Laramie, Wyoming Short-Term Rental Market
Laramie, WY STRs averaged $122/night at 53.0% occupancy in April 2026, with an 80.7/100 rental demand score.
Quick Answer: Laramie, Wyoming is an active short-term rental market. average occupancy is 69%. average monthly revenue is $3,143. average daily rate is $178. the top operator is Evolve with 125 listings. market score is 59/100 (grade C).
Market data reflects the Wyoming Area regional market, which includes Laramie. Regulations, taxes, and permit details below are specific to Laramie.
Market Score Breakdown
Five dimensions Apivex evaluates per market.
Market Overview
Laramie is Albany County’s seat and home of the University of Wyoming, with a population of 32,511 residents. The STR market recorded a $122.26 ADR and 53.0% occupancy in April 2026, generating $1,678 in average monthly revenue. Year-over-year, occupancy declined 5.16% and revenue declined 3.74%, while ADR rose 2.35%, reflecting softened occupancy against a modest rate increase.
Entire-place listings account for approximately 92.6% of all inventory, with private rooms at 7.3% and shared rooms negligible (1 listing). One-bedroom configurations are the most common at 34.7% of inventory, followed by two-bedroom (30.6%), three-bedroom (20.7%), four-bedroom (8.9%), and five-bedroom-plus (5.1%). Airbnb is the dominant channel, with 2,064 Airbnb-exclusive listings (58.7% of all inventory) and 1,191 cross-listed on both platforms (33.8%); VRBO-exclusive listings represent 7.5% (264 listings).
Laramie’s STR demand draws from several distinct sources: University of Wyoming athletics, commencement, and event weekends; Wyoming government and business travel; and outdoor recreation tourism tied to Vedauwoo Recreation Area, the Snowy Range Scenic Byway, and Medicine Bow-Routt National Forest. The Wyoming Territorial Prison State Historic Site (which once held Butch Cassidy) and Ames Monument draw heritage travelers.
The rental demand score of 80.67 out of 100 is the market’s strongest score and reflects a consistent multi-source demand base from institutional, business, and outdoor recreation visitors. The total market score is 59.47, investability 65.77, regulation 62.09, seasonality 71.56, and revenue growth 57.92. The 2025 full-year average of 57.65% occupancy at $145 ADR and $2,277/month provides the reliable investment baseline.
Seasonal Patterns
| Month | Occupancy | ADR | Revenue |
|---|---|---|---|
| Jan | 45% | $126 | $1,567 |
| Feb | 53% | $126 | $1,594 |
| Mar | 52% | $117 | $1,598 |
| Apr | 52% | $107 | $1,472 |
| May | 60% | $122 | $1,697 |
| Jun | 66% | $159 | $2,621 |
| Jul | 68% | $178 | $3,088 |
| Aug | 60% | $172 | $2,731 |
| Sep | 56% | $152 | $2,337 |
| Oct | 53% | $124 | $1,892 |
| Nov | 49% | $113 | $1,514 |
| Dec | 49% | $119 | $1,520 |
Top Short-Term Rental Operators in Laramie
Ranked by total active listings. Useful for understanding the competitive landscape.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | Evolve | 125 | 4,967 | ★ 4.81 |
| 2 | Wagon Box Inn Restaurant Cabins | 32 | 220 | ★ 4.73 |
| 3 | Cara Rohde | 27 | 7,014 | ★ 4.70 |
| 4 | Leavetown | 20 | 8 | ★ 4.20 |
| 5 | Cindy Hill | 20 | 125 | ★ 4.92 |
What Kind of STR Should I Buy in Laramie?
Revenue and pricing by property type, tier, and bedroom count.
Revenue by Bedroom Count
| 1 bed | 1,221 |
| 2 bed | 1,077 |
| 3 bed | 728 |
| 4 bed | 313 |
| 5 bed | 178 |
ADR by Property Tier
| Entire Home | $184 |
| Luxury | $322 |
| Professionally Managed | $232 |
Revenue by Dwelling Type
| Apartment | $2,354 |
| Entire Place | $3,250 |
| House | $3,511 |
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 58.7% |
| vrbo | 7.5% |
| both | 33.8% |
Investment Analysis
At the April 2026 snapshot (spring shoulder month), Laramie STRs generate an average of $1,678/month. Using the 2025 full-year average of $2,277/month as the sustainable baseline, annualized gross revenue per listing projects to approximately $27,324. Housing market price data for Laramie is not available in the current dataset, so a gross yield calculation cannot be computed.
Tier analysis shows moderate premium potential above the market average. The luxury tier averages $251/night, 2.05x the all-listings average of $122. The professionally managed tier averages $137/night, 12% above the market mean. Entire homes average $126/night, 3% above the market average. The narrow PM-to-market spread reflects a budget-oriented university market where listing management brand provides limited rate differentiation.
