Cheyenne vs Lexington-Fayette
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Cheyenne is 1% cheaper for renters. A 2-bedroom rents for $906/mo vs $913/mo in Lexington-Fayette — saving $84/year.
Rent by Unit Size
| Unit Size | Cheyenne | Lexington-Fayette | Difference |
|---|---|---|---|
| Studio | $586 | $595 | $9 |
| 1 Bedroom | $741 | $719 | $22 |
| 2 Bedrooms | $906 | $913 | $7 |
| 3 Bedrooms | $1,120 | $1,047 | $73 |
| 4 Bedrooms | $1,322 | $1,300 | $22 |
| Median Income | $46,984 | $47,838 | $854 |
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
Lexington-Fayette
- Studio
- $595/mo
- 1 BR
- $719/mo
- 2 BR
- $913/mo
- 3 BR
- $1,047/mo
- 4 BR
- $1,300/mo
- Median Income
- $47,838/yr
Frequently Asked Questions
Is Cheyenne or Lexington-Fayette cheaper to rent in?
Cheyenne is cheaper — a 2-bedroom Fair Market Rent is $906/mo vs $913/mo in Lexington-Fayette. That's $7/mo or $84/year more expensive in Lexington-Fayette (1% higher).
What is the 2-bedroom rent in Cheyenne vs Lexington-Fayette?
The HUD Fair Market Rent for a 2-bedroom in Cheyenne is $906/month. In Lexington-Fayette, a 2-bedroom FMR is $913/month.
How do incomes compare between Cheyenne and Lexington-Fayette?
The median household income in Cheyenne is $46,984/year. In Lexington-Fayette it is $47,838/year. Lexington-Fayette has the higher median income.
What is the studio rent in Cheyenne vs Lexington-Fayette?
A studio apartment Fair Market Rent in Cheyenne is $586/mo. In Lexington-Fayette it is $595/mo.