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Average Rent in Salt Lake City & Rent Price Trends

By: Kimi Kaneshina, Rob Warnock, and Justin Chaplin
June 1, 2021

Considering a move to Salt Lake City? Before you start apartment hunting, learn about the local rental market. Make sure you know the average rent in Salt Lake City to get your budget started!

Average Rent in Salt Lake City

Salt Lake City rents have increased by 3.03% compared to last month, and are up by 7.7% compared to last year.

For a broader discussion of rent changes across the country, check out our National Rent Report. You can download the raw data containing rent estimates for hundreds of cities across the country.

  • 3% of apartments in Salt Lake City cost less than $1,000 per month.
  • 71% of apartments in Salt Lake City cost between $1,000-$1,999 per month.
  • 20% of apartments in Salt Lake City cost between $2,000-$2,999 per month.
  • 6% of apartments in Salt Lake City cost over $3,000 per month.

  • 9% of apartments in Salt Lake City are studio apartments.
  • 50% of apartments in Salt Lake City are 1-bedroom apartments.
  • 38% of apartments in Salt Lake City are 2-bedroom apartments.
  • 3% of apartments in Salt Lake City are 3-bedroom apartments.

What Salary Do You Need to Live in Salt Lake City?

Using the 30% rule, we can give a rough estimate of the salary needed to rent an apartment in Salt Lake City. If these numbers look high, remember that a roommate or two can drastically cut down your monthly rent!

  • If you are renting an average priced studio apartment in Salt Lake City, your annual salary should be around $48,888 or higher.
  • If you are renting an average priced 1-bedroom apartment in Salt Lake City, your annual salary should be around $55,404 or higher.
  • If you are renting an average priced 2-bedroom apartment in Salt Lake City, your annual salary should be around $79,740 or higher.
  • If you are renting an average priced 3-bedroom apartment in Salt Lake City, your annual salary should be around $108,396 or higher.

If you're interested in learning more about the cost of living in Salt Lake City or Utah, read our blog!

Having trouble deciding how much rent you can afford? Try using a rent calculator.

Ready to make the move to Salt Lake City? Start apartment hunting in Salt Lake City with our quiz!

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AUTHOR
Kimi is a Content Associate and contributing author at Apartment List, helping renters find a new place to call home. Kimi earned her BA in Organizational Studies, Economics from Scripps College. Read More
SENIOR RESEARCH ASSOCIATE
Rob is a senior research associate at Apartment List, where he examines trends in the housing and rental markets. Previously he worked in public health policy, and before that, graduated from UCLA with a degree in Globalization. Read More
AUTHOR
Justin is a Content Manager and contributing author at Apartment List, helping people navigate the world of renting. Justin previously spent his time earning his BBA in Marketing from Boise State University. Read More
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