Best Places to Buy Rental Property in Wyoming (2026)
Four covered Wyoming markets compared on asking rental yield, 3.6 percent to 5.1 percent, using tracked home sales and rental listings; coverage explained below.
Resideline currently has enough sales and rental data to compare Sheridan, Cheyenne, Casper and Laramie. This is a comparison of four covered markets, not a comprehensive ranking of Wyoming. Gross asking rental yields run from 3.6 percent in Laramie to 5.1 percent in Sheridan. The rental mix matters. In Cheyenne the house median asking rent is $2,149 against $1,600 for all listings. That gap belongs in a house-to-house comparison, house rent against house sale prices, not on top of the mixed-sale ratio in the table.
The ranking
City by city
1. Sheridan, 5.1 percent gross
At $393,450 to buy and $1,675 a month to rent, Sheridan yields 5.1 percent gross on 187 tracked closings. The Sheridan market page carries the monthly figures.
2. Cheyenne, 5.1 percent gross
Homes in Cheyenne went under contract in a median of 10 days, so a buyer chasing its 5.1 percent yield needs financing ready before the search. The numbers: $380,000 median closed price across 708 closings, $1,600 median asking rent across 1,041 listings, 5.1 percent gross. Houses there closed at about $184 per square foot. The Cheyenne market page carries the monthly figures.
3. Casper, 4.7 percent gross
Homes in Casper closed at a median of $332,500 over the last six months and the median asking rent in the last twelve months was $1,300, a gross yield of 4.7 percent. The Casper market page carries the monthly figures.
4. Laramie, 3.6 percent gross
Laramie's rental sample is 63 percent apartments and condos while its sales are mostly houses, so the $1,200 asking median understates what a house rents for there: houses asked $1,872. At $399,000 to buy and $1,200 a month to rent, Laramie yields 3.6 percent gross on 236 tracked closings. Houses there closed at about $208 per square foot. See the Laramie page for the property mix and the price band.
How this ranking is built
- •Cities: every Wyoming city where Resideline tracked at least 100 closings inside the municipal boundary in its reporting window (six or twelve months) and at least 50 rental listings under the city's name since September 10, 2025: 4 cities qualify.
- •Prices: the median price homes closed at inside the city limits, from Resideline's tracked closings; the state comparison uses the statewide median of $410,000 across 2,170 closings.
- •Rents: the median advertised rent on rental listings Resideline tracked in the last twelve months, all property types, measured on the listings that carry the city's name (a postal footprint, wider than the city line in some places).
- •Confirmed-close medians: Observed rent blends two kinds of record: confirmed lease closes extracted from property records, and the final asking rent on listings that left Resideline tracking without a recorded close. Where a city has at least 30 confirmed closes in the window, their median is printed beside the asking figure; in the last twelve months about a quarter of Resideline's close episodes are confirmed closes. The asking and confirmed-close samples are separate, not paired, so a difference between their medians is not a measured gap on the same listings.
- •What is missing: taxes, insurance, vacancy, management and repairs, which turn a gross yield into a net one, and the unit mix, which differs between what sells and what rents.
Sources and related pages
- •Resideline tracked closings inside city limits (window per city, updated September 10, 2026) and rental listings since September 10, 2025; confirmed lease closes extracted from property records.
- •More Wyoming rankings: The Wyoming housing market hub carries the statewide figures and the largest Wyoming markets by closings.
- •Asking rent vs observed rent compares live asking rents with final asking rents under that study's own definition; it says nothing about confirmed lease closes.
Frequently Asked Questions
Which Wyoming city has the highest asking rental yield?
Sheridan, at 5.1 percent: a median asking rent of $1,675 against a median closed price of $393,450, on 187 closings and 143 rental listings. Rents and sales are separate samples, so the ratio is a screen rather than a guaranteed return on a given home.
Does the cheapest Wyoming city also have the highest asking rental yield?
No. Casper is the cheapest at $332,500 but ranks third on the ratio; Sheridan leads because its asking rent is high relative to its price. The ratio is a screen, not a matched property yield.
Are these asking rents or confirmed lease closes?
The yield column uses the median asking rent on tracked listings. Where a city has at least 30 confirmed lease closes in the window, the table also shows their median, so you can see how far asking sits from closes there. Resideline's close records blend confirmed closes with final asking rents on listings that left tracking, and about a quarter of the last twelve months are confirmed closes.
How many Wyoming cities qualify?
Four, each with at least 100 tracked closings inside the city limits and 50 rental listings in the last twelve months.
About the author
Jeffrey Batista
Jeffrey Batista is the founder of Resideline, a real estate technology company building institutional grade valuation and investment analysis tools for real estate investors.
A software engineer with more than 10 years of experience, Jeffrey has worked across full stack development, infrastructure, data engineering, machine learning, and large scale systems. He left his engineering career to build Resideline full time.
Jeffrey is also a real estate investor with nearly a decade of hands on experience buying, renovating, managing, and analyzing residential properties. His experience on both sides of the industry, as an engineer and an investor, led him to build Resideline after seeing how fragmented and outdated many of the tools available to individual investors were.
Today, he leads the development of Resideline's proprietary data infrastructure, automated valuation models, rental analytics, and investment underwriting technology.
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