Salt Lake City, UT Rental Market Trends

Highlights

The average rent for an apartment in Salt Lake City is $1,166, a 7% increase compared to the previous year, when the average rent was $1,087.

Average Rent in Salt Lake City, UT

Last updated Jul 2019
Average Rent Y-o-Y Change Average Apartment Size
$1,166 7% 861 sq. ft.

The average size for a Salt Lake City, UT apartment is 861 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.

Salt Lake City, UT Apartment Rent Ranges

  • $501-$7001%
  • $701-$1,00034%
  • $1,001-$1,50053%
  • $1,501-$2,0009%
  • > $2,0002%

Salt Lake City, UT Rent Trends

Average Rent Jan / 2016 May / 2016 Sept / 2016 Jan / 2017 May / 2017 Sept / 2017 Jan / 2018 May / 2018 Sept / 2018 Jul / 2019
Salt Lake City, UT $958 $1,012 $1,037 $1,040 $1,077 $1,087 $1,087 $1,088 $1,166 $1,166
National $1,290 $1,319 $1,334 $1,329 $1,354 $1,366 $1,366 $1,381 $1,396 $1,430
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Average Rent in Salt Lake City, UT By Neighborhood

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The most affordable neighborhoods in Salt Lake City are Foothills Sunnyside, where the average rent goes for $977/month, University Of Utah, where renters pay $977/mo on average, and Jordan Meadows, where the average rent goes for $1,019/mo. If you’re looking for other great deals, check out the listings from Rose Park ($1,019), Westpointe ($1,019), and Taylorsville ($1,031), where the asking prices are below the average Salt Lake City rent of $1,166/mo.

The most expensive neighborhoods in Salt Lake City are Capitol Hill ($1,292), Central City ($1,331) and Sugar House ($1,354).

Salt Lake City | Rent Comparison by Neighborhood

Neighborhood
vs.
Neighborhood

Rent in Ballpark is 5% lower than in Capitol Hill

$1,223

Ballpark rent is 5% higher than Salt Lake City average

Average Rent $1,223
$1,292

Capitol Hill rent is 11% higher than Salt Lake City average

Average Rent $1,292

How Does Salt Lake City Compare to Nearby Cities

Average Rent Y-o-Y Change
Salt Lake City $1,166 7%
West Jordan $1,144 5%
Murray $1,073 4%
West Valley City $1,072 6%
Riverton $1,261 -1%
Sandy $1,214 n/a
Taylorsville $1,031 5%
Herriman $1,246 n/a
Kearns $1,098 6%
South Salt Lake $1,068 8%
Draper $1,248 n/a

For more information about the Salt Lake City rental trends, check out our monthly rent report

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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 Salt Lake City apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.

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