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Luxury Apartments for Rent in Salt Lake City, UT - 113 Rentals available


Salt Lake City’s average rent reached $1,268 in December

Salt Lake City’s average rent reached $1,268 in December, after a 2.2% increase since last year. Utah’s most populous city and a renter-majority city (52%), Salt Lake City is a diverse and vibrant place to live in, with apartment rents below the national average of $1,462. [View Full Report]

Salt Lake City apartment rent report

Salt Lake City’s average rent was $1,268 in December

Salt Lake City’s average rent reached $1,268 in December, after a 2.2% increase since last year. Utah’s most populous city and a renter-majority city (52%), Salt Lake City is a diverse and vibrant place to live in, with apartment rents below the national average of $1,462.

This December, the average rent for an apartment in Salt Lake City has increased less than in other surrounding cities such as West Jordan ($1,223, up 3.8%) and West Valley City, where rent went up 6.3%, reaching $1,198.

Salt Lake City apartment rent report

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

A renter-majority city itself, Salt Lake City (52%) is surrounded by other cities popular among renters. The city with the largest renter share is Provo, where renters make up 61% of the city’s households. Provo apartments go for $1,454 on average, which is 4.5% more compared to last year. Following a 4.4% increase, renting in Midvale (57%) averages on $1,193 a month as of December. Ogden comes in fourth with 44%, where apartments go for $987, after a 4.0% annual increase. In Clearfield (43%), the average rent is $1,106 after a significant 5.6% increase compared to last year.

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

At $1,454 a month, Provo is the priciest city for renters in the Salt Lake City area. Herriman is the second most expensive with an average rate of $1,418, while South Jordan’s $1,363 average puts it in third place.

Ogden rentals are the most budget-friendly in the Salt Lake City area, with an average price of $987. For renters in search of more affordable options, next up are Taylorsville rentals, going for $1,062 per month. Clearfield apartments are the third least pricey, with a $1,106 monthly average as of December.

Salt Lake City 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 $794 and $5,377. Find luxury apartments in Salt Lake City, UT.

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

There are 99 luxury rentals available on RENTCafé. Prices and availability in Salt Lake City, UT were last updated on 16 Jan 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 853 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 Population195,701
  • Female 100,612
    Male 95,089
  • Median Age32

Average Rent in Salt Lake City, UT

  • Salt Lake City, UT Average Rental Price, October 2020 $1,253 /mo

    Salt Lake City, UT Apartment Rent Ranges

    • $501-$7001%
    • $701-$1,00024%
    • $1,001-$1,50055%
    • $1,501-$2,00016%
    • > $2,0004%

    Salt Lake City, UT Rent Trends

    Average Rent Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Oct / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Oct / 2020
    Salt Lake City, UT $1,117 $1,112 $1,160 $1,198 $1,200 $1,235 $1,254 $1,253 $1,244 $1,239 $1,253
    National $1,377 $1,380 $1,417 $1,426 $1,430 $1,466 $1,466 $1,473 $1,474 $1,461 $1,464
    /

    Salt Lake City, UT Households

    • Total Number of Households78,229
    • Family 40,229
      Non-family 38,000
    • Children 19,609
      No Children 58,620
    • Average People Per Household2.43
    • Median Household Income$56,370
    • Median Housing Costs Per Month$1,026

    Salt Lake City, UT Education Statistics

    • No High School5%
    • Some High School25%
    • Some College22%
    • Associate Degree7%
    • Bachelor Degree24%
    • Graduate Degree17%

    Renting a luxury apartment in Salt Lake City, UT

    Here at RENTCafé we appreciate the finer things in life and know that small things make big differences. So, when it comes to luxury apartments we are doing our utmost to bring you a selection of the best apartments in Salt Lake City, UT and we try to provide solutions for every pocket. Just starting your career and you’re on the lookout for luxury studio apartments to move in alone, close to everything loud and bustling the city has to offer? Or you’re searching for luxury townhomes in quieter areas with playgrounds, where you want to raise a family but still make commuting feel like a breeze? There are 18 properties in Salt Lake City, UT with an average size of 848 Sq.Ft., so we’ve got your back whether you are on the search for small or large apartments.

    Choosing between high rise apartments

    We know that in today’s market finding the perfectly furnished, modern home among all the high rise apartments available might seem overwhelming. There are just so many interiors styled differently and so many buildings to choose from. And it’s not just about the interior. You’re shopping for amenities too: a fitness center or a spa, a yoga studio or a pool could all be deal breakers. After weeks of intense searching one apartment complex looks just like the other. That’s why we are providing detailed information including photos, floorplan and a straight to the point list of the amenities offered, so no guesswork is required. We also know that finding cheap luxury apartments sounds impossible, but the average price for listings in Salt Lake City, UT is $1,849 and the lowest monthly rents start at $789, so you may be able to find some deals on luxury after all.

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