Cheyenne vs Salt Lake City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Cheyenne is 24% cheaper for renters. A 2-bedroom rents for $906/mo vs $1,127/mo in Salt Lake City — saving $2,652/year.
Rent by Unit Size
| Unit Size | Cheyenne | Salt Lake City | Difference |
|---|---|---|---|
| Studio | $586 | $754 | $168 |
| 1 Bedroom | $741 | $912 | $171 |
| 2 Bedrooms | $906 | $1,127 | $221 |
| 3 Bedrooms | $1,120 | $1,352 | $232 |
| 4 Bedrooms | $1,322 | $1,632 | $310 |
| Median Income | $46,984 | $77,224 | $30,240 |
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
Salt Lake City
- Studio
- $754/mo
- 1 BR
- $912/mo
- 2 BR
- $1,127/mo
- 3 BR
- $1,352/mo
- 4 BR
- $1,632/mo
- Median Income
- $77,224/yr
Frequently Asked Questions
Is Cheyenne or Salt Lake City cheaper to rent in?
Cheyenne is cheaper — a 2-bedroom Fair Market Rent is $906/mo vs $1,127/mo in Salt Lake City. That's $221/mo or $2,652/year more expensive in Salt Lake City (24% higher).
What is the 2-bedroom rent in Cheyenne vs Salt Lake City?
The HUD Fair Market Rent for a 2-bedroom in Cheyenne is $906/month. In Salt Lake City, a 2-bedroom FMR is $1,127/month.
How do incomes compare between Cheyenne and Salt Lake City?
The median household income in Cheyenne is $46,984/year. In Salt Lake City it is $77,224/year. Salt Lake City has the higher median income.
What is the studio rent in Cheyenne vs Salt Lake City?
A studio apartment Fair Market Rent in Cheyenne is $586/mo. In Salt Lake City it is $754/mo.