Cheyenne vs Colorado Springs
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Cheyenne is 26% cheaper for renters. A 2-bedroom rents for $906/mo vs $1,142/mo in Colorado Springs — saving $2,832/year.
Rent by Unit Size
| Unit Size | Cheyenne | Colorado Springs | Difference |
|---|---|---|---|
| Studio | $586 | $778 | $192 |
| 1 Bedroom | $741 | $959 | $218 |
| 2 Bedrooms | $906 | $1,142 | $236 |
| 3 Bedrooms | $1,120 | $1,510 | $390 |
| 4 Bedrooms | $1,322 | $1,677 | $355 |
| Median Income | $46,984 | $70,288 | $23,304 |
Cheyenne
- Studio
- $586/mo
- 1 BR
- $741/mo
- 2 BR
- $906/mo
- 3 BR
- $1,120/mo
- 4 BR
- $1,322/mo
- Median Income
- $46,984/yr
Colorado Springs
- Studio
- $778/mo
- 1 BR
- $959/mo
- 2 BR
- $1,142/mo
- 3 BR
- $1,510/mo
- 4 BR
- $1,677/mo
- Median Income
- $70,288/yr
Frequently Asked Questions
Is Cheyenne or Colorado Springs cheaper to rent in?
Cheyenne is cheaper — a 2-bedroom Fair Market Rent is $906/mo vs $1,142/mo in Colorado Springs. That's $236/mo or $2,832/year more expensive in Colorado Springs (26% higher).
What is the 2-bedroom rent in Cheyenne vs Colorado Springs?
The HUD Fair Market Rent for a 2-bedroom in Cheyenne is $906/month. In Colorado Springs, a 2-bedroom FMR is $1,142/month.
How do incomes compare between Cheyenne and Colorado Springs?
The median household income in Cheyenne is $46,984/year. In Colorado Springs it is $70,288/year. Colorado Springs has the higher median income.
What is the studio rent in Cheyenne vs Colorado Springs?
A studio apartment Fair Market Rent in Cheyenne is $586/mo. In Colorado Springs it is $778/mo.