Salt Lake City, UT Rental Market Trends
What is the average rent in Salt Lake City?
The average rent for an apartment in Salt Lake City is $1,562. The cost of rent varies depending on several factors, including location, size, and quality.
Average Rent in Salt Lake City, UT
| Average Rent | Average Apartment Size |
|---|---|
| $1,562 | 835 sq. ft. |
What is the average apartment size in Salt Lake City?
The average size for a Salt Lake City, UT apartment is 835 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Salt Lake City, UT Apartment Rent Ranges
Salt Lake City, UT Occupied Housing Units
41,572 or 50% of the households in Salt Lake City, UT are renter-occupied while 40,116 or 49% are owner-occupied.
Salt Lake City, UT Rent Trends
| Average Rent | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 | Nov / 2021 | Feb / 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Salt Lake City, UT | $1,198 | $1,200 | $1,235 | $1,253 | $1,244 | $1,239 | $1,258 | $1,272 | $1,376 | $1,478 | $1,562 |
| National | $1,362 | $1,367 | $1,399 | $1,407 | $1,409 | $1,399 | $1,403 | $1,412 | $1,495 | $1,591 | $1,628 |
Average Rent in Salt Lake City, UT By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Sugar House | $1,759 |
| East Bench | $1,691 |
| Capitol Hill | $1,664 |
| The Avenues | $1,655 |
| Central City | $1,588 |
| Downtown Salt Lake City | $1,561 |
| Liberty Wells | $1,552 |
| Ballpark | $1,543 |
| Holladay | $1,539 |
| Cottonwood Heights | $1,515 |
| South Salt Lake | $1,474 |
| Murray | $1,412 |
| Taylorsville | $1,394 |
| Yalecrest | $1,392 |
| Glendale | $1,379 |
| Poplar Grove | $1,364 |
| Jordan Meadows | $1,357 |
| Rose Park | $1,357 |
| Westpointe | $1,357 |
| Foothills Sunnyside | $1,059 |
| University Of Utah | $1,059 |
What are the most affordable neighborhoods in Salt Lake City?
The most affordable neighborhoods in Salt Lake City are Foothills Sunnyside, where the average rent goes for $1,059/month, University Of Utah, where renters pay $1,059/mo on average, and Jordan Meadows, where the average rent goes for $1,357/mo. If you’re looking for other great deals, check out the listings from Rose Park ($1,357), Westpointe ($1,357), and Poplar Grove ($1,364), where the asking prices are below the average Salt Lake City rent of $1,562/mo.
What are the most expensive neighborhoods in Salt Lake City?
The most expensive neighborhoods in Salt Lake City are Capitol Hill ($1,664), East Bench ($1,691) and Sugar House ($1,759).
What are the most popular neighborhoods in Salt Lake City?
The most popular neighborhood in Salt Lake City is Downtown Salt Lake City, where there are 13 verified RentCafe listings with an average rent of $1,561. Next up is Central City, where apartments go for $1,588/month, followed by Murray with $1,412 If you’re looking to rent in Salt Lake City’s most popular neighborhoods, make sure to also check out South Salt Lake, where renters pay $1,474 on average, and Sugar House, where the average monthly rent is $1,759.
Salt Lake City | Rent Comparison by Neighborhood
Rent in Ballpark is 7% lower than in Capitol Hill
Ballpark rent is 1% lower than Salt Lake City average
| Average Rent | $1,543 |
|---|
Capitol Hill rent is 7% higher than Salt Lake City average
| Average Rent | $1,664 |
|---|
How Salt Lake City Compares to Other Cities
| City | Average Rent |
|---|---|
| Salt Lake City | $1,562 |
| West Jordan | $1,586 |
| Ogden | $1,148 |
| Midvale | $1,467 |
| West Valley City | $1,528 |
| Sandy | $1,606 |
| Logan | $1,615 |
| Provo | $1,554 |
| Murray | $1,412 |
| Draper | $1,589 |
| Layton | $1,366 |
| Orem | $1,541 |
| Clearfield | $1,356 |
| Herriman | $1,712 |
| South Salt Lake | $1,474 |
| Taylorsville | $1,394 |
| South Jordan | $1,667 |
| West Haven | $1,356 |
| Pleasant Grove | $1,460 |
| Riverton | $1,703 |
| American Fork | $1,625 |
Most Popular Apartments in Salt Lake City
The Grove
1153 North Redwood Road, Salt Lake City, UT 84116- 1 BED
- 2 BEDS
- 3 BEDS
- Ask for pricing
- $1,469+
- $1,797+
Downtown 360
360 S 400 W, Salt Lake City, UT 84101- Studio
- 1 BED
- 2 BEDS
- Ask for pricing
- $1,459+
- $1,904+