Downtown Salt Lake City, Salt Lake City, UT Rental Market Trends
Last updated: November 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Downtown Salt Lake City is $1,681, a 1.5% decrease compared to the previous year, when the average rent was $1,707.
Studio Apartments at $1,211 offer the most budget-friendly option with 406 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 660 square feet for $1,570, balancing privacy and affordability.
Two-beedroom units at $2,214 offer 1,044 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,262 sq ft) for $2,801, suitable for larger households.
Average rent in Downtown Salt Lake City, Salt Lake City, UT
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,681 | 723 sq. ft. |
| Studio | $1,211 | 406 sq. ft. |
| 1 Bed | $1,570 | 660 sq. ft. |
| 2 Beds | $2,214 | 1,044 sq. ft. |
| 3 Beds | $2,801 | 1,262 sq. ft. |
Downtown Salt Lake City, Salt Lake City, UT rent trends
Rental prices in Downtown Salt Lake City, Salt Lake City, UT have decreased by 1.5% over the past year. The average rent moved from $1,707 to $1,681.
What's the typical rent budget in Downtown Salt Lake City, Salt Lake City, UT?
The largest share of rentals in Downtown Salt Lake City, Salt Lake City, UT (39%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Downtown Salt Lake City, Salt Lake City, UT?
3,570 or 76% of the households in Downtown Salt Lake City, Salt Lake City, UT are renter-occupied while 1,127 or 24% are owner-occupied.
Most affordable neighborhoods in Downtown Salt Lake City?
Ballpark $1,247/month
Taylorsville $1,321/month
Rose Park $1,332/month
All of these neighborhoods fall below the city wide average of $1,586/month.Most expensive neighborhoods in Downtown Salt Lake City?
Central City $1,864/month
Capitol Hill $1,899/month
Sugar House $1,945/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Salt Lake City, UT By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Sugar House | $1,945 |
| Capitol Hill | $1,899 |
| Central City | $1,864 |
| Holladay | $1,853 |
| The Avenues | $1,823 |
| Downtown Salt Lake City | $1,681 |
| Cottonwood Heights | $1,596 |
| South Salt Lake | $1,559 |
| Glendale | $1,481 |
| Murray | $1,469 |
| Rose Park | $1,332 |
| Taylorsville | $1,321 |
| Ballpark | $1,247 |
Salt Lake City | Rent Comparison by Neighborhood
Rent in Downtown Salt Lake City is 35% higher than in Ballpark
Downtown Salt Lake City rent is the same as Salt Lake City average
Ballpark rent is 26% lower than Salt Lake City average
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Downtown Salt Lake City apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.