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Rental market trends in Salt Lake City, UT

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Average Rent in Salt Lake City, UT

Average Rent in Salt Lake City, UT

Avg. RentAnnual Change
Studio - $1,437+5%
1 Bed - $1,399-1%
2 Beds - $1,837+2%
Last updated 2/20/2024

Average Apartment Cost in Salt Lake City, UT

The average rent for apartments in Salt Lake City, UT, is between $1,399 and $1,837 in 2024. For a studio apartment in Salt Lake City, UT, the average rent is $1,437. When it comes to 1-bedroom apartments, the average rent in Salt Lake City, UT, is $1,399. For a 2-bedroom apartment, the average rent is $1,837.

Apartment Rent Ranges in Salt Lake City, UT

Apartment PricesProportion
0%
9%
43%
18%
30%

Neighborhood Apartment Rent Trends in Salt Lake City, UT

Neighborhood1 Bed Avg RentAnnual Change
Westpointe$2,347+9%
Sugarhouse$1,900+11%
9th and 9th$1,899--
Union Pacific District$1,897--
Sugar House Downtown Business District$1,799-5%
Capitol Hill$1,757-19%
Fairmont$1,749+2%
Capitol Hill Historic District$1,689+32%
Downtown$1,525-16%
Broadway District$1,525-5%
South Temple Historic District$1,499-8%
Central City$1,479-3%
Westminster$1,450-18%
East Downtown$1,424+10%
Central City Historic District$1,401-8%
Central Salt Lake City$1,372-2%
Bryant$1,325+13%
Liberty Wells$1,299+18%
People's Freeway$1,289-37%
Jordan Meadows$1,259+6%
East Bench$1,225-24%
East Central$1,212-12%
Bennion$1,200-17%
University District$1,199-13%
Westside$1,179-18%
Poplar Grove$1,174--
Northwest Salt Lake City$1,172+2%
Glendale$1,162-20%
Fairpark$1,146--
The Avenues$1,125-10%
The Avenues Historic District$1,125-6%
Rose Park$1,099-3%
Douglas$995--
Emerson$995--
Neighborhood2 Beds Avg RentAnnual Change
Capitol Hill$2,654+4%
Union Pacific District$2,607--
Sugarhouse$2,600+8%
Westminster$2,550+4%
Capitol Hill Historic District$2,480+87%
Fairmont$2,312-7%
Sugar House Downtown Business District$2,312-7%
South Temple Historic District$2,249+2%
East Downtown$2,199-8%
Downtown$2,149-7%
Broadway District$2,149-27%
Central City$2,124-1%
Central City Historic District$2,049+1%
Central Salt Lake City$1,950-2%
Bennion$1,937+1%
People's Freeway$1,725-33%
The Avenues$1,675+31%
The Avenues Historic District$1,675+31%
Poplar Grove$1,666--
Emerson$1,495--
Westside$1,484-5%
Glendale$1,484-5%
Bryant$1,459+18%
Rose Park$1,450-6%
East Central$1,449-15%
Northwest Salt Lake City$1,439+1%
Jordan Meadows$1,439+2%
East Bench$1,399-30%
Fairpark$1,367--
University District$1,275-25%
Douglas$1,225-2%
Westpointe$1,164-17%
Liberty Wells$1,125-17%

How Other Cities Compare to Salt Lake City, UT

CityStudio Avg RentAnnual Change
Sandy$1,710+10%
Layton$1,542--
Millcreek$1,540--
West Valley City$1,500-9%
South Jordan$1,423--
Murray$1,4210%
American Fork$1,320-6%
Midvale$1,2860%
Orem$1,279--
Draper$1,277-4%
Provo$1,157--
Ogden$1,091+3%
City1 Bed Avg RentAnnual Change
Millcreek$1,735--
Heber City$1,649--
South Jordan$1,589+9%
Herriman$1,553+7%
Lehi$1,518-9%
Sandy$1,517-17%
Draper$1,459-4%
Murray$1,449-3%
American Fork$1,442-1%
Layton$1,430+3%
West Jordan$1,408-1%
Pleasant Grove$1,403-2%
Tooele$1,399-1%
West Valley City$1,389+9%
Orem$1,389+1%
Magna$1,349+2%
Ogden$1,317-2%
Provo$1,305+61%
Taylorsville$1,2780%
Midvale$1,274-7%
City2 Beds Avg RentAnnual Change
Herriman$2,455+41%
Millcreek$2,300+77%
Sandy$2,195-14%
Heber City$2,132--
South Jordan$1,919+9%
Draper$1,891+1%
Lehi$1,867+1%
American Fork$1,7620%
Provo$1,737+5%
West Valley City$1,699+14%
Murray$1,695-3%
West Jordan$1,677+3%
Layton$1,675+4%
Pleasant Grove$1,675-3%
Orem$1,600+1%
Magna$1,544+4%
Ogden$1,5040%
Midvale$1,499-8%
Bountiful$1,450-19%
North Salt Lake$1,383+9%
Taylorsville$1,345-4%
Cottonwood Heights$1,299-3%
Tooele$9300%

Salt Lake City, UT Rent Trends

Studio1 Bed2 Beds
Feb 2023Mar 2023Apr 2023May 2023Jun 2023Jul 2023Aug 2023Sep 2023Oct 2023Nov 2023Dec 2023Jan 2024Feb 2024
$1410$1409$1395$1386$1387$1457$1437$1427$1415$1385$1417$1449$1510
$1362$1350$1359$1360$1397$1354$1309$1289$1279$1275$1289$1421$1418
$1694$1704$1740$1685$1771$1715$1722$1672$1594$1692$1784$1871$1871
$2075$2040$2083$2012$2040$1946$1954$1919$1917$2064$2062$2043$2138

Neighborhood Information for Salt Lake City, UT

What are the most affordable neighborhoods in Salt Lake City, UT?

The most affordable neighborhoods in Salt Lake City are Douglas, where the average 1-bedroom apartment rent goes for $995, Emerson, where renters pay $995 on average for a 1-bedroom apartment, and Rose Park, where the average 1-bedroom apartment rent goes for $1,099. If you're looking for other great deals, check out the listings in The Avenues ($1,125 for a 1-bedroom apartment) or The Avenues Historic District ($1,125 for a 1-bedroom apartment), compared to the $1,399 average for a Salt Lake City 1-bedroom apartment.

What are the most expensive neighborhoods in Salt Lake City, UT?

The most affordable neighborhoods in Salt Lake City are Westpointe, where the average 1-bedroom apartment rent goes for $2,347, Sugarhouse, where renters pay $1,900 on average for a 1-bedroom apartment, and 9th and 9th, where the average 1-bedroom apartment rent goes for $1,899. If you're looking for other great deals, check out the listings in Union Pacific District ($1,897 for a 1-bedroom apartment) or Sugar House Downtown Business District ($1,799 for a 1-bedroom apartment), compared to the $1,399 average for a Salt Lake City 1-bedroom apartment.

What are the most popular neighborhoods in Salt Lake City, UT?

The most popular neighborhoods in Salt Lake City are Fairmont, where the average 1-bedroom apartment rent goes for $1,749, People's Freeway, where renters pay $1,289 on average for a 1-bedroom apartment, and Sugar House Downtown Business District, where the average 1-bedroom apartment rent goes for $1,799. If you're looking for other popular neighborhoods, check out the listings in Westminster ($1,450 for a 1-bedroom apartment) or Liberty Wells ($1,299 for a 1-bedroom apartment), compared to the $1,399 average for a Salt Lake City 1-bedroom apartment.

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