Lotus Republic
25 S 300 E,
Salt Lake City, UT 84111
Studio - 1 Bed | $1,199 - $2,695
Rental Market Trends in Salt Lake City, UT
What is the average rent in Salt Lake City, UT?
$1,421/month
Average Rent
660 Sq Ft
Average Apartment Size
-3.1%
Decrease in the Last Year
As of February 2025, the average rent in Salt Lake City, UT is $1,421 per month. For comparison, the national average rent price in the US is currently $1,555/month, which means Salt Lake City rent prices are 9% lower than the national average. When you rent an apartment in Salt Lake City, you can expect to pay about $1,183 per month for a studio, $1,421 for a one-bedroom apartment, and around $1,790 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,227 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Salt Lake City, UT?
In the past year, rent has decreased by 3.1%, which averages out to $43 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated February 2025
Legend
2024
2025
Rent Ranges in Salt Lake City, UT
Last Updated February 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
3%
Below $700/month
15%
$700 - $1,000/month
48%
$1,001 - $1,500/month
23%
$1,501 - $2,000/month
11%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Salt Lake City?
Based on current rent prices, Rose Park, Fairpark and Jordan Meadows are the most affordable neighborhoods in Salt Lake City.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Salt Lake City?
Based on current rent prices, Capitol Hill, Liberty Wells and Central Salt Lake City are the most expensive neighborhoods in Salt Lake City.
Neighborhood
Average Rent
Average Sq Ft
Which Salt Lake City neighborhoods have the most rentals available?
The neighborhoods in Salt Lake City with the most apartments available are Downtown Salt Lake City, Central Salt Lake City and West Salt Lake City .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Salt Lake City, UT?
Because the average rent in Salt Lake City is $1,421, you’ll want to make about $4,736 per month or $56,832 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Salt Lake City, UT compare to other nearby cities and neighborhoods?
Use the tool below to compare Salt Lake City, UT to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
-
$1,416/month
One Bedroom
$1,155/month
$1,594/month
Two Bedroom
$1,434/month
$2,512/month
Three Bedroom
-
$2,935/month
Nearby City Rent Trends
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Western States Lodging and Management
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27
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De Anza Properties
-
23
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2,699
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-
9
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JF Capital
-
15
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-
1,396
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-
8
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PEG Companies
-
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.