Millcreek, Salt Lake County, UT Rental Market Trends

Highlights

The average rent for an apartment in Millcreek is $1,295, a 8% increase compared to the previous year, when the average rent was $1,198.

Average Rent in Millcreek, Salt Lake County, UT

Last updated November 2019

Average Rent	Y-o-Y Change	Average Apartment Size
$1,295	8%	931 sq. ft.

The average size for a Millcreek, Salt Lake County, UT apartment is 931 square feet, but this number varies greatly depending on apartment type. 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.

Millcreek, Salt Lake County, UT Apartment Rent Ranges

$701-$1,00021%
$1,001-$1,50057%
$1,501-$2,00021%
> $2,0001%

Millcreek, Salt Lake County, UT Occupied Housing Units

Renter-occupied Households39%
Owner-occupied Households60%

9,262 or 39% of the households in Millcreek, Salt Lake County, UT are renter-occupied while 14,424 or 60% are owner-occupied.

Millcreek, Salt Lake County, UT Rent Trends

Average Rent	Jul / 2016	Nov / 2016	Mar / 2017	Jul / 2017	Nov / 2017	Mar / 2018	Jul / 2018	Nov / 2018	Mar / 2019	Nov / 2019
Millcreek, Salt Lake County, UT	$1,147	$1,162	$1,174	$1,224	$1,217	$1,198	$1,198	$1,253	$1,271	$1,295
National	$1,342	$1,350	$1,346	$1,378	$1,380	$1,383	$1,418	$1,427	$1,431	$1,466

Average Rent in Millcreek, Salt Lake County, UT By Neighborhood

Neighborhood	Average Rent
University Of Utah	$1,026
Foothills Sunnyside	$1,026
Taylorsville	$1,059
Westpointe	$1,064
Rose Park	$1,064
Jordan Meadows	$1,064
Poplar Grove	$1,069
Glendale	$1,081
Murray	$1,102
South Salt Lake	$1,108
Holladay	$1,233
Yalecrest	$1,235
Cottonwood Heights	$1,236
Ballpark	$1,262
Liberty Wells	$1,277
East Bench	$1,279
Downtown Salt Lake City	$1,319
The Avenues	$1,323
Capitol Hill	$1,328
Sugar House	$1,359
Central City	$1,375

The most affordable neighborhoods in Millcreek are Foothills Sunnyside, where the average rent goes for $1,026/month, University Of Utah, where renters pay $1,026/mo on average, and Taylorsville, where the average rent goes for $1,059/mo. If you’re looking for other great deals, check out the listings from Jordan Meadows ($1,064), Rose Park ($1,064), and Westpointe ($1,064), where the asking prices are below the average Millcreek rent of $1,295/mo.

The most expensive neighborhoods in Millcreek are Capitol Hill ($1,328), Sugar House ($1,359) and Central City ($1,375).

Millcreek | Rent Comparison by Neighborhood

Rent in Ballpark is 5% lower than in Capitol Hill

$1,262

Ballpark rent is 3% lower than Millcreek average

Average Rent	$1,262

$1,328

Capitol Hill rent is 3% higher than Millcreek average

Average Rent	$1,328

How Does Millcreek Compare to Nearby Cities

	Average Rent	Y-o-Y Change
Salt Lake City	$1,233	3%
West Jordan	$1,180	4%
West Valley City	$1,100	8%
Murray	$1,102	7%
South Salt Lake	$1,108	12%
Taylorsville	$1,059	8%
Sandy	$1,247	3%
Draper	$1,302	4%
Bluffdale	$1,426	4%
Riverton	$1,335	5%
Millcreek	$1,295	8%

For more information about the Millcreek rental trends, check out our monthly rent report

The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Millcreek apartment buildings 50 units or larger. Yardi Matrix covers ~90% of the U.S. metro area population, including ~17 million apartments across more than 130 U.S. markets.