Wyoming, known as the "Equality State," is a true gem of the western United States. From its stunning landscapes and natural beauty to its rich cultural heritage and thriving economy, Wyoming offers something for everyone. If you're a history buff, you'll love exploring the state's renowned institutions, such as the Wyoming State Museum and the Buffalo Bill Center of the West, where you can learn about Wyoming's past and its unique contributions to the nation's history. If you're looking for higher education, Wyoming offers top universities such as the University of Wyoming, Wyoming Catholic College, and Casper College.

There's no shortage of outdoor recreation opportunities, from skiing and snowboarding at the world-famous Jackson Hole resort to hiking, fishing, and camping in its many state parks and forests. And don't forget famous attractions like the Grand Teton National Park, Yellowstone National Park, the Devil's Tower National Monument, and the historic town of Cody.

Whether you're an outdoor enthusiast, a sports fan, or just looking to experience the unique western lifestyle, Wyoming is the perfect place to call home.

Rental Market Trends

Sheridan, WY

As of August 2025, Sheridan's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Sheridan's average rent is 12.9% ($141) higher than the Wyoming average of $1,091 and 31.2% ($558) lower than the U.S. average of $1,790.

Average Rent

$1,232

Monthly ChangeMonth Over Month Change

1.2% ($15)

Yearly ChangeYear Over Year Change

7.6% ($101)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$865	2.8% ($25)	26.7% ($315)
2 Beds	$1,033	37.6% ($622)	25.9% ($362)
3 Beds	$1,417	35.1% ($765)	26.4% ($507)

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Sheridan Rental Market FAQs

Explore rental prices, market trends, and availability in Sheridan, WY.

What is the average rent in Sheridan, WY?

The average rent in Sheridan, WY is $1,232 per month.

What is the rental price range for homes in Sheridan, WY?

Homes in Sheridan typically rent for between $606 and $1,842 per month, with an average of $1,232 per month.

What is the average rent for different bedroom sizes in Sheridan, WY?

In Sheridan, the average rent for a 1-bedroom home is $865 per month, for a 2-bedroom home, $1,033 per month, and a 3-bedroom home is $1,417 per month.

How do rent prices in Sheridan, WY compare with the national average?

The average rent in Sheridan is 31.2% ($558) lower than the national average of $1,790 per month.

How have rent prices in Sheridan, WY changed recently?

The average rent in Sheridan has increased by 1.2% ($15) in the last month and decreased by 7.6% ($101) over the past year.

How competitive is the rental market in Sheridan, WY?

The rental market in Sheridan, WY, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Sheridan, WY?

In Sheridan, WY, the average rental stays on the market for approximately 39 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Sheridan, WY?

There are currently 8 rental properties available in Sheridan, WY.

Can I afford to rent a home in Sheridan, WY?

Based on the current averages, a household would need an annual income of $41,320 to comfortably afford a 2-bedroom home in Sheridan.