Average Rent in Salt Lake City, UT: $1,747/mo

About Rent Prices in Salt Lake City, UT

Salt Lake City offers mountain access, outdoor recreation, and a growing tech sector dubbed 'Silicon Slopes.' The city combines urban amenities with immediate proximity to world-class skiing and hiking. Clean air initiatives and quality of life attract young professionals despite unique cultural aspects.

The fair market rent (FMR) in Salt Lake City, UT represents the 40th percentile of gross rents for standard quality rental housing. This data is published annually by the U.S. Department of Housing and Urban Development (HUD) and is used for various housing programs including Section 8 vouchers. As of 2025, the median rent for a 2-bedroom apartment is $1,747 per month.

Rent by Apartment Size in Salt Lake City, UT

The Salt Lake City Rental Market

Salt Lake City's rental market has tightened significantly with tech sector growth and migration from California. Utah has no rent control laws. New apartment construction continues in downtown and surrounding areas. Landlords typically require proof of income at 2-3x monthly rent. Competition is moderate compared to coastal cities.

Neighborhoods in Salt Lake City

The Avenues and Sugar House command premium rents with character and walkability. Downtown Salt Lake has new developments. Capitol Hill offers proximity to downtown. More affordable areas include West Valley City, Murray, and Sandy. The suburbs provide family-friendly options. Ski resort towns like Park City have separate, higher rental markets.

Renter's Guide to Salt Lake City

Winter air quality can be poor due to inversions trapping pollution - check AQI trends. The city's street numbering system is logical but unique. Public transit via TRAX light rail is good along main corridors. Consider altitude adjustment if you're not used to it. Many residents are outdoor enthusiasts. Start searching 4-6 weeks before moving.

Cost of Living Considerations

Salt Lake City's cost of living is moderate and rising. Utah has state income tax but rates are relatively low. Skiing and outdoor recreation represent additional costs if you participate. Car ownership is helpful though TRAX provides good service in the urban core. Generally lower alcohol content in beers due to state laws.

Rental Market Trends in Salt Lake City

Understanding recent trends helps renters time their apartment search effectively. The Salt Lake City, UTrental market has been influenced by population migration patterns, remote work adoption, and local economic conditions. Seasonal variations typically show higher demand and prices in summer months when families prefer to move, while winter often brings more negotiating power for renters.

New apartment construction in Salt Lake City affects supply and pricing dynamics. Areas experiencing significant development may see rent stabilization or decreases as more units come to market, while established neighborhoods with limited new construction tend to see steady price appreciation. Monitoring vacancy rates provides insight into market tightness - rates below 5% typically indicate a competitive market favoring landlords.

What Affects Rent Prices in Salt Lake City?

• Location: Proximity to downtown, employment centers, and desirable neighborhoods significantly impacts rent. In Salt Lake City, location can create 30-50% price variations.
• Building Quality: Newer buildings with modern amenities command premium rents. Expect to pay 15-25% more for properties built within the last 5 years.
• Transportation: Access to public transit or major highways affects desirability and rent prices. Properties within walking distance of transit often command 10-20% premiums.
• Local Economy: Job market strength and major employer presence drive rental demand. Salt Lake City's primary employment sectors directly influence neighborhood pricing.
• Schools: Family-oriented renters pay premiums for quality school districts. Top-rated school zones can add 20-30% to comparable properties.
• Safety: Crime rates and neighborhood safety influence pricing significantly. Low-crime neighborhoods typically command meaningful premiums.
• Amenities: In-unit laundry, parking, pools, fitness centers, and other building amenities can add $100-300+ monthly to base rent.

Tips for Renting in Salt Lake City