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Luxury Apartments for Rent in Salt Lake City, UT - 57 Rentals available

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Salt Lake City’s average rent reached $1,272 in March

Salt Lake City’s average rent reached $1,272 in March, after a 2.3% increase since last year. Renters make up 48% of Salt Lake City’s population. Utah’s capital is a diverse and vibrant place to live in, with apartment rents below the national average of $1,407. [View Full Report]

Salt Lake City apartment rent report

Salt Lake City’s average rent was $1,272 in March

Salt Lake City’s average rent reached $1,272 in March, after a 2.3% increase since last year. Renters make up 48% of Salt Lake City’s population. Utah’s capital is a diverse and vibrant place to live in, with apartment rents below the national average of $1,407.

The average rent for an apartment in Salt Lake City increased less than in other surrounding areas since last year. In West Jordan, apartments go for $1,239 after a 3.9% increase, and in West Valley City, rent went up by 5.3%, reaching $1,203.

Salt Lake City apartment rent report

What it costs to rent in the largest renter hubs in the Salt Lake City area

The city with the largest renter share is Provo (57%), where the average rent is $1,459, after a 7% increase, followed by Midvale, where there are 57% renters. Salt Lake City comes in third, with 48% of the population being renters. Clearfield, with an average rent of $1,134, has the fourth largest share of renters (42%) and has experienced a rent increase of 6.3% since March 2020. In Ogden, where 39% of the population are renters, the average rent is $997, registering an increase of 4% compared to last year.

The priciest and cheapest cities for renters in the Salt Lake City area

Provo is the priciest city for renters in the Salt Lake City area, with apartments going for $1,459 per month. The average rent for apartments in South Jordan is $1,401, the second most expensive, while Herriman ($1,393) comes in third.

For renters in search of budget-friendly apartments, Ogden's $997 average rent is the cheapest in the Salt Lake City area, followed by Taylorsville's $1,048 rate. Clearfield rentals are the third least pricey on the list, with a $1,134 average apartment rate.

Salt Lake City apartment rents in popular ZIP codes for renters

Among Salt Lake City's most popular renter ZIP codes, 84116 has a $1,085 average rent, below the city average ($1,272). At the same time, rentals in ZIP 84107 go for $1,093, while prices in ZIP 84123 circle around $1,063. Apartment rents in ZIP 84111 clock in at around $1,450, higher than the Salt Lake City average, while rates in ZIP 84103 average at $1,706.

Check out how average rents evolved across the Salt Lake City area

Pittsburgh apartment rent report

Methodology

RENTCafe.com is a nationwide apartment search website that enables renters to easily find apartments and houses for rent throughout the United States. 

The data on average rents included in our reports comes directly from competitively-rented (market-rate) large-scale multifamily properties (50+ units in size), via telephone survey. The data is compiled and reported by our sister company Yardi Matrix, a business development and asset management tool for brokers, sponsors, banks and equity sources underwriting investments in the multifamily, office, industrial and self-storage sectors. Fully-affordable properties are not included in the survey and are not reported in rental rate averages. Local rent reports include only cities with a statistically-relevant stock of large-scale multifamily properties of 50+ units.

Look for luxury apartments near me

Looking for a top of the line, luxury apartment near you to move in to? Are you interested in having all new appliances, on site amenities, a gym, a pool, and private parking? Take a look at our high-end listings and search for the apartment that provides all that you need to feel at home using filters for top community and apartment amenities. On RENTCafé you can find the luxury apartment you are looking for whether it's near you, in a specific neighborhood or ZIP code, or in the best area in town.

RENTCafé can help you find the best luxury apartment for you by allowing you to compare location, size and price. May it be near where you live now or anywhere in the U.S. that you want to move to, let's help you choose the perfect apartment.

Frequently Asked Questions

What is the price of a luxury apartment in Salt Lake City, UT?

The price range is between $829 and $5,156. Find luxury apartments in Salt Lake City, UT.

How many luxury rentals are available in Salt Lake City, UT on RENTCafé?

There are 46 luxury rentals available on RENTCafé. Prices and availability in Salt Lake City, UT were last updated on 20 Apr 2021.

What is the average size of a luxury apartment in Salt Lake City, UT?

The average Salt Lake City, UT luxury apartment size is 850 sq. ft.

What are the advantages of renting a luxury apartment in Salt Lake City, UT?

Renting a luxury apartment in Salt Lake City, UT comes with many amenities, more space and central locations.

What are the downsides of renting a luxury apartment in Salt Lake City, UT?

Luxury apartments tend to be more expensive and have higher utility bills. You might be interested in studio apartments, 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, or browse all RENTCafé apartments for rent in Salt Lake City, UT.

Salt Lake City, UT Demographics

  • Total Population197,756
  • Female 100,748
    Male 97,008
  • Median Age32.3

Average Rent in Salt Lake City, UT

  • Salt Lake City, UT Average Rental Price, March 2021 $1,272 /mo

    Salt Lake City, UT Apartment Rent Ranges

    • $701-$1,00022%
    • $1,001-$1,50058%
    • $1,501-$2,00015%
    • > $2,0005%

    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
    /

    Check out the average rent prices in Salt Lake City by neighborhood.

    Salt Lake City, UT Households

    • Total Number of Households79,264
    • Family 39,934
      Non-family 39,330
    • Children 19,062
      No Children 60,202
    • Average People Per Household2.42
    • Median Household Income$60,676
    • Median Housing Costs Per Month$1,078

    Salt Lake City, UT Education Statistics

    • No High School5%
    • Some High School25%
    • Some College21%
    • Associate Degree7%
    • Bachelor Degree24%
    • Graduate Degree18%

    Renting a luxury apartment in Salt Lake City, UT

    Comfort is an essential element to your happiness, which is why we selected the best apartments in Salt Lake City, UT, uniquely designed to satisfy your need for luxury. Finely detailed craftsmanship, meticulously chosen color contrasts and high-level amenities complement modern apartments. The community living spaces have indoor pools, ultra-modern spas and wine rooms, a cut above anything you’ve seen before. Upscale apartments can be a real showstopper and you can find yours in one of the 16 outstanding buildings in Salt Lake City, UT. Right now, there are as many as 56 luxury apartments to choose from in Salt Lake City, UT that pride in being the best of the best. And, as they say -- beauty comes in all shapes and sizes -- you can find luxury studio apartments, large apartments and even luxury townhomes available, depending on your needs. Make sure you do not miss the chance to level up your lifestyle with one of these stunners!

    Affordable high rise apartments

    If you are looking for a luxurious home in Salt Lake City, UT but you’re held back by a limited budget, there is no reason to despair. Marvelously furnished apartments are available for you right now at great prices. Do you dream of a custom-designed rental that exudes glamour and character, but yare afraid you won’t afford rent in a high-end apartment complex? Sleek finishes, roof-top pools and monumental granite fireplaces sound expensive and all, but luxury living is not unattainable. Do you dream of drinking your morning coffee in a top-quality chef’s kitchen, but are frustrated with overpriced rent? Look no further! Cheap luxury apartments are actually a thing these days, so you can find luxury apartments in Salt Lake City, UT with monthly rents starting as low as $829. Sort your search results by “Rent” ascending to see the lowest-priced listings first.

    Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!