Cheyenne Apartment Unit Configuration Overview - Cheyenne - 1

Cheyenne is the capital of Wyoming and a city that includes F.E. Warren Air Force Base, so the first thing to check when looking for apartment rentals is how much the actual differences are by unit size. For a small city, the price differences between unit types are more pronounced than expected.

Studios vary widely in price, ranging from the $750s to the $990s, but on average, they are around $850, with an area of about 450 square feet. Short-term workers related to state government or single military personnel near the air force base primarily seek studios.

One-bedroom apartments range from the $960s to the $1,310s, with an average of about $1,150 and an area of around 650 square feet. Simply put, this means that the rent increases by nearly $300 when moving from a studio to a one-bedroom.

Two-bedroom apartments range from the $1,200s to the $1,480s, with an average of about $1,380 and an area of around 900 square feet. This is the most sought-after range for households with two roommates or one child.

Three-bedroom apartments are not as plentiful in the market, making it difficult to determine an accurate average, but applying the typical increase compared to two-bedrooms, the rent can be estimated at around $1,600 to $1,700, with an area of about 1,150 square feet. Families working at the air force base or those with multiple children typically occupy this range.

In cities like Cheyenne, which do not have a large population, there is not much new construction, but the recently built complexes tend to focus on one and two-bedroom units. If the terminology is unfamiliar, think of it this way: from the developer's perspective, one to two-bedroom units are the most consistently marketable products.

In the downtown area and near the state government offices, studios and one-bedrooms are relatively abundant, while moving east or south away from Warren Air Force Base makes it easier to find two to three-bedroom standalone apartments or townhouses. Depending on where you settle, the number of rooms can vary even with the same budget.

The rent differences between unit types are estimated to be about $300 between studios and one-bedrooms, about $230 between one-bedrooms and two-bedrooms, and about $250 to $300 between two-bedrooms and three-bedrooms. The jump from a studio to a one-bedroom is where the increase feels the most significant. Overall rental levels in Cheyenne are lower than the national average, so those moving from other major cities often feel a relative sense of relief.

Due to the strong winter winds, whether indoor parking or a garage is included can significantly affect rent. Even for the same two-bedroom unit, complexes with garages often charge about $50 to $100 more per month than those without.

Contract terms also vary slightly by unit type. Studios and one-bedrooms typically have a standard 12-month lease, and there are also complexes that offer short-term leases (around 6 months) for air force base personnel. Two to three-bedroom units are often occupied by families who plan to stay long-term, resulting in a relatively high lease renewal rate.

If a Korean family settles in Cheyenne, it is practical to first consider the commuting distance to the air force base or state government offices and set two-bedrooms as a baseline. Given the characteristics of a small city, three-bedrooms are also much less burdensome than in other major cities, so for families with children, it may not be a bad idea to look for three-bedrooms from the start.