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Dayton, WY Late Fee Limits 2026

Late fees in Dayton must be reasonable. Charge more and tenants sue to recover — courts void excessive fees regardless of what the lease says.

In Wyoming, late fees must be reasonable and proportional to actual damages from late payment. There is no specific statutory cap, but courts void excessive fees. Grace periods are typically set by the lease.

This applies to properties in Dayton, WY. Check all requirements for your property →

Key Takeaways — Dayton Late Fee Limits

  • Key rule: Must Be Reasonable
  • Violation risk: face a challenge in court

Late Fee Limits in Dayton

Dayton landlords must follow Wyoming state law on late fee limits. Understanding the specific rules, deadlines, and penalties can prevent costly violations.

$1,129

median 2BR rent

Must Be Reasonable

key requirement

Penalty Warning

Violate Wyoming late fee limits rules in Dayton and you could face a challenge in court. At Dayton's median rent of $1,129/month, even a single violation adds up fast.

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Dayton Rental Market Context

Dayton is the 48th-largest city in Wyoming (population 827). With a median 2-bedroom rent of $1,129/month, it falls in the premium range for Wyoming rental costs — 15% above the state median of $980/month.

How Dayton Compares in Sheridan County

Dayton ranks #3 of 4 cities in Sheridan County by population. Because late fee limits rules are often tied to rent amounts, costs vary across the county.

City Population Median Rent Late Fee Limit
Sheridan 19,543 $1,129/mo Reasonable
Ranchester 1,168 $1,129/mo Reasonable
Dayton 827 $1,129/mo Reasonable
Clearmont 123 $1,129/mo Reasonable

Rents based on HUD Fair Market Rents (FY2026) for Sheridan County, Wyoming. All cities follow Wyoming state law unless a local ordinance applies.

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Rents based on HUD Fair Market Rents (FY2026) for Sheridan County.

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Late Fee Limits in Nearby Cities

Own properties in multiple cities? Rules may differ locally:

Ranchester, WY
Pop. 1,168
Sheridan, WY
Pop. 19,543
Clearmont, WY
Pop. 123
Greybull, WY
Pop. 1,709
Buffalo, WY
Pop. 4,621

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How we researched this page: Late fee limits rules are based on Wyoming state statutes. Rent data comes from HUD Fair Market Rents (FY2026) for Sheridan County. Last updated: August 2026.
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Reviewed by Rachid Abadli

Founder & CEO, LeaseBase · Sacramento landlord · Self-managing since 2019

LeaseBase is a property management platform — not a law firm. Consult an attorney for legal advice specific to your situation.