Apartments for Rent in Salt Lake City, UT under $1400
158 Rentals Available
Salt Lake City’s average rent reached $1,278 in April
Salt Lake City’s average rent reached $1,278 in April, after a 2.7% increase since last year. A major Utah job hub with a 48% renter share, Salt Lake City is a desirable place to live and work in, with apartment prices below the national average of $1,417. [View Full Report]
Salt Lake City’s average rent was $1,278 in April
Salt Lake City’s average rent reached $1,278 in April, after a 2.7% increase since last year. A major Utah job hub with a 48% renter share, Salt Lake City is a desirable place to live and work in, with apartment prices below the national average of $1,417.
The average rent for an apartment in Salt Lake City rose slower than in other surrounding cities, such as West Jordan ($1,258), where prices went up by 5.7%. Meanwhile, apartment rates in West Valley City increased by 7.5%, reaching a $1,221 average.
What it costs to rent in the largest renter hubs in the Salt Lake City area
Provo ties with Midvale as the largest renter hubs in the Salt Lake City area, with a 57% share of tenants. Provo has a $1,461 average rent (up by 5% since last year), while Midvale apartments go for $1,168 on average, after a 2.8% increase.
Salt Lake City comes in third, followed by Clearfield (42% renters), where rental prices circle around $1,135, after a 7.6% yearly increase. Last but not least, Ogden's 39% share of renters places it fifth among the area’s renter hubs. The city’s average rent reached $994 in April, going up by 3.8% in the past year.
The priciest and cheapest cities for renters in the Salt Lake City area
Provo is the priciest city for renters in the Salt Lake City area, with apartments renting for $1,461 per month. South Jordan’s $1,400 rate is the second most expensive, while apartments in Herriman ($1,395) come in third.
For renters in search of budget-friendly apartments, Ogden's $994 average rent is the cheapest in the Salt Lake City area, followed by Taylorsville's $1,054 rate. Clearfield rentals are the third least pricey on the list, with a $1,135 average rent as of April.
Salt Lake City apartment rents in popular ZIP codes for renters
Among Salt Lake City's most popular renter ZIP codes, 84116 has a $1,088 average rent, below the city average ($1,278). At the same time, rentals in ZIP 84107 go for $1,115, while prices in ZIP 84123 circle around $1,068. Apartment rents in ZIP 84111 clock in at around $1,462, higher than the Salt Lake City average, while rates in ZIP 84103 average at $1,714.
Check out how average rents evolved across the Salt Lake City area
RENTCafe.com is a nationwide apartment search website that enables renters to easily find apartments and houses for rent throughout the United States.
The data on average rents included in our reports comes directly from competitively-rented (market-rate) large-scale multifamily properties (50+ units in size), via telephone survey. The data is compiled and reported by our sister company Yardi Matrix, a business development and asset management tool for brokers, sponsors, banks and equity sources underwriting investments in the multifamily, office, industrial and self-storage sectors. Fully-affordable properties are not included in the survey and are not reported in rental rate averages. Local rent reports include only cities with a statistically-relevant stock of large-scale multifamily properties of 50+ units.
Salt Lake City, UT Demographics
- Total Population197,756
Female 100,748Male 97,008
- Median Age32.3
Average Rent in Salt Lake City, UT
- Salt Lake City, UT Average Rental Price, August 2021 $1,394 /mo
Salt Lake City, UT Apartment Rent Ranges
Salt Lake City, UT Rent Trends
|Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Mar / 2020||Jul / 2020||Nov / 2020||Mar / 2021||Jul / 2021||Aug / 2021|
Salt Lake City, UT Households
- Total Number of Households79,264
Family 39,934Non-family 39,330
Children 19,062No Children 60,202
- Average People Per Household2.42
- Median Household Income$60,676
- Median Housing Costs Per Month$1,078
Salt Lake City, UT Education Statistics