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ZIP Code · UT

ZIP 84116

Pop. 38,625·Salt Lake County·78th most expensive ZIP in Utah
Median rent (all units)
$1,318/mo
Year-over-Year
+5.2%
Month-over-Month
-1.5%
vs US Median
-$647
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 84116 · $1,318
More affordable than 86% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,120
1 BR
$1,310
2 BR
$1,580
3 BR
$2,120
4 BR+
$2,410
Research median
$1,580/mo

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

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$15,816/yr
At $1,318/mo median
Location
StateUT
CountySalt Lake County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (5.2% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+5.2% YoY, -1.5% MoM), not inventory.
Demographics

Who lives here

ZIP 84116 (Salt Lake City, UT) is roughly split between renters and owners, 25% of residents hold a bachelor's degree or higher.

Population
38,625
Median income
$66,751
Median age
32.4
Renters
49.1%
Age distribution
24%
30%
26.4%
Under 1824%
18–3430%
35–5426.4%
55–649.4%
65+10.1%
Gender
53.2%
46.8%
Male53.2%
Female46.8%
Race & ethnicity
42.2%
43.2%
White42.2%
Black3%
Hispanic43.2%
Asian6.9%
Other4.7%
Education (25+)
16.3%
30.2%
28.5%
25%
No HS diploma16.3%
HS diploma30.2%
Some college28.5%
Bachelor's+25%
Housing tenure
50.9%
49.1%
Owner50.9%
Renter49.1%

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

2021 vs 2026

How ZIP 84116 in Salt Lake City, UT has changed in 5 years

Rent
$1,012 → $1,318
up 30.2%
Income
$56,934 → $66,751
up 17.2%
Population
35,111 → 38,625
up 10.0%
Renter share
42.1% → 49.1%
+7.0 pts
Bachelor's+
24% → 25%
+1.0 pts
Median age
30.7 → 32.4
+1.7 yrs

Rent in ZIP 84116 in Salt Lake City, UT has increased 30.2% since 2021, going from about $1,012 per month to roughly $1,318 today. Local incomes tracked alongside that move, going from a median of $56,934 in 2021 to $66,751 more recently. Rent outpaced income growth by roughly 13.0 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 35,111 to 38,625 between 2021 and 2024, a 10.0% change. About 49.1% of households rent today, against 42.1% in 2021. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 84116 in Salt Lake City, UT market of 2021.

Community

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Local insights

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About renting in ZIP 84116

Last updated: July 20, 2026

ZIP code 84116 covers Salt Lake City, UT. The median rent here is $1,318/mo as of July 2026. A 1-bedroom rents for a median of $1,310/mo. A 2-bedroom rents for a median of $1,580/mo.

At 24% of local median household income ($66,751/yr), ZIP 84116 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.2% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 84116?

As of July 20, 2026, the median monthly rent in ZIP 84116 (Salt Lake City, UT) is $1,318. This is based on aggregated data from public sources and community submissions.

How does ZIP 84116 rent compare to the US average?

ZIP 84116's median rent of $1,318/mo is $647 (33%) below the US national median of $1,965/mo.

How does ZIP 84116 compare to other ZIPs in Utah?

ZIP 84116 is among the more affordable ZIP codes in Utah, ranking #78 out of 79 ZIPs at $1,318/mo.

How much income do you need to rent in ZIP 84116?

To keep rent at or below 30% of gross income, you would need to earn at least $53,000/year (~$25/hour full-time) to afford the median rent of $1,318/mo in ZIP 84116. The local median household income is $66,751/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 84116?

Rent in ZIP 84116 has increased 5.2% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 84116 an affordable place to rent?

ZIP 84116 is considered very affordable for renters. At $1,318/mo, rent takes approximately 24% of the local median household income ($66,751/yr). The standard benchmark is