While much of the United States grapples with rising rental costs, Wyoming is among a handful of states forecasted to see a decline in median rents in 2025, according to a recent analysis by Construction Coverage, Wyoming News Now reports.
Nationwide, housing remains a challenge as rents continue to climb, albeit at a slower pace than during the pandemic-era spike. From 2024 to 2025, the national median rent is projected to increase by 4.8%, rising from $1,780 to $1,865. Factors such as a long-standing housing shortage and competitive rental markets contribute to the sustained upward pressure on rents.
Certain regions, including Montana and Idaho, are experiencing particularly sharp rent increases, with projected growth of over 20%, far outpacing the national average.
In contrast to the national trend, Wyoming is poised to see a notable decrease in rental costs. The median rent in the state is expected to drop by 4.1%, from $1,277 in 2024 to $1,225 in 2025. This decline amounts to an average savings of $52 per month for renters.
Wyoming’s drop in rents makes it one of the few states where housing costs are projected to ease. Rhode Island and South Dakota also expect decreases, highlighting disparities in how housing trends impact various regions.
Despite Wyoming’s promising outlook for renters, the overall US housing market remains challenging. Rental vacancy rates are near historic lows, and smaller rental units, such as studio and one-bedroom apartments, are expected to see the largest price increases.
