Lotus Republic
25 S 300 E,
Salt Lake City, UT 84111
Studio - 1 Bed | $1,325 - $2,050
Rental Market Trends in Salt Lake City, UT
What is the average rent in Salt Lake City, UT?
$1,414/month
Average Rent
658 Sq Ft
Average Apartment Size
-2.2%
Decrease in the Last Year
As of December 2024, the average rent in Salt Lake City, UT is $1,414 per month. For comparison, the national average rent price in the US is currently $1,560/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 $1,166 per month for a studio, $1,414 for a one-bedroom apartment, and around $1,783 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,232 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 2.2%, which averages out to $31 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 December 2024
Legend
2023
2024
Rent Ranges in Salt Lake City, UT
Last Updated December 2024
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
3%
Below $700/month
16%
$700 - $1,000/month
45%
$1,001 - $1,500/month
23%
$1,501 - $2,000/month
12%
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, People's Freeway, Jordan Meadows and Fairpark 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, Liberty Wells, Kearns 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 $1,414, you’ll want to make about $4,713 per month or $56,556 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
$1,148/month
-
One Bedroom
$1,236/month
$1,160/month
Two Bedroom
$1,660/month
$1,353/month
Three Bedroom
$1,942/month
$2,286/month
Nearby City Rent Trends
Apartment communities in Salt Lake City we think you'll love
Property Management Companies in Salt Lake City, UT
AMC
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647
Communities
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127,973
Units
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247
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42 Communities in Salt Lake City
Greystar
-
3,186
Communities
-
882,573
Units
-
828
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35 Communities in Salt Lake City
Cornerstone Residential
-
94
Communities
-
12,164
Units
-
45
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21 Communities in Salt Lake City
EMG Management
-
25
Communities
-
3,365
Units
-
9
Cities
9 Communities in Salt Lake City
Western States Lodging and Management
-
29
Communities
-
4,444
Units
-
18
Cities
8 Communities in Salt Lake City
De Anza Properties
-
23
Communities
-
2,699
Units
-
9
Cities
7 Communities in Salt Lake City
JF Capital
-
13
Communities
-
1,015
Units
-
6
Cities
7 Communities in Salt Lake City
Kairoi Residential
-
64
Communities
-
17,714
Units
-
20
Cities
5 Communities in Salt Lake City
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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.