Cheyenne vs Toledo
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Toledo is 18% cheaper for renters. A 2-bedroom rents for $769/mo vs $906/mo in Cheyenne — saving $1,644/year.
Rent by Unit Size
| Unit Size | Cheyenne | Toledo | Difference |
|---|---|---|---|
| Studio | $586 | $521 | $65 |
| 1 Bedroom | $741 | $622 | $119 |
| 2 Bedrooms | $906 | $769 | $137 |
| 3 Bedrooms | $1,120 | $990 | $130 |
| 4 Bedrooms | $1,322 | $1,150 | $172 |
| Median Income | $46,984 | $44,170 | $2,814 |
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
Toledo
- Studio
- $521/mo
- 1 BR
- $622/mo
- 2 BR
- $769/mo
- 3 BR
- $990/mo
- 4 BR
- $1,150/mo
- Median Income
- $44,170/yr
Frequently Asked Questions
Is Cheyenne or Toledo cheaper to rent in?
Toledo is cheaper — a 2-bedroom Fair Market Rent is $769/mo vs $906/mo in Cheyenne. That's $137/mo or $1,644/year more expensive in Cheyenne (18% higher).
What is the 2-bedroom rent in Cheyenne vs Toledo?
The HUD Fair Market Rent for a 2-bedroom in Cheyenne is $906/month. In Toledo, a 2-bedroom FMR is $769/month.
How do incomes compare between Cheyenne and Toledo?
The median household income in Cheyenne is $46,984/year. In Toledo it is $44,170/year. Cheyenne has the higher median income.
What is the studio rent in Cheyenne vs Toledo?
A studio apartment Fair Market Rent in Cheyenne is $586/mo. In Toledo it is $521/mo.