 24.1%
+1.5 pts
Median age
37.1 → 35.1
-2.0 yrs

On the earnings side, the typical household in Riverton, WY now reports about $55,208, up from $51,565 in 2021. Headcount in the area went from 10,619 to 10,856 between 2021 and 2024, a 2.2% change. About 44.9% of households rent today, against 38.8% in 2021.

Community

Discussions about Riverton

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

Can you afford rent in Riverton on your salary?

At $955/mo, how Riverton rent compares to typical pay (30% rule).

By apartment size

Riverton rent by bedroom count

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

Local insights

Tips for renters in Riverton

About renting in Riverton, WY

Last updated: August 17, 2026

The median rent in Riverton is $955/mo as of August 2026. A studio apartment averages $710/mo while a 2-bedroom runs $930/mo. One-bedroom apartments average $710/mo and 3-bedroom units go for $1,310/mo.

At 21% of local median household income ($55,208/yr), Riverton ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Riverton an affordable city for renters?

Riverton is considered very affordable for renters. At $955/mo, rent takes approximately 21% of the local median household income ($55,208/yr). The standard benchmark is 30%. Riverton falls comfortably within that range.

How much income do you need to rent in Riverton?

To keep rent at or below 30% of gross income, you would need to earn at least $38,000/year (~$18/hour full-time) to afford the median rent of $955/mo in Riverton. The local median household income is $55,208/yr, meaning the typical Riverton household meets that threshold.

Is rent going up or down in Riverton?

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

How does Riverton rent compare to other cities in Wyoming?

Riverton is one of the more affordable cities in Wyoming for rent, ranking #11 out of 11 tracked cities at $955/mo.

What percentage of Riverton residents rent vs. own?

According to Census data, approximately 44.9% of Riverton households are renters, while 55.1% are owner-occupied. Riverton leans toward homeownership, which can mean a smaller rental inventory.

How does Riverton rent compare to the national average?

Riverton's median rent of $955/mo is $1,007 (51%) below the US national median of $1,962/mo. Within Wyoming, it ranks #11 out of 11 tracked cities.
Income Affordability
21%
VERY AFFORDABLE

At $955/mo, rent takes ~21% of Riverton's median household income ($55,208/yr). The standard benchmark is 30%.

Riverton 21%Benchmark 30%
State income taxNone
Run the Riverton affordability calculator →
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Neighborhoods

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Schools nearby

Public schools near Riverton, WY

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