Salt Lake City, UT Rental Market Trends
Highlights
The average rent for an apartment in Salt Lake City is $1,235, a 3% increase compared to the previous year.
Average Rent in Salt Lake City, UT
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,235 | 3% | 831 sq. ft. |
The average size for a Salt Lake City, UT apartment is 831 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
- $501-$7001%
- $701-$1,00029%
- $1,001-$1,50052%
- $1,501-$2,00014%
- > $2,0004%
Salt Lake City, UT Occupied Housing Units
- Renter-occupied Households48%
- Owner-occupied Households51%
38,000 or 48% of the households in Salt Lake City, UT are renter-occupied while 40,229 or 51% are owner-occupied.
Salt Lake City, UT Rent Trends
| Average Rent | Nov / 2016 | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Feb / 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Salt Lake City, UT | $1,065 | $1,067 | $1,109 | $1,117 | $1,112 | $1,160 | $1,198 | $1,200 | $1,235 | $1,253 | $1,235 |
| National | $1,340 | $1,337 | $1,368 | $1,371 | $1,374 | $1,408 | $1,417 | $1,422 | $1,458 | $1,466 | $1,468 |
Average Rent in Salt Lake City, UT By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Westpointe | $1,023 |
| Rose Park | $1,023 |
| Jordan Meadows | $1,023 |
| Poplar Grove | $1,031 |
| University Of Utah | $1,051 |
| Foothills Sunnyside | $1,051 |
| Glendale | $1,052 |
| Taylorsville | $1,083 |
| Murray | $1,107 |
| South Salt Lake | $1,130 |
| Holladay | $1,232 |
| Cottonwood Heights | $1,257 |
| Yalecrest | $1,280 |
| Ballpark | $1,291 |
| The Avenues | $1,316 |
| Capitol Hill | $1,320 |
| Downtown Salt Lake City | $1,324 |
| East Bench | $1,329 |
| Liberty Wells | $1,332 |
| Sugar House | $1,385 |
| Central City | $1,397 |
The most affordable neighborhoods in Salt Lake City are Jordan Meadows, where the average rent goes for $1,023/month, Rose Park, where renters pay $1,023/mo on average, and Westpointe, where the average rent goes for $1,023/mo. If you’re looking for other great deals, check out the listings from Poplar Grove ($1,031), Foothills Sunnyside ($1,051), and University Of Utah ($1,051), where the asking prices are below the average Salt Lake City rent of $1,235/mo.
The most expensive neighborhoods in Salt Lake City are Liberty Wells ($1,332), Sugar House ($1,385) and Central City ($1,397).
The most popular neighborhood in Salt Lake City is Downtown Salt Lake City, where there are 8 verified RENTCafé listings with an average rent of $1,324. Next up is Murray, where apartments go for $1,107/month, followed by South Salt Lake with $1,130 If you’re looking to rent in Salt Lake City’s most popular neighborhoods, make sure to also check out Central City, where renters pay $1,397 on average, and Taylorsville, where the average monthly rent is $1,083.
Salt Lake City | Rent Comparison by Neighborhood
Rent in Ballpark is 2% lower than in Capitol Hill
Ballpark rent is 5% higher than Salt Lake City average
| Average Rent | $1,291 |
|---|
Capitol Hill rent is 7% higher than Salt Lake City average
| Average Rent | $1,320 |
|---|
How Salt Lake City Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Salt Lake City | $1,235 | 3% |
| Sandy | $1,301 | 7% |
| Midvale | $1,135 | 4% |
| Murray | $1,107 | 3% |
| South Salt Lake | $1,130 | 6% |
| Draper | $1,290 | 3% |
| Ogden | $1,055 | 8% |
| Orem | $1,249 | -1% |
| Provo | $1,434 | 1% |
| West Jordan | $1,189 | 4% |
| Taylorsville | $1,083 | 5% |
For more information about the Salt Lake City rental trends, check out our monthly rent report
Check out Utah Cities, Utah Neighborhoods and Utah Zip Codes for more details on verified listings, including the Utah Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!