Revenue trend shows consistent long-term growth in ADR: from $115 in 2018 to $145 in 2025, a 26% gain. Revenue grew from $1,405/month in 2018 to $2,277 in 2025, a 62% increase, driven by ADR appreciation and occupancy gains from the post-2019 baseline. Since the 2021 occupancy peak (61.5%), occupancy has stabilized near 57-58% while ADR continues to edge higher. This pattern, common in institutional-demand markets, indicates predictable mid-level revenue growth without sharp cyclical swings.
Wyoming’s STR regulatory environment adds to Laramie’s investment appeal: a $20/year city business license is the sole permit cost, there is no rental night cap, no owner-occupancy requirement, and no dedicated STR ordinance as of mid-2026. Investors should monitor the Laramie City Council’s ongoing review of potential dedicated STR regulations.
Revenue Trend (5 yr)
ADR & Occupancy Trends (5 yr)
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Booking Insights
Laramie STRs show an average booking lead time of 30.2 days (approximately 4 weeks) and an average length of stay of 4.83 nights as of April 2026.
The 30-day lead window reflects a blend of business and institutional travelers who book 2-4 weeks before arrival, university event visitors who book on shorter horizons around game days and graduation, and outdoor recreation visitors who plan a few weeks ahead for mountain access. This is a shorter lead time than resort markets, suggesting that last-minute dynamic pricing adjustments carry more revenue impact in Laramie than early rate locks.
The 4.83-night average stay is one of the longer lengths in this batch, consistent with extended business stays, visiting researchers, athletic recruiting trips, and multi-day outdoor recreation itineraries. At 4.83 nights, turnovers run approximately 6-7 times per month, lower than shorter-stay leisure markets, which reduces cleaning and restocking costs per occupied night.
For revenue management, University of Wyoming event weekends (football season August through November, commencement in May, and significant athletic events) represent bookable rate premiums above the seasonal baseline. Operators with properties within walking or biking distance of the campus can test premium pricing on those specific weekends, independent of the broader monthly average patterns shown in the seasonal data.
Short-Term Rental Regulations
Short-term rentals are legal and minimally regulated in Laramie, with no dedicated STR ordinance in effect as of mid-2026. Operators must obtain a city business or rental housing license through the Laramie City Clerk’s Office at a cost of $20/year (or $40 for a two-year registration) per dwelling unit. Laramie defines STRs as stays under 30 consecutive days, and such transient lodging is exempt from the habitability provisions of the city’s Rental Housing Code (Enrolled Ordinance No. 1802, effective 2022), but is still subject to licensing, residential zoning, and noise and nuisance ordinances.
There is no cap on rental nights per year. No owner-occupancy or primary-residence requirement applies. STRs must operate in zones that permit residential rental use; no dedicated STR overlay exists. Operators should verify zoning eligibility with the Laramie Planning Division (307-721-5271) before operating.
On taxes, two layers apply to short-term stays. The Wyoming lodging-specific tax is 7% (5% state + 2% Albany County). The general sales tax of 6% (4% state + 2% county) also applies to lodging stays, bringing the total combined tax burden on a stay to approximately 13%. Operators are responsible for collecting and remitting both taxes.
Enforcement is currently minimal, but the Laramie City Council has publicly discussed studying potential dedicated STR regulations. Investors should monitor for ordinance changes, particularly any registration, neighbor-notification, or inspection requirements that may be adopted. Note: a 2026 online source claimed new $150 or $300 annual STR license tiers; this figure was not corroborated by official city sources and appears unreliable. Confirm current license fees directly with the Laramie City Clerk’s Office.
Market Comparison
Laramie’s April 2026 ADR of $122 is approximately 45% below the U.S. STR median ADR of roughly $220. Occupancy at 53.0% is just below the national median of approximately 55%. These metrics place Laramie in the budget-utility market tier, where demand is institutional and consistent rather than peak-leisure driven.
The management landscape is anchored by Evolve, which leads with 125 listings and 4,967 reviews at a strong 4.81 average rating. Wagon Box Inn Restaurant and Cabins manages 32 listings (4.73 rating, 220 reviews), representing a locally rooted hospitality operator that also lists on Airbnb. Cara Rohde operates 27 listings with an exceptional 7,014 reviews and a 4.70 rating, a review-per-listing density of approximately 260, indicating a long-tenured, highly active operation. Leavetown holds 20 listings (4.20 rating, 8 reviews) and Cindy Hill rounds out the top five with 20 listings (4.92 rating, 125 reviews).
Evolve’s 125 listings and 4,967 reviews represent the largest managed portfolio. Cara Rohde’s 7,014 reviews on just 27 properties is the most striking signal in the top-five, reflecting a high-volume booking history that substantially outpaces total listing count and suggests a well-established operator with strong repeat or referral demand.
The rental demand score of 80.67 is Laramie’s strongest competitive signal. In a market where ADR is modest, consistent occupancy of 57-58% and a diversified institutional demand base provide stable, if not high-yield, revenue. The investability score of 65.77 reflects favorable regulatory simplicity but is tempered by the market’s lower revenue ceiling compared with higher-ADR destination markets.
Frequently Asked Questions About Laramie, Wyoming
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