Cheyenne vs Madison
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Cheyenne is 15% cheaper for renters. A 2-bedroom rents for $906/mo vs $1,038/mo in Madison — saving $1,584/year.
Rent by Unit Size
| Unit Size | Cheyenne | Madison | Difference |
|---|---|---|---|
| Studio | $586 | $676 | $90 |
| 1 Bedroom | $741 | $827 | $86 |
| 2 Bedrooms | $906 | $1,038 | $132 |
| 3 Bedrooms | $1,120 | $1,222 | $102 |
| 4 Bedrooms | $1,322 | $1,400 | $78 |
| Median Income | $46,984 | $64,691 | $17,707 |
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
Madison
- Studio
- $676/mo
- 1 BR
- $827/mo
- 2 BR
- $1,038/mo
- 3 BR
- $1,222/mo
- 4 BR
- $1,400/mo
- Median Income
- $64,691/yr
Frequently Asked Questions
Is Cheyenne or Madison cheaper to rent in?
Cheyenne is cheaper — a 2-bedroom Fair Market Rent is $906/mo vs $1,038/mo in Madison. That's $132/mo or $1,584/year more expensive in Madison (15% higher).
What is the 2-bedroom rent in Cheyenne vs Madison?
The HUD Fair Market Rent for a 2-bedroom in Cheyenne is $906/month. In Madison, a 2-bedroom FMR is $1,038/month.
How do incomes compare between Cheyenne and Madison?
The median household income in Cheyenne is $46,984/year. In Madison it is $64,691/year. Madison has the higher median income.
What is the studio rent in Cheyenne vs Madison?
A studio apartment Fair Market Rent in Cheyenne is $586/mo. In Madison it is $676/mo.