Rent to own Homes in Cheyenne, WY

Low property taxes! If you decide to buy a home here, you'll like the fact that the property taxes are only $1249 annually. Compare this with the national average of about $1700, and you'll see it's a steal. Check out the real estate in the Horsecreek and Farthing area.

Cheyenne, WY is a great place for affordable rent-to-own homes! With a median household income of over $68,611 and a median rent of $882, the Cheyenne, WY rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Cheyenne, WY. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.

Check out Cheyenne, WY rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
1500 Avenue C LOT 24
Rent To Own
Fox Farm College
Single Family Home
Cheyenne, WY 82007
2
2
0 ft2
1998
1759 NEWTON DR
Rent to Own Eligible
 
Single Family Home
Cheyenne, WY 82001
5
2
1148 ft2
1956
1 of 73 11204 ROAD 203
Rent to Own Eligible
Historic Cheyenne
Single Family Home
Cheyenne, WY 82007
4
2
1896 ft2
1980
1 of 18 1013 E 24TH ST
Rent to Own Eligible
Historic Cheyenne
Single Family Home
Cheyenne, WY 82001
2
2
570 ft2
1937
1 of 4 1412 MCALLISTER LN
Rent to Own Eligible
Ranchettes
Single Family Home
Cheyenne, WY 82009
3
2
1823 ft2
1956
1 of 18 1428 MCALLISTER LN
Rent to Own Eligible
Ranchettes
Single Family Home
Cheyenne, WY 82009
4
3
2597 ft2
1961
1 of 198 844 SHADOW MOUNTAIN TRL
Rent to Own Eligible
Western Hills
Single Family Home
Cheyenne, WY 82009
5
3
1715 ft2
2005
1 of 36 308 W 7TH AVE
Rent to Own Eligible
Moore Haven Heights
Single Family Home
Cheyenne, WY 82001
5
2
2748 ft2
1950
1 of 99 4408 E 17TH ST
Rent to Own Eligible
 
Single Family Home
Cheyenne, WY 82001
4
2
2046 ft2
1968
1 of 2 5257 FISHING BRG
Rent to Own Eligible
 
Townhouse/Condo
Cheyenne, WY 82009
1
1
7912 ft2
1983
5255 FISHING BRG
Rent to Own Eligible
 
Townhouse/Condo
Cheyenne, WY 82009
1
1
7912 ft2
1983
1 of 25 1547 ANDOVER DR
Rent to Own Eligible
 
Single Family Home
Cheyenne, WY 82001
3
2
1263 ft2
1973
1 of 40 233 S ARP AVE
Rent to Own Eligible
 
Single Family Home
Cheyenne, WY 82007
4
2
1221 ft2
1955
1 of 35 1300 HUGUR AVE
Rent to Own Eligible
Historic Cheyenne
Single Family Home
Cheyenne, WY 82001
3
2
999 ft2
1937
1340 JESSI DR
Rent to Own Eligible
The Pointe
Single Family Home
Cheyenne, WY 82009
4
3
2936 ft2
2017
1 of 25 1825 ANDOVER DR
Rent to Own Eligible
 
Single Family Home
Cheyenne, WY 82001
4
2
1301 ft2
1955
1 of 44 205 LONGS PEAK DR
Rent to Own Eligible
 
Single Family Home
Cheyenne, WY 82009
5
3
2188 ft2
1980
1 of 69 2485 TRANQUILITY RD
Rent to Own Eligible
 
Single Family Home
Cheyenne, WY 82009
5
4
2181 ft2
1998
1 of 63 3708 RUSTIC RD
Rent to Own Eligible
Saddle Ridge
Single Family Home
Cheyenne, WY 82001
5
3
1689 ft2
2018
1 of 99 3717 RED FEATHER TRL
Rent to Own Eligible
Saddle Ridge
Single Family Home
Cheyenne, WY 82001
3
2
1488 ft2
2021
1 of 14 4115 RED FEATHER TRL
Rent to Own Eligible
Saddle Ridge
Single Family Home
Cheyenne, WY 82001
3
2
1745 ft2
2022
1 of 17 4729 LINDEN WAY
Rent to Own Eligible
 
Single Family Home
Cheyenne, WY 82009
5
2
888 ft2
1972
1 of 37 4809 VAN BUREN AVE
Rent to Own Eligible
Ranchettes
Single Family Home
Cheyenne, WY 82009
4
2
1457 ft2
2021
1 of 154 5821 CALUMET DR
Rent to Own Eligible
 
Single Family Home
Cheyenne, WY 82001
4
4
1989 ft2
2006
1 of 15 7126 MANHATTAN LN
Rent to Own Eligible
 
Single Family Home
Cheyenne, WY 82009
4
1
936 ft2
1972
1 of 37 825 W DALE BLVD
Rent to Own Eligible
Western Hills
Single Family Home
Cheyenne, WY 82009
6
5
2929 ft2
2010
5112 GRIFFITH AVE
Rent to Own Eligible
 
Single Family Home
Cheyenne, WY 82009
4
2
1736 ft2
1979
1 of 36 5721 BLAZING STAR RD
Rent to Own Eligible
 
Single Family Home
Cheyenne, WY 82009
5
4
1831 ft2
1999
3717 PIONEER AVE
Rent to Own Eligible
Moore Haven Heights
Single Family Home
Cheyenne, WY 82001
3
2
2258 ft2
1950
1 of 36 4519 E 11TH ST
Rent to Own Eligible
Sun Valley
Single Family Home
Cheyenne, WY 82001
5
2
1078 ft2
1964
1983 CHESHIRE DR
Rent to Own Eligible
 
