FY2026 Fair Market Rents — Laramie County
Studio
$809
1BR
$917
2BR
$1,174
3BR
$1,633
4BR
$1,969
Laramie County, Wyoming
FIPS 56021 · County-level FMR and income limit data
FMR Area: Cheyenne, WY MSA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $809 | $9,708 |
| 1-Bedroom | $917 | $11,004 |
| 2-Bedroom | $1,174 | $14,088 |
| 3-Bedroom | $1,633 | $19,596 |
| 4-Bedroom | $1,969 | $23,628 |
To afford the FY2026 2-bedroom FMR of $1,174/mo under the 30%-of-income rule, a household needs about
$46,960/yr ($3,913/mo). Area Median Income is $104,400.
At WY's federal minimum wage of $7.25/hr, a worker would need to work 125 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $809 | $917 | $1,174 | $1,633 | $1,969 |
| FY2025 | $782 | $903 | $1,141 | $1,599 | $1,916 |
| FY2024 | $787 | $917 | $1,161 | $1,636 | $1,970 |
| FY2023 | $660 | $757 | $947 | $1,346 | $1,613 |
| FY2022 | $670 | $699 | $890 | $1,264 | $1,523 |
| FY2021 | $692 | $696 | $887 | $1,269 | $1,536 |
| FY2020 | $717 | $721 | $950 | $1,367 | $1,668 |
FY2026 Income Limits
Area Median Income: $104,400
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $21,950 | $25,050 | $28,200 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $36,550 | $41,800 | $47,000 | $52,200 | $56,400 | $60,600 |
| 80% AMI | $58,450 | $66,800 | $75,150 | $83,500 | $90,200 | $96,900 |