Studio Apartment Rent in Sheridan, WY
Median asking rent for a studio apartment in Sheridan, Wyoming as of August 2026. That's +42% lower than the citywide median of $1,440 and +36% below the national studio median of $1,290.
Income needed for a studio in Sheridan
Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a studio at the current median rent.
Rent by apartment size in Sheridan
Compare Sheridan's median rent across every apartment size.
Cheapest cities for a studio in Wyoming
| # | City | Studio rent |
|---|---|---|
| 1 | Cody | $710 |
| 2 | Riverton | $710 |
| 3 | Laramie | $720 |
| 4 | Lander | $760 |
| 5 | Casper | $790 |
| 6 | Cheyenne | $790 |
| 7 | Rawlins | $810 |
| 8 | Rock Springs | $810 |
| 9 | Gillette | $815 |
| 10 | Sheridan (this page) | $830 |
| 11 | Green River | $840 |
Most expensive cities for a studio in Wyoming
| # | City | Studio rent |
|---|---|---|
| 1 | Green River | $840 |
| 2 | Sheridan (this page) | $830 |
| 3 | Gillette | $815 |
| 4 | Rock Springs | $810 |
| 5 | Rawlins | $810 |
| 6 | Cheyenne | $790 |
| 7 | Casper | $790 |
| 8 | Lander | $760 |
| 9 | Laramie | $720 |
| 10 | Riverton | $710 |
| 11 | Cody | $710 |
Nearby cities — studio rent
Considering nearby alternatives? 4 of these cities have cheaper studio rents than Sheridan.
| City | Distance | Studio rent | vs Sheridan |
|---|---|---|---|
| Gillette, WY | 93.6 mi | $815 | $-15 (-2%) |
| Miles City, MT | 124.6 mi | $554 | $-276 (-33%) |
| Billings, MT | 134.2 mi | $1,070 | +$240 (+29%) |
| Casper, WY | 136.1 mi | $790 | $-40 (-5%) |
| Laurel, MT | 141.4 mi | $1,000 | +$170 (+20%) |
| Riverton, WY | 156.7 mi | $710 | $-120 (-14%) |
Studio rent in Sheridan — common questions
How much is a studio apartment in Sheridan?
As of August 2026, the median studio apartment rent in Sheridan, Wyoming is $830 per month. This is +42% below the citywide median of $1,440.
What income do you need to afford a studio in Sheridan?
Using the standard 30% rent-to-income rule, you would need an annual income of about $33,200 ($2,767/month gross), which works out to roughly $15.96/hour at a full-time job.
Is Sheridan expensive for a studio compared to the rest of the US?
Sheridan's studio median of $830 is +36% below the national studio median of $1,290. It ranks in the 11th percentile of US cities tracked.
How does Sheridan rank for studio rent in Wyoming?
Among the 11 cities in Wyoming with studio data, Sheridan ranks #10 from cheapest to most expensive.
Are there cheaper studio options near Sheridan?
Yes — nearby cities with cheaper studio rents include Gillette ($815), Miles City ($554), Casper ($790).