Rental market snapshot for Downtown, Salt Lake City

Downtown rental market summary

The rental market in Downtown, Utah is showing signs of growth. In July 2023, there were 82 new listings, indicating an increase in the availability of rental properties. The median rent for July 2023 was $1,600, which is 11.3% lower than the median rent in June 2023. This suggests that rental prices are becoming more affordable in the area. Furthermore, the median rent in July 2023 was 17.6% lower than the median rent in July 2022, indicating that the rental market in Downtown, Utah is becoming increasingly competitive.

Overall, the rental market in Downtown, Utah is showing signs of improvement. With more new listings and lower rental prices, it is becoming a more attractive option for renters. This is good news for those looking for a place to live in the area, as they can find more affordable options and have more options to choose from.

Median rent for all residential properties in Downtown

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The most expensive listings and top trending buildings in Downtown

Most Expensive Listings

AddressRent PriceBed / Bath
111 S 300 W$3,4002 / 2.0
48 W Broadway$3,4002 / 2.0
160 S 300 W$2,9752 / 2.0
505 W 100 S$2,8653 / 2.0
160 S 300 W$2,3402 / 2.0

Top Trending Buildings

building nameavg rent price
Greystar*$1,990
PEG Property Group$1,850
AMC$1,572
Cowboy Properties Inc.$1,503

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Bedroom Breakdown in Downtown

Studio
$1,391
MEDIAN RENT
1 Bedroom
$1,549
MEDIAN RENT
2 Bedroom
$2,051
MEDIAN RENT

Downtown neighborhood apartments rents

The rental market for studios in Downtown, Utah is showing signs of improvement in July 2023. There are 15 new studio listings, and the median rent has decreased by 8.2% from June 2023 to July 2023, from $1,515 to $1,391. This indicates that the rental market is becoming more competitive, and renters may be able to find better deals on studios in Downtown, Utah.

The rental market for 1-bedroom apartments in Downtown, Utah is showing signs of growth. In July 2023, there were 7 new 1-bedroom listings, indicating an increase in demand for these types of apartments. The median rent for 1-bedroom apartments in July 2023 was $1,549, which is a 7.5% 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 Downtown, Utah is looking positive.

The rental market for 2-bedroom apartments in Downtown, Utah is relatively stable. In July 2023, there were 7 new 2-bedroom listings, and the median rent for 2-bedroom apartments was $2,051, which is a decrease of .9% from the median rent in June 2023. This indicates that the rental market is not experiencing any significant changes in the short-term.

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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.

As of 2023-07-31, the median rent in Downtown is $1,600.
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