Rentometer, Inc. | Data as of 10/23/2025
Located in the foothills of the Bighorn Mountains, Sheridan offers a blend of western heritage and modern convenience that makes it a desirable destination for renters. The city’s historic downtown features preserved brick facades, eclectic boutiques, and a vibrant dining scene centered around Main Street, while nearby attractions such as the Sheridan County Museum and the beautiful Wyomanite Lake provide cultural and recreational opportunities year‑round. With easy access to outdoor pursuits like hiking, skiing, and fishing, the area appeals to active professionals and families seeking a balanced lifestyle.
The rental market in Sheridan reflects this diverse appeal, offering a mix of single‑family homes and contemporary apartment communities. One‑bedroom apartments are particularly popular, with average rents hovering in the $1000s and median rates around the $900 mark, making them competitively priced for both newcomers and long‑time residents. Higher‑end housing options are available in neighborhoods such as The Junction and North Sheridan, where newer developments provide modern amenities and convenient proximity to schools, parks, and shopping centers.
Renters also appreciate the strong sense of community that permeates the city’s neighborhoods, from the family‑friendly atmosphere of the Broadmoor area to the historic charm of the downtown district. With reliable public transportation, well‑maintained roadways, and a thriving local economy anchored by healthcare, education, and tourism, Sheridan continues to attract a steady flow of renters looking for quality housing in a welcoming, scenic environment.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,000 | $900 | $900 - $1,200 | $900 - $1,200 |
In the current period, the average rent in Sheridan was
$1,000 for 1 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.