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City Report · UT

Magna

·37th most expensive in Utah·Rental market data updated monthly for Magna, UT
Median rent (all units)
$1,664/mo
Year-over-Year
Stable
Month-over-Month
+0.4%
vs US Median
-$298
Stable (Monthly)
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Most AffordableMost Expensive
Magna · $1,664
More affordable than 65% of US cities · National median $1,962/mo
Affordability
28% of income
AFFORDABLE
0%30% benchmark60%+

At $1,664/mo, rent takes about 28% of the US median household income, comfortably within the 30% benchmark.

Income to afford
$67,000/yr
US median income
$72,000/yr
Based on the 30%-of-income rule using Magna's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,240
1 BR
$1,450
2 BR
$1,750
3 BR
$2,350
4 BR+
$2,670
Fair Market Rent (HUD)
$1,750/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,664 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$19,968/yr
At $1,664/mo median
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+0.0% YoY, +0.4% MoM), not inventory.
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View Magna rent history (2015–2026) →
Salary vs rent

Can you afford rent in Magna on your salary?

At $1,664/mo, how Magna rent compares to typical pay (30% rule).

By apartment size

Magna rent by bedroom count

Median rent for each apartment size in Magna. Click any size for full breakdown.

Local insights

Tips for renters in Magna

About renting in Magna, UT

Last updated: August 17, 2026

The median rent in Magna is $1,664/mo as of August 2026. A studio apartment averages $1,240/mo while a 2-bedroom runs $1,750/mo. One-bedroom apartments average $1,450/mo and 3-bedroom units go for $2,350/mo.

At 28% of estimated US median household income ($72,000/yr), Magna ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Magna an affordable city for renters?

Magna is considered affordable for renters. At $1,664/mo, rent takes approximately 28% of the US median household income ($72,000/yr). The standard benchmark is 30%. Magna falls comfortably within that range.

How much income do you need to rent in Magna?

To keep rent at or below 30% of gross income, you would need to earn at least $67,000/year (~$32/hour full-time) to afford the median rent of $1,664/mo in Magna.

Is rent going up or down in Magna?

Rent in Magna has been relatively stable over the past year, with a 0.0% change year over year as of August 2026.

How does Magna rent compare to other cities in Utah?

Magna is one of the more affordable cities in Utah for rent, ranking #37 out of 54 tracked cities at $1,664/mo.

Which nearby cities are cheaper to rent in than Magna?

West Valley City is nearby and more affordable at $1,553/mo, which is $111 less than Magna.

How does Magna rent compare to the national average?

Magna's median rent of $1,664/mo is $298 (15%) below the US national median of $1,962/mo. Within Utah, it ranks #37 out of 54 tracked cities.
Income Affordability
28%
AFFORDABLE

At $1,664/mo, rent takes ~28% of US median household income ($72,000/yr). The standard benchmark is 30%.

Magna 28%Benchmark 30%
State income tax4.55%
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Magna, UT

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