Rental market snapshot for Salt Lake City, Utah

Salt Lake City, Utah Rental Property Market Overview

Salt Lake City, Utah is a vibrant and diverse city with a population of 200,478 as of 2021, according to the US Census. The city is home to a variety of attractions, including the iconic Salt Lake Temple, the historic Beehive House, and the Natural History Museum of Utah. It is also home to a thriving arts and culture scene, with numerous galleries, museums, and performing arts venues. Salt Lake City is a great place to live, work, and play, offering a wide range of activities and amenities for residents and visitors alike.

The average rent for an apartment in Salt Lake City is $1,735. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by -9.1% over the past year.

Last Updated January 31, 2023

Average monthly rent graph in Salt Lake City Utah | Cost of Living

  • The most expensive ZIP Code in Salt Lake City is 84111 with an average price of $2,029
  • The cheapest ZIP Code in Salt Lake City is 84123 with an average price of $1,195

Salt Lake City ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
184111$2,029
284101$1,875
384105$1,875
484106$1,870
584103$1,847
684121$1,799
784124$1,749
884109$1,725
984102$1,612
1084107$1,604

Live near Salt Lake City, Utah's Top Sights and Attractions

Washington Square is a public park located in the heart of downtown Salt Lake City. It is a popular gathering place for locals and visitors alike, featuring a large grassy area, a fountain, and a variety of trees and shrubs. The park is surrounded by historic buildings, including the Salt Lake City and County Building, the historic Salt Lake City and County Courthouse, and the historic Salt Lake City and County Library. The park also features a variety of sculptures and monuments, including a statue of Brigham Young, the founder of Salt Lake City.

Riverside Park is a beautiful outdoor area located along the banks of the Jordan River in Salt Lake City. It features a variety of activities for visitors to enjoy, including walking and biking trails, picnic areas, playgrounds, and a disc golf course. The park also has a large pond with a fountain, as well as a variety of wildlife, including ducks, geese, and other birds. In addition, the park offers stunning views of the Wasatch Mountains and the Salt Lake Valley.

Grulla National Wildlife Refuge is a stunning nature reserve located in the heart of Utah. It is a haven for wildlife, with a variety of habitats including wetlands, grasslands, and riparian areas. Visitors can explore the refuge on foot, by bike, or in a canoe, and observe a wide variety of birds, mammals, reptiles, and amphibians. The refuge is also home to a variety of plants, including wildflowers, cacti, and shrubs. With its stunning landscapes and abundant wildlife, Grulla National Wildlife Refuge is a must-see destination for nature lovers.

Liberty Park is a sprawling 80-acre public park located in the heart of the city. It is home to a variety of attractions, including a large pond with paddle boats, a 9-hole disc golf course, a playground, a splash pad, a tennis court, and a skate park. The park also features a variety of walking and biking trails, as well as a large open grassy area perfect for picnics and outdoor activities. There are also several monuments and sculptures scattered throughout the park, making it a great place to explore and appreciate the city's history.

Hogle Zoo is a popular family attraction located in the foothills of the Wasatch Mountains. It is home to over 800 animals, including elephants, giraffes, lions, tigers, and more. The zoo also features a variety of interactive exhibits, educational programs, and special events. Visitors can explore the zoo's many trails, take a ride on the carousel, and enjoy the petting zoo. The zoo also offers a variety of dining options and gift shops.

The National Park Service attraction in Salt Lake City, Utah is a great place to explore the outdoors and experience the beauty of the area. Visitors can enjoy a variety of activities such as hiking, biking, camping, fishing, and more. The park also offers educational programs and special events throughout the year. There are several trails to explore, including the Bonneville Shoreline Trail, which offers stunning views of the Wasatch Mountains. The park also features a variety of wildlife, including bighorn sheep, deer, and elk.

Sugar House Park is a sprawling urban park located in the heart of a bustling metropolitan area. It features a large pond, walking trails, playgrounds, picnic areas, and a variety of sports fields. The park is also home to a variety of wildlife, including ducks, geese, and other birds. The park is a popular destination for locals and visitors alike, offering a peaceful respite from the hustle and bustle of the city.

Red Butte Garden is a botanical garden and arboretum located in the foothills of the Wasatch Mountains. It features over 100 acres of gardens, trails, and natural areas, including a variety of themed gardens, such as a wildflower meadow, a rose garden, and a children's garden. The garden also features a concert amphitheater, a cafe, and a gift shop. Visitors can explore the grounds on foot or by bike, and guided tours are also available.

Pioneer Park is a large outdoor recreational area located in the heart of the city. It features a variety of activities and attractions, including a large pond, walking trails, picnic areas, playgrounds, and a variety of sports fields. The park also hosts a variety of events throughout the year, including concerts, festivals, and other special events. The park is a popular destination for locals and visitors alike, offering a peaceful and relaxing atmosphere.

Regional Athletic Complex is a multi-sport facility that features a variety of outdoor activities. It includes a large soccer field, a baseball diamond, a softball diamond, a track and field area, and a basketball court. The complex also has a playground, picnic area, and a concession stand. It is a great place for families to get together and enjoy the outdoors.

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Salt Lake City, Utah area median rent change by ZIP Code map

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How does Salt Lake City compare to other cities in Utah ?

citymedian price
Saratoga Springs$2,450
Springville$2,036
Layton$2,195
Draper$1,675
Saint George$1,999
Slc$1,150

Average household income in Salt Lake City area graph - US Census

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The median household income in Salt Lake City in 2021 was $63,156. This represents a 41.9% change from 2011 when the median was $44,501.

#categorypercent
0Less than $10,0006.6%
1$10,000 to $14,9995.4%
2$15,000 to $19,9993.8%
3$20,000 to $24,9993.8%
4$25,000 to $29,9993.8%
5$30,000 to $34,9994.5%
6$35,000 to $39,9994.1%
7$40,000 to $44,9994.2%
8$45,000 to $49,9994.1%
9$50,000 to $59,9997.3%
10$60,000 to $74,99910.2%
11$75,000 to $99,99912.7%
12$100,000 to $124,9999.1%
13$125,000 to $149,9995.9%
14$150,000 to $199,9995.9%
15$200,000 or more8.5%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
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