Single Family Home
Cheyenne, WY 82001
3
3
3586 ft2
1986
1 of 229 3221 DEY AVE
Rent to Own Eligible
 
Single Family Home
Cheyenne, WY 82001
4
2
2253 ft2
1940
1214 WENDY LN
Rent to Own Eligible
The Pointe
Single Family Home
Cheyenne, WY 82009
3
2
1807 ft2
2013
6406 DORSEY RD
Rent to Own Eligible
Ranchettes
Single Family Home
Cheyenne, WY 82009
5
3
1585 ft2
2000
311 STINSON AVE
Rent to Own Eligible
 
Single Family Home
Cheyenne, WY 82007
2
1
829 ft2
1955
1 of 69 805 E 6TH ST
Rent to Own Eligible
South Cheyenne
Single Family Home
Cheyenne, WY 82007
2
2
663 ft2
1940
1 of 14 2021 LOGAN AVE
Rent to Own Eligible
 
Single Family Home
Cheyenne, WY 82001
3
2
1046 ft2
1941
5721 PARKSIDE DR
Rent to Own Eligible
 
Single Family Home
Cheyenne, WY 82001
3
3
1611 ft2
2003
1 of 20 3013 FOREST DR
Rent to Own Eligible
Mountview Park
Single Family Home
Cheyenne, WY 82001
3
2
864 ft2
1951
3524 RANDY RD
Rent to Own Eligible
 
Single Family Home
Cheyenne, WY 82001
4
2
1288 ft2
1961
1 of 34 4111 RANGEVIEW DR
Rent to Own Eligible
 
Single Family Home
Cheyenne, WY 82001
3
1
1152 ft2
1981
1 of 18 609 MONROE AVE
Rent to Own Eligible
Sun Valley
Single Family Home
Cheyenne, WY 82001
5
2
912 ft2
1961
1 of 36 626 OAKHURST DR
Rent to Own Eligible
Western Hills
Single Family Home
Cheyenne, WY 82009
5
4
2580 ft2
1989
201 MCCOMB AVE
Rent to Own Eligible
 
Single Family Home
Cheyenne, WY 82007
2
1
759 ft2
1955
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Buying a Home in Cheyenne, WY

Cheyenne, WY is seeing rapid growth and Cheyenne, WY's' housing market remains not optimal with an average home price that is 5% above the 2024 national average. Cheyenne, WY is part of Laramie county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Laramie is 0.66% which is below the national average, which is 0.99%.

Median Home Price in Cheyenne, WY

Median Rent in Cheyenne, WY

Rent to own homes offer low monthly payments and flexible terms.

Top 14 Reasons to Live in Cheyenne, WY

Affordable rent! Whether you choose to rent or rent to own in Cheyenne, you should know that the average rent is about $662 per month. That's about $150 less than the national average. Look for homes near Sunrise Hills Drive and Ridge Road.

Amazing home appreciation! If you are looking for houses for sale or rent to own homes, you will enjoy the appreciation rate of 3.5%, which is about double the national rate. Start your search in Ranchettes or Orchard Valley.

Impressive vacancy rate! The vacancy rate of 6% means homes here are pretty desirable. This is good news when it comes time to sell or rent out your home. Even now, there's some good news, since almost half of those vacant homes are for rent. You will find rentals and rent to own houses near Central Avenue and West 8th Avenue.

Varied housing types! Whether you need to find a large home for sale or prefer to rent a smaller property, you can get what you need here. For example, some of the apartments in Cheyenne include Parkview and Sundance -- renter's make up 35.78% of the market so it's best to jump on any rental quick!

Parks of all sizes! There are tons of community parks in this city, each with some neat features. Holliday Park has space for residents to play horseshoe, basketball, volleyball and tennis. If you don't feel like being athletic for the day, check out Lions Park, where you can go boating or feel free to admire the botanical gardens.

Great shopping! The main place to shop in Cheyenne is Frontier Mall. Here you will find everything from Buckle and Dillard's to GNC and Gamestop.

Golf courses! Whether you're advanced or just a beginner in the sport of golf, you will enjoy working on your swing at Kingham Prairie View Golf Course or Airport Golf Course.

Tons of restaurants to choose from! No matter type of food you feel like eating today, you can likely find it in this city. Some of the most casual places to eat include the Bread Basket, Taco John's and Paramount Cafe. If you need a place for a special night out, head to Steamboat Steakhouse or Tortilla Factory.

Movie theaters! If you're in the mood for a movie, check out Frontier 9 Theater or Capital City Digital Cinemas. If you are on a budget and want to see a movie that was released a few months ago, you can head to Lincoln $ Saver for cheaper tickets.

Indoor activities! Anyone in this city can join the local YMCA, which has fitness equipment and classes for all ages. If you just want a more subtle, fun workout, you can go bowling at 2 Bar Bowling Lanes Restaurant and Lounge. This place also lets you chow down on decent food, sing karaoke and generally just chill with your friends.

Outdoor scenery to admire! Clear Creek Park features a picturesque pond and plenty of room for people to run around. You can also check out Cheyenne Botanic Gardens on Lions Park Drive if you want another scenic view.

The arts! If you're a fan of art, try out the Art Tour, which takes you to various galleries around the city so you can get a close look at artwork and even talk to artists. If you prefer performance art, get a look at the Atlas Theatre, which was built in 1887 and is now on the National Register of Historic Places.

The Wild West! You're in the Wild West now, and you'll know it when you check out Terry Bison Ranch or the Bit-O-Wyo Ranch. You can also get a glimpse of the Big Boy Steam Engine at Holliday Park; the Big Boy is the largest steam locomotive in the world, and there are only eight left in the country.