30 Cheap Apartments for rent in Salt Lake City, UT

Last updated June 19 at 6:26am UTC
746 W 900 S
Poplar Grove
Salt Lake City, UT
Updated June 19 at 1:35am UTC
1 Bedroom
$735
338 N 300 W
Capitol Hill
Salt Lake City, UT
Updated June 17 at 10:08am UTC
1 Bedroom
$695
1718 S 200 E
Liberty Wells
Salt Lake City, UT
Updated June 17 at 10:08am UTC
1 Bedroom
$750
3175 300 E
South Salt Lake City
Salt Lake City, UT
Updated June 16 at 9:50am UTC
1 Bedroom
$780
2035 300 E
Liberty Wells
Salt Lake City, UT
Updated June 15 at 5:34pm UTC
Studio
$539
311 3360 S
South Salt Lake City
Salt Lake City, UT
Updated June 14 at 1:38am UTC
2 Bedrooms
$715
305 Douglas St
East Central
Salt Lake City, UT
Updated June 14 at 1:38am UTC
1 Bedroom
$795
1144 Simondi Ave
Fairpark
Salt Lake City, UT
Updated June 13 at 5:55pm UTC
1 Bedroom
$595
Results within 5 miles of Salt Lake City, UT
Mountain Shadows
3825 S 700 W
South Salt Lake, UT
Updated June 13 at 11:37pm UTC
1 Bedroom
$819
2 Bedrooms
$987
3 Bedrooms
$1,195
1629 Talisman Cir N
Rose Park
Salt Lake City, UT
Updated June 14 at 6:00pm UTC
2 Bedrooms
$799
38 J St
Greater Avenues
Salt Lake City, UT
Updated June 9 at 5:58pm UTC
1 Bedroom
$725

June 2018 Salt Lake City Rent Report

Welcome to the June 2018 Salt Lake City Rent Report. Salt Lake City rents increased over the past month. In this report, we'll evaluate trends in the Salt Lake City rental market, including comparisons to similar cities nationwide.

View full Salt Lake City Rent Report
Rent Report
Salt Lake City

June 2018 Salt Lake City Rent Report

Welcome to the June 2018 Salt Lake City Rent Report. Salt Lake City rents increased over the past month. In this report, we'll evaluate trends in the Salt Lake City rental market, including comparisons to similar cities nationwide.

Salt Lake City rents increase sharply over the past month

Salt Lake City rents have increased 0.8% over the past month, and are up significantly by 5.4% in comparison to the same time last year. Currently, median rents in Salt Lake City stand at $860 for a one-bedroom apartment and $1,060 for a two-bedroom. This is the fourth straight month that the city has seen rent increases after a decline in January. Salt Lake City's year-over-year rent growth leads the state average of 3.5%, as well as the national average of 1.5%.

Salt Lake City rents more affordable than many large cities nationwide

As rents have increased significantly in Salt Lake City, a few large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Salt Lake City is still more affordable than most large cities across the country.

  • Salt Lake City's median two-bedroom rent of $1,060 is below the national average of $1,170. Nationwide, rents have grown by 1.5% over the past year compared to the 5.4% rise in Salt Lake City.
  • While Salt Lake City's rents rose significantly over the past year, the city of Seattle saw a decrease of 0.8%.
  • Renters will find more reasonable prices in Salt Lake City than most large cities. For example, San Francisco has a median 2BR rent of $3,070, which is more than two-and-a-half times the price in Salt Lake City.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.