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2025 FMR And Section 8 Rents For Cheyenne WY

Section 8 is a federal program that guarantees monthly rent payments to landlords. The U.S. Department of Housing and Urban Development (HUD) publishes Fair Market Rents, which are 40th percentile averages of local rents, to determine their standard payment amount.

Use our Section 8 rents table to find the best market for Section 8 investment. See Section 8 rents in each zip code of cheyenne, WY.

Typically, the government guarantees 70% of the rent payment, and the tenant pays the remaining 30%. Section 8 tenants typically stay in their units 6-7x longer than regular tenants.

Zip CodeStudio1 Bed2 Bed3 Bed4 Bed
15345$900$1050$1330$1870$2260
15332$790$920$1161$1636$1970
15340$920$1040$1300$1830$2160
15334$790$920$1161$1636$1970
15330$840$980$1240$1750$2100
15346$790$920$1161$1636$1970
15325$787$917$1161$1636$1970
15344$790$920$1161$1636$1970
15331$787$917$1161$1636$1970
15333$850$990$1260$1770$2140
15342$787$917$1161$1636$1970
15341$787$917$1161$1636$1970
15327$790$920$1161$1636$1970
15329$787$917$1161$1636$1970
15337$790$920$1170$1650$1990
15338$830$960$1220$1720$2030

Zip Code:

15345

Studio Rent:

$900

1 Bedroom Rent:

$1050

2 Bedroom Rent:

$1330

3 Bedroom Rent:

$1870

4 Bedroom Rent:

$2260

Zip Code:

15332

Studio Rent:

$790

1 Bedroom Rent:

$920

2 Bedroom Rent:

$1161

3 Bedroom Rent:

$1636

4 Bedroom Rent:

$1970

Zip Code:

15340

Studio Rent:

$920

1 Bedroom Rent:

$1040

2 Bedroom Rent:

$1300

3 Bedroom Rent:

$1830

4 Bedroom Rent:

$2160

Zip Code:

15334

Studio Rent:

$790

1 Bedroom Rent:

$920

2 Bedroom Rent:

$1161

3 Bedroom Rent:

$1636

4 Bedroom Rent:

$1970

Zip Code:

15330

Studio Rent:

$840

1 Bedroom Rent:

$980

2 Bedroom Rent:

$1240

3 Bedroom Rent:

$1750

4 Bedroom Rent:

$2100

Zip Code:

15346

Studio Rent:

$790

1 Bedroom Rent:

$920

2 Bedroom Rent:

$1161

3 Bedroom Rent:

$1636

4 Bedroom Rent:

$1970

Zip Code:

15325

Studio Rent:

$787

1 Bedroom Rent:

$917

2 Bedroom Rent:

$1161

3 Bedroom Rent:

$1636

4 Bedroom Rent:

$1970

Zip Code:

15344

Studio Rent:

$790

1 Bedroom Rent:

$920

2 Bedroom Rent:

$1161

3 Bedroom Rent:

$1636

4 Bedroom Rent:

$1970

Zip Code:

15331

Studio Rent:

$787

1 Bedroom Rent:

$917

2 Bedroom Rent:

$1161

3 Bedroom Rent:

$1636

4 Bedroom Rent:

$1970

Zip Code:

15333

Studio Rent:

$850

1 Bedroom Rent:

$990

2 Bedroom Rent:

$1260

3 Bedroom Rent:

$1770

4 Bedroom Rent:

$2140

Zip Code:

15342

Studio Rent:

$787

1 Bedroom Rent:

$917

2 Bedroom Rent:

$1161

3 Bedroom Rent:

$1636

4 Bedroom Rent:

$1970

Zip Code:

15341

Studio Rent:

$787

1 Bedroom Rent:

$917

2 Bedroom Rent:

$1161

3 Bedroom Rent:

$1636

4 Bedroom Rent:

$1970

Zip Code:

15327

Studio Rent:

$790

1 Bedroom Rent:

$920

2 Bedroom Rent:

$1161

3 Bedroom Rent:

$1636

4 Bedroom Rent:

$1970

Zip Code:

15329

Studio Rent:

$787

1 Bedroom Rent:

$917

2 Bedroom Rent:

$1161

3 Bedroom Rent:

$1636

4 Bedroom Rent:

$1970

Zip Code:

15337

Studio Rent:

$790

1 Bedroom Rent:

$920

2 Bedroom Rent:

$1170

3 Bedroom Rent:

$1650

4 Bedroom Rent:

$1990

Zip Code:

15338

Studio Rent:

$830

1 Bedroom Rent:

$960

2 Bedroom Rent:

$1220

3 Bedroom Rent:

$1720

4 Bedroom Rent:

$2030

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Frequently Asked Section 8 Investing Questions

Fair Market Rent (FMR): HUD sets FMR by bedroom size for each area.

Payment Standard: The local PHA sets this between 90–110% of the FMR. It's the max PHA assistance.

Gross Rent: Contract rent (charged by landlord) + utility allowance (estimated tenant utility costs). Must fit payment standard limits.

Housing Assistance Payment (HAP):

The PHA pays the lower of:

  • Payment standard - Tenant's Total Tenant Payment (TTP).
  • Gross rent - TTP.

Example:

  • Payment standard: $1,500
  • Contract rent: $1,400
  • Utility allowance: $100
  • Tenant's TTP: $400
  • Gross rent: $1,500 ($1,400 + $100).
  • HAP: $1,100 (lower of $1,500 - $400 or $1,500 - $400).

Landlord receives $1,100 (PHA) + $400 (tenant) = $1,500 total.