Brent Pace / Unsplash
City Report · UT

Salt Lake City

Pop. 208,007·39th most expensive in Utah·Rental market data updated monthly for Salt Lake City, UT
Median rent (all units)
$1,629/mo
Year-over-Year
+3.3%
Month-over-Month
+0.6%
vs US Median
-$336
Rising (Monthly)
Be the first to discuss Salt Lake City rents
Most AffordableMost Expensive
Salt Lake City · $1,629
More affordable than 67% of US cities · National median $1,965/mo
Rent Reality Score
73/100
Good value
OverheatedFairGreat value

Rents are 12% below what Salt Lake City's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,629/mo
Expected by trend
$1,842/mo
The Rent Reality Score compares today's median rent to where Salt Lake City's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,208
1 BR
$1,411
2 BR
$1,698
3 BR
$2,280
4 BR+
$2,593
Research median
$1,698/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost
$19,548/yr
At $1,629/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (3.3% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+3.3% YoY, +0.6% MoM), not inventory.
Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Salt Lake City, UT is roughly split between renters and owners, skews toward younger working-age adults, 51.5% of residents hold a bachelor's degree or higher.

Population
208,007
Median income
$75,090
Median age
32.9
Renters
54.2%
Age distribution
16.4%
37.3%
24.8%
12.5%
Under 1816.4%
18–3437.3%
35–5424.8%
55–649%
65+12.5%
Gender
51.7%
48.3%
Male51.7%
Female48.3%
Race & ethnicity
69.5%
20.8%
White69.5%
Black2.6%
Hispanic20.8%
Asian5%
Other2.1%
Education (25+)
16.8%
23.9%
51.5%
No HS diploma7.9%
HS diploma16.8%
Some college23.9%
Bachelor's+51.5%
Housing tenure
45.8%
54.2%
Owner45.8%
Renter54.2%

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

2021 vs 2026

How Salt Lake City, UT has changed in 5 years

Rent
$1,326 → $1,629
up 22.9%
Income
$65,880 → $75,090
up 14.0%
Population
199,153 → 208,007
up 4.4%
Renter share
51.7% → 54.2%
+2.5 pts
Bachelor's+
49.8% → 51.5%
+1.7 pts
Median age
32.4 → 32.9
+0.5 yrs

Across the past five years, the going rent in Salt Lake City, UT has shifted from $1,326 to $1,629, up 22.9% since 2021. On the earnings side, the typical household in Salt Lake City, UT now reports about $75,090, up from $65,880 in 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show Salt Lake City, UT adding about 8,854 residents over the five-year window, up 4.4% on net. The renter share has risen from 51.7% to 54.2%, with owner-occupied housing accounting for the remainder. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and Salt Lake City, UT reflects that arc in its own way.

Community

Discussions about Salt Lake City

No discussions yet. Start the conversation.

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

Can you afford rent in Salt Lake City on your salary?

At $1,629/mo, how Salt Lake City rent compares to typical pay (30% rule).

By apartment size

Salt Lake City rent by bedroom count

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

Local insights

Tips for renters in Salt Lake City

About renting in Salt Lake City, UT

Last updated: July 20, 2026

The median rent in Salt Lake City is $1,629/mo as of July 2026. A studio apartment averages $1,208/mo while a 2-bedroom runs $1,698/mo. One-bedroom apartments average $1,411/mo and 3-bedroom units go for $2,280/mo.

At 26% of local median household income ($75,090/yr), Salt Lake City ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.3% over the past year.

FAQ

Frequently asked questions

Is Salt Lake City an affordable city for renters?

Salt Lake City is considered affordable for renters. At $1,629/mo, rent takes approximately 26% of the local median household income ($75,090/yr). The standard benchmark is 30%. Salt Lake City falls comfortably within that range.

How much income do you need to rent in Salt Lake City?

To keep rent at or below 30% of gross income, you would need to earn at least $65,000/year (~$31/hour full-time) to afford the median rent of $1,629/mo in Salt Lake City. The local median household income is $75,090/yr, meaning the typical Salt Lake City household meets that threshold.

Is rent going up or down in Salt Lake City?

Rent in Salt Lake City has increased 3.3% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Salt Lake City neighborhoods have the lowest rent?

The most affordable ZIP codes in Salt Lake City are 84116 ($1,318/mo), 84102 ($1,516/mo), and 84104 ($1,573/mo). Citywide, the median rent in Salt Lake City is $1,629/mo.

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

Salt Lake City is one of the more affordable cities in Utah for rent, ranking #39 out of 56 tracked cities at $1,629/mo.

Which nearby cities are cheaper to rent in than Salt Lake City?

Several nearby cities have lower median rents than Salt Lake City ($1,629/mo): Murray ($1,461/mo), South Salt Lake ($1,541/mo).

What percentage of Salt Lake City residents rent vs. own?

According to Census data, approximately 54.2% of Salt Lake City households are renters, while 45.8% are owner-occupied. With a majority renter population, Salt Lake City has a strong rental market.

How does Salt Lake City rent compare to the national average?

Salt Lake City's median rent of $1,629/mo is $336 (17%) below the US national median of $1,965/mo. Within Utah, it ranks #39 out of 56 tracked cities.
Income Affordability
26%
AFFORDABLE

At $1,629/mo, rent takes ~26% of Salt Lake City's median household income ($75,090/yr). The standard benchmark is 30%.

Salt Lake City 26%Benchmark 30%
State income tax4.55%
Run the Salt Lake City affordability calculator →
Lowest-rent ZIP codes in Salt Lake City
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Salt Lake City, UT

Recent submissions

Be the first to submit your rent for Salt Lake City.

Recent discussions

No discussions yet.