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12-month history
Last updated: October 17, 2026
What the numbers show
January. Asking rents in ZIP 84043 usually run 1.4% below trend in January and 1.3% above it in June, about $61 a month apart at today's median. Based on 6 years of data.
Rent in ZIP 84043 is at its highest level since Zillow's records here began in January 2019.
Rent in ZIP 84043 changed +4.5% over the year to September 2026. Across the 66 Utah ZIP codes Zillow tracks, the typical change was +1.3%.
From 2019 to 2024, rent in ZIP 84043 rose 36.3% while median household income rose 36.4% ($95,200 to $129,852). Income kept ahead of rent.
Rent in ZIP 84043 is 41.5% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 8 months in a row, and rose in 10 of the last 12 months.
30% of the median household income ($129,852) is $3,246 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($3,090).
ZIP 84020, 6 miles away, rents for 25% less ($1,700/mo), about $6,600 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 84043. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Who lives here
ZIP 84043 (Lehi, UT) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 50.4% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 84043 in Lehi, UT has changed in 5 years
Five years ago, renters in ZIP 84043 in Lehi, UT paid around $1,753 a month. That figure now sits near $2,252, up 28.5% from the 2021 baseline. Census figures show median household income at $129,852 today, compared with $108,515 five years earlier. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 84043 in Lehi, UT adding about 14,289 residents over the five-year window, up 19.3% on net. The renter share has risen from 20.7% to 24.8%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 47.3% to 50.4% across the same window. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.
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Tips for renters in ZIP 84043
Last updated: October 17, 2026
ZIP code 84043 covers Lehi, UT. The median rent here is $2,252/mo as of October 2026. A 1-bedroom rents for a median of $1,590/mo. A 2-bedroom rents for a median of $1,840/mo.
At 21% of local median household income ($129,852/yr), ZIP 84043 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.5% over the past year.
Frequently asked questions
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How does ZIP 84043 compare to other ZIPs in Utah?
How does ZIP 84043 compare to the rest of Lehi?
At $2,252/mo, rent takes ~21% of ZIP 84043's median household income ($129,852/yr). The standard benchmark is 30%.
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