43 Cheap Apartments for rent in Salt Lake City, UT

Last updated August 16 at 7:52am UTC
201 East Baird Avenue
South Salt Lake City
Salt Lake City, UT
Updated August 15 at 11:20am UTC
1 Bedroom
$825
641 E Redondo Ave
Liberty Wells
Salt Lake City, UT
Updated August 15 at 11:18am UTC
1 Bedroom
$650
273 Pueblo St
Poplar Grove
Salt Lake City, UT
Updated August 15 at 5:22pm UTC
1 Bedroom
$680
277 Pueblo St
Poplar Grove
Salt Lake City, UT
Updated August 15 at 5:22pm UTC
1 Bedroom
$680
1332 E 400 S
East Central
Salt Lake City, UT
Updated August 15 at 5:19pm UTC
1 Bedroom
$350
746 W 900 S
Poplar Grove
Salt Lake City, UT
Updated August 15 at 5:13pm UTC
1 Bedroom
$695
1470 Edison St
Liberty Wells
Salt Lake City, UT
Updated August 15 at 5:13pm UTC
1 Bedroom
$825
809 Genesee Ave
Poplar Grove
Salt Lake City, UT
Updated August 15 at 5:13pm UTC
1 Bedroom
$695
675 500 E
Central City
Salt Lake City, UT
Updated August 14 at 5:09pm UTC
1 Bedroom
$795
320 700 E
Central City
Salt Lake City, UT
Updated August 13 at 1:27am UTC
1 Bedroom
$695
643 E 300 S
Central City
Salt Lake City, UT
Updated August 9 at 5:17pm UTC
1 Bedroom
$775
778 N 300 W
Capitol Hill
Salt Lake City, UT
Updated August 9 at 5:17pm UTC
1 Bedroom
$825
30 J St
Greater Avenues
Salt Lake City, UT
Updated August 7 at 9:21am UTC
1 Bedroom
$725
1149 800 S
East Central
Salt Lake City, UT
Updated August 4 at 5:12pm UTC
1 Bedroom
$750
279 E 2nd Ave
Greater Avenues
Salt Lake City, UT
Updated August 3 at 1:13am UTC
1 Bedroom
$750
752 Irving St
Rose Park
Salt Lake City, UT
Updated August 2 at 9:28am UTC
2 Bedrooms
$795
1269 E 100 S
East Central
Salt Lake City, UT
Updated August 16 at 1:17am UTC
1 Bedroom
$795

August 2018 Salt Lake City Rent Report

Welcome to the August 2018 Salt Lake City Rent Report. Salt Lake City rents declined 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

August 2018 Salt Lake City Rent Report

Welcome to the August 2018 Salt Lake City Rent Report. Salt Lake City rents declined 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 declined moderately over the past month

Salt Lake City rents have declined 0.3% over the past month, but are up moderately by 2.5% in comparison to the same time last year. Currently, median rents in Salt Lake City stand at $860 for a one-bedroom apartment and $1,070 for a two-bedroom. Salt Lake City's year-over-year rent growth lags the state average of 2.6%, but exceeds the national average of 1.2%.

Salt Lake City rents more affordable than many large cities nationwide

As rents have increased moderately in Salt Lake City, 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 $1,070 is below the national average of $1,180. Nationwide, rents have grown by 1.2% over the past year compared to the 2.5% rise in Salt Lake City.
  • While Salt Lake City's rents rose moderately over the past year, some cities nationwide saw decreases, including Seattle (-2.4%) and Minneapolis (-0.4%).
  • Renters will find more reasonable prices in Salt Lake City than most large cities. For example, San Francisco has a median 2BR rent of $3,090, 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.