At $1,680/mo, rent takes about 32% of the local median household income, slightly above the 30% benchmark.
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 $1,680 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
30% of the median household income ($62,867) is $1,572 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,310); a 4-bedroom is $1,700.
From Zillow's monthly rent index (ZORI) for Sheridan. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Is your rent fair?
Compare your rent to the local median.
Who lives here
Sheridan, WY is majority owner-occupied, has a median income below the national average, 29% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Sheridan, WY has changed in 5 years
On the earnings side, the typical household in Sheridan, WY now reports about $62,867, up from $52,104 in 2021. Headcount in the area went from 18,660 to 19,285 between 2021 and 2024, a 3.3% change. About 37.9% of households rent today, against 39.4% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher slipped from 31.9% to 29%.
Discussions about Sheridan
No discussions yet. Start the conversation.
Can you afford rent in Sheridan on your salary?
At $1,680/mo, how Sheridan rent compares to typical pay (30% rule).
Sheridan rent by bedroom count
Median rent for each apartment size in Sheridan. Click any size for full breakdown.
Tips for renters in Sheridan
Last updated: October 17, 2026
The median rent in Sheridan is $1,680/mo as of October 2026. A studio apartment averages $830/mo while a 2-bedroom runs $1,090/mo. One-bedroom apartments average $830/mo and 3-bedroom units go for $1,310/mo.
At 32% of local median household income ($62,867/yr), Sheridan ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.
Frequently asked questions
How much income do you need to rent in Sheridan?
Is rent going up or down in Sheridan?
How does Sheridan rent compare to other cities in Wyoming?
Which nearby cities are cheaper to rent in than Sheridan?
At $1,680/mo, rent takes ~32% of Sheridan's median household income ($62,867/yr). The standard benchmark is 30%.
How does this area stack up?
Pick another city or ZIP to compare.
Estimated from ZIP-level data
Be the first to submit your rent for Sheridan.
No discussions yet.