Astra Tower
89 E 200 S,
Salt Lake City, UT 84111
Studio - 2 Beds | $1,525 - $5,630
Rental Market Trends in Salt Lake City, UT
What is the average rent in Salt Lake City, UT?
$1,445/month
Average Rent
656 Sq Ft
Average Apartment Size
-2.4%
Decrease in the Last Year
As of April 2025, the average rent in Salt Lake City, UT is $1,445 per month. For comparison, the national average rent price in the US is currently $1,576/month, which means Salt Lake City rent prices are 8% lower than the national average. When you rent an apartment in Salt Lake City, you can expect to pay about $1,198 per month for a studio, $1,445 for a one-bedroom apartment, and around $1,827 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,266 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 2.4%, which averages out to $34 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 April 2025
Legend
2024
2025
Rent Ranges in Salt Lake City, UT
Last Updated April 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
3%
Below $700/month
15%
$700 - $1,000/month
46%
$1,001 - $1,500/month
22%
$1,501 - $2,000/month
14%
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, Fairpark, Jordan Meadows and Rose Park 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, Central Salt Lake City and Sugar House 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 $1,445, you’ll want to make about $4,816 per month or $57,792 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.
Cost of Living
The cost of living in Salt Lake City, UT is 10.0% higher than the national average. Generally, housing in Salt Lake City is 28.4% more expensive than the national average, with rent falling between $1,198 - $2,266. You can expect to pay 0.4% less for groceries, 7.0% less for utilities, and 12.3% more for transportation.
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
$1,079/month
$1,396/month
One Bedroom
$1,152/month
$1,561/month
Two Bedroom
$1,401/month
$2,525/month
Three Bedroom
-
$2,953/month
Nearby City Rent Trends
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Property Management Companies in Salt Lake City, UT
AMC
-
648
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127,131
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259
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41 Communities in Salt Lake City
Greystar
-
3,217
Communities
-
893,136
Units
-
830
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35 Communities in Salt Lake City
Cornerstone Residential
-
85
Communities
-
10,876
Units
-
41
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18 Communities in Salt Lake City
EMG Management
-
26
Communities
-
3,573
Units
-
9
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10 Communities in Salt Lake City
Western States Lodging and Management
-
27
Communities
-
4,414
Units
-
19
Cities
8 Communities in Salt Lake City
JF Capital
-
17
Communities
-
1,842
Units
-
10
Cities
7 Communities in Salt Lake City
De Anza Properties
-
23
Communities
-
2,699
Units
-
9
Cities
7 Communities in Salt Lake City
Avenue5 Residential
-
513
Communities
-
113,751
Units
-
204
Cities
6 Communities in Salt Lake City
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
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.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.
* Percentages may not total 100 due to rounding.