Cheyenne vs Great Falls
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Great Falls is 15% cheaper for renters. A 2-bedroom rents for $791/mo vs $906/mo in Cheyenne — saving $1,380/year.
Rent by Unit Size
| Unit Size | Cheyenne | Great Falls | Difference |
|---|---|---|---|
| Studio | $586 | $519 | $67 |
| 1 Bedroom | $741 | $625 | $116 |
| 2 Bedrooms | $906 | $791 | $115 |
| 3 Bedrooms | $1,120 | $997 | $123 |
| 4 Bedrooms | $1,322 | $1,047 | $275 |
| Median Income | $46,984 | $41,522 | $5,462 |
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
Great Falls
- Studio
- $519/mo
- 1 BR
- $625/mo
- 2 BR
- $791/mo
- 3 BR
- $997/mo
- 4 BR
- $1,047/mo
- Median Income
- $41,522/yr
Frequently Asked Questions
Is Cheyenne or Great Falls cheaper to rent in?
Great Falls is cheaper — a 2-bedroom Fair Market Rent is $791/mo vs $906/mo in Cheyenne. That's $115/mo or $1,380/year more expensive in Cheyenne (15% higher).
What is the 2-bedroom rent in Cheyenne vs Great Falls?
The HUD Fair Market Rent for a 2-bedroom in Cheyenne is $906/month. In Great Falls, a 2-bedroom FMR is $791/month.
How do incomes compare between Cheyenne and Great Falls?
The median household income in Cheyenne is $46,984/year. In Great Falls it is $41,522/year. Cheyenne has the higher median income.
What is the studio rent in Cheyenne vs Great Falls?
A studio apartment Fair Market Rent in Cheyenne is $586/mo. In Great Falls it is $519/mo.