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 $1,272, a 2% increase compared to the previous year. Read the full Rent Report to learn more details on how apartment rents compare to other locations in the area, and what are the most affordable or most expensive cities for renting around Salt Lake City, UT.
Average Rent in Salt Lake City, UT
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,272 | 2% | 836 sq. ft. |
What is the average apartment size in Salt Lake City?
The average size for a Salt Lake City, UT apartment is 836 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
- $701-$1,00022%
- $1,001-$1,50058%
- $1,501-$2,00015%
- > $2,0005%
Salt Lake City, UT Occupied Housing Units
- Renter-occupied Households49%
- Owner-occupied Households50%
39,330 or 49% of the households in Salt Lake City, UT are renter-occupied while 39,934 or 50% are owner-occupied.
Salt Lake City, UT Rent Trends
| Average Rent | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Salt Lake City, UT | $1,117 | $1,112 | $1,160 | $1,198 | $1,200 | $1,235 | $1,253 | $1,244 | $1,239 | $1,258 | $1,272 |
| National | $1,315 | $1,346 | $1,355 | $1,359 | $1,356 | $1,391 | $1,398 | $1,400 | $1,390 | $1,395 | $1,407 |
Average Rent in Salt Lake City, UT By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Sugar House | $1,412 |
| Central City | $1,401 |
| Capitol Hill | $1,350 |
| East Bench | $1,347 |
| The Avenues | $1,346 |
| Downtown Salt Lake City | $1,345 |
| Liberty Wells | $1,338 |
| Ballpark | $1,295 |
| Cottonwood Heights | $1,283 |
| Holladay | $1,266 |
| Yalecrest | $1,252 |
| South Salt Lake | $1,168 |
| Murray | $1,146 |
| Glendale | $1,124 |
| Taylorsville | $1,099 |
| Poplar Grove | $1,091 |
| Jordan Meadows | $1,077 |
| Rose Park | $1,077 |
| Westpointe | $1,077 |
| Foothills Sunnyside | $1,047 |
| University Of Utah | $1,047 |
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 $1,047/month, University Of Utah, where renters pay $1,047/mo on average, and Jordan Meadows, where the average rent goes for $1,077/mo. If you’re looking for other great deals, check out the listings from Rose Park ($1,077), Westpointe ($1,077), and Poplar Grove ($1,091), where the asking prices are below the average Salt Lake City rent of $1,272/mo.
What are the most expensive neighborhoods in Salt Lake City?
The most expensive neighborhoods in Salt Lake City are Capitol Hill ($1,350), Central City ($1,401) and Sugar House ($1,412).
What are the most popular neighborhoods in Salt Lake City?
The most popular neighborhood in Salt Lake City is Central City, where there are 6 verified RENTCafé listings with an average rent of $1,401. Next up is Downtown Salt Lake City, where apartments go for $1,345/month, followed by Murray with $1,146 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 $1,168 on average, and Sugar House, where the average monthly rent is $1,412.
Salt Lake City | Rent Comparison by Neighborhood
Rent in Ballpark is 4% lower than in Capitol Hill
Ballpark rent is 2% higher than Salt Lake City average
| Average Rent | $1,295 |
|---|
Capitol Hill rent is 6% higher than Salt Lake City average
| Average Rent | $1,350 |
|---|
How Salt Lake City Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Salt Lake City | $1,272 | 2% |
| Midvale | $1,148 | 1% |
| Provo | $1,459 | 7% |
| Sandy | $1,345 | 3% |
| Draper | $1,345 | 4% |
| Ogden | $1,142 | 8% |
| West Jordan | $1,239 | 4% |
| Murray | $1,146 | 3% |
| South Salt Lake | $1,168 | 3% |
| Orem | $1,294 | 4% |
| West Valley City | $1,203 | 5% |