ZIP Code · WY

ZIP 82007

Part of Cheyenne, WY

Pop. 21,704·Laramie County·3rd most expensive ZIP in Wyoming

Median rent (all units)

$1,621/mo

Year-over-Year

+4.7%

Month-over-Month

Stable

vs US Median

-$311

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 82007 · $1,621

More affordable than 64% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$850

1 BR

$970

2 BR

$1,240

3 BR

$1,720

4 BR+

$2,080

Research median

$1,240/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

January. Asking rents in ZIP 82007 usually run 0.7% below trend in January and 1.1% above it in October, about $29 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 82007 is at its highest level since Zillow's records here began in October 2021.

Recent direction

Rent has risen 7 months in a row, and rose in 10 of the last 12 months.

What a typical income covers

30% of the median household income ($58,745) is $1,469 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,240); a 3-bedroom is $1,720.

Rank in Cheyenne

2nd cheapest of 3 ZIP codes in Cheyenne.

From Zillow's monthly rent index (ZORI) for ZIP 82007. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$19,452/yr

At $1,621/mo median

Location

CityCheyenne

StateWY

CountyLaramie County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (4.7% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+4.7% YoY, +0.1% MoM), not inventory.

Demographics

Who lives here

ZIP 82007 (Cheyenne, WY) is majority owner-occupied, has a large share of families with children, has a median income below the national average, 18.9% of residents hold a bachelor's degree or higher.

Population

21,704

Median income

$58,745

Median age

32.7

Renters

36.7%

Age distribution

26.6%

27.3%

21.8%

12.6%

Under 1826.6%

18–3427.3%

35–5421.8%

55–6411.8%

65+12.6%

Gender

51.7%

48.3%

Male51.7%

Female48.3%

Race & ethnicity

72.8%

24.8%

White72.8%

Black2.2%

Hispanic24.8%

Asian1.3%

Education (25+)

35.1%

37%

18.9%

No HS diploma9%

HS diploma35.1%

Some college37%

Bachelor's+18.9%

Housing tenure

63.3%

36.7%

Owner63.3%

Renter36.7%

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

2022 vs 2026

How ZIP 82007 in Cheyenne, WY has changed in 5 years

Rent

$1,323 → $1,621

up 22.5%

Income

$52,659 → $58,745

up 11.6%

Population

22,436 → 21,704

down 3.3%

Renter share

34.1% → 36.7%

+2.6 pts

Bachelor's+

15.6% → 18.9%

+3.3 pts

Five years ago, renters in ZIP 82007 in Cheyenne, WY paid around $1,323 a month. That figure now sits near $1,621, up 22.5% from the 2022 baseline. Census figures show median household income at $58,745 today, compared with $52,659 five years earlier. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 82007 in Cheyenne, WY losing about 732 residents over the five-year window, down 3.3% on net. The renter share has risen from 34.1% to 36.7%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 15.6% to 18.9% across the same window. The combined trend lines point to a market that has changed measurably from where it stood in early 2022.

Community

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About renting in ZIP 82007

Last updated: October 17, 2026

ZIP code 82007 covers Cheyenne, WY. The median rent here is $1,621/mo as of October 2026. A 1-bedroom rents for a median of $970/mo. A 2-bedroom rents for a median of $1,240/mo.

At 33% of local median household income ($58,745/yr), ZIP 82007 ranks as moderate compared to the national benchmark of 30%. Rents have increased 4.7% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 82007?

To keep rent at or below 30% of gross income, you would need to earn at least $65,000/year (about $31/hour full-time) to afford the median rent of $1,621/mo in ZIP 82007. The local median household income is $58,745/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 82007?

Rent in ZIP 82007 has risen 4.7% over the past year as of September 2026. That is the highest level since Zillow's records here began in October 2021.

When is the cheapest time to rent in ZIP 82007?

Asking rents in ZIP 82007 are usually lowest in January, about 0.7% below their yearly trend, and highest in October, about 1.1% above it. At today's median that is a gap of roughly $29 a month. This pattern comes from 5 years of Zillow rent data.