Rental market snapshot for Central City, Salt Lake City
Central City rental market summary
The rental market in Central City, Utah is showing signs of growth. In July 2023, there were 264 new listings, a significant increase from the previous month. The median rent for the same period was $1,545, a 3.4% decrease from the previous month. However, when compared to the same period in 2022, the median rent has increased by 17.7%. This indicates that the rental market in Central City is becoming increasingly competitive, with more people looking to rent in the area.
Overall, the rental market in Central City is on the rise. With more people looking to rent in the area, the demand for rental properties is increasing. This is driving up the median rent, making it more expensive for renters. However, the increase in new listings suggests that there is still a good supply of rental properties in the area, allowing renters to find a suitable home.
Median rent for all residential properties in Central City
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The most expensive listings and top trending buildings in Central City
Most Expensive Listings
Address | Rent Price | Bed / Bath |
---|---|---|
660 S 500 E | $3,800 | 4 / 2.0 |
150 S 200 E | $3,526 | 2 / 2.5 |
150 S 200 E | $3,439 | 2 / 2.5 |
201 E South Temple | $2,906 | 2 / 2.0 |
33 S 600 E | $2,650 | 2 / 2.0 |
Top Trending Buildings
building name | avg rent price |
---|---|
Greystar* | $1,817 |
Cottonwood Residential | $1,690 |
Redstone Conventional | $1,672 |
Cowboy Properties Inc. | $1,589 |
Weidner Apartment Homes | $1,580 |
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Bedroom Breakdown in Central City
Central City neighborhood apartments rents
The rental market for studios in Central City, Utah is showing signs of stability. In July 2023, there were 12 new studio listings, and the median rent for studios remained relatively unchanged from June 2023, decreasing by only 1.4%. This suggests that the rental market for studios in Central City is stable and that renters can expect to find affordable housing options in the area.
The rental market for 1-bedroom apartments in Central City, Utah is showing signs of growth. In July 2023, there were 32 new 1-bedroom listings, indicating an increase in demand for rental units. The median rent for 1-bedroom apartments in July 2023 was $1,547, a 3.3% decrease from the median rent in June 2023. This suggests that the rental market is becoming more competitive, with landlords offering lower prices to attract tenants. Overall, the rental market for 1-bedroom apartments in Central City, Utah appears to be on the rise.
The rental market for 2-bedroom apartments in Central City, Utah is showing signs of growth. In July 2023, there were 26 new 2-bedroom listings, which is a significant increase from the previous month. The median rent for 2-bedroom apartments in July 2023 was $2,314, which is a 2.3% decrease from the median rent in June 2023. This suggests that the rental market is becoming more competitive, with landlords offering lower prices to attract tenants. Overall, the rental market for 2-bedroom apartments in Central City, Utah is looking positive.