City Report · UT

Park City

Pop. 8,362·1st most expensive in Utah·Park City rents are up 10.8% over the past year
Median rent (all units)
$3,528/mo
Year-over-Year
+10.8%
Month-over-Month
-9.3%
vs US Median
+$1,566
Falling (Monthly)
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Most AffordableMost Expensive
Park City · $3,528
More expensive than 96% of US cities · National median $1,962/mo
Affordability
32% of income
MODERATE
0%30% benchmark60%+

At $3,528/mo, rent takes about 32% of the local median household income, slightly above the 30% benchmark.

Income to afford
$141,000/yr
Local median income
$133,558/yr
Based on the 30%-of-income rule using Park City's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,625
1 BR
$1,655
2 BR
$2,030
3 BR
$2,685
4 BR+
$2,790
Fair Market Rent (HUD)
$2,030/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $3,528 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
$42,336/yr
At $3,528/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 10.8% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+10.8% YoY, -9.3% MoM), not inventory.
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Demographics

Who lives here

Park City, UT is majority owner-occupied, has a large retiree population, has a median income above the national average, 67.2% of residents hold a bachelor's degree or higher.

Population
8,362
Median income
$133,558
Median age
48.2
Renters
25.4%
Age distribution
16.7%
18.8%
23.6%
19.3%
21.6%
Under 1816.7%
18–3418.8%
35–5423.6%
55–6419.3%
65+21.6%
Gender
49.7%
50.3%
Male49.7%
Female50.3%
Race & ethnicity
77.7%
14.8%
White77.7%
Black0.8%
Hispanic14.8%
Asian2.3%
Other4.5%
Education (25+)
16.9%
67.2%
No HS diploma4%
HS diploma12%
Some college16.9%
Bachelor's+67.2%
Housing tenure
74.6%
25.4%
Owner74.6%
Renter25.4%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2023 vs 2026

How Park City, UT has changed in 5 years

Rent
$3,110 → $3,528
up 13.4%
Income
$121,701 → $133,558
up 9.7%
Population
8,352 → 8,362
up 0.1%
Renter share
28.1% → 25.4%
-2.7 pts
Bachelor's+
66.5% → 67.2%
+0.7 pts
Median age
41.1 → 48.2
+7.1 yrs

Compared with 2023, rent in Park City, UT has increased by $418 per month, settling near $3,528 after starting the period at $3,110. Local incomes tracked alongside that move, going from a median of $121,701 in 2021 to $133,558 more recently. Rent outpaced income growth by roughly 3.7 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. About 25.4% of households rent today, against 28.1% in 2021. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the Park City, UT market of 2023.

Community

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View Park City rent history (2015–2026) →
Salary vs rent

Can you afford rent in Park City on your salary?

At $3,528/mo, how Park City rent compares to typical pay (30% rule).

By apartment size

Park City rent by bedroom count

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

Local insights

Tips for renters in Park City

About renting in Park City, UT

Last updated: August 17, 2026

The median rent in Park City is $3,528/mo as of August 2026. A studio apartment averages $1,625/mo while a 2-bedroom runs $2,030/mo. One-bedroom apartments average $1,655/mo and 3-bedroom units go for $2,685/mo.

At 32% of local median household income ($133,558/yr), Park City ranks as moderate compared to the national benchmark of 30%. Rents have increased 10.8% over the past year.

FAQ

Frequently asked questions

Is Park City an affordable city for renters?

Park City is considered moderate for renters. At $3,528/mo, rent takes approximately 32% of the local median household income ($133,558/yr). The standard benchmark is 30%. Park City slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Park City?

To keep rent at or below 30% of gross income, you would need to earn at least $141,000/year (~$68/hour full-time) to afford the median rent of $3,528/mo in Park City. The local median household income is $133,558/yr, meaning the typical Park City household falls short of that threshold.

Is rent going up or down in Park City?

Rent in Park City has increased 10.8% over the past year as of August 2026, putting upward pressure on renter budgets.

Which Park City neighborhoods have the lowest rent?

The most affordable ZIP codes in Park City are 84060 ($3,005/mo), and 84098 ($3,651/mo). Citywide, the median rent in Park City is $3,528/mo.

How does Park City rent compare to other cities in Utah?

Park City is one of the pricier cities in Utah for rent, ranking #1 out of 54 tracked cities at $3,528/mo.

Which nearby cities are cheaper to rent in than Park City?

Several nearby cities have lower median rents than Park City ($3,528/mo): Millcreek ($1,526/mo), American Fork ($1,681/mo), Cottonwood Heights ($1,721/mo).

What percentage of Park City residents rent vs. own?

According to Census data, approximately 25.4% of Park City households are renters, while 74.6% are owner-occupied. Park City leans toward homeownership, which can mean a smaller rental inventory.

How does Park City rent compare to the national average?

Park City's median rent of $3,528/mo is $1,566 (80%) above the US national median of $1,962/mo. Within Utah, it ranks #1 out of 54 tracked cities.
Income Affordability
32%
MODERATE

At $3,528/mo, rent takes ~32% of Park City's median household income ($133,558/yr). The standard benchmark is 30%.

Park City 32%Benchmark 30%
State income tax4.55%
Run the Park City affordability calculator →
Lowest-rent ZIP codes in Park City
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Park City, UT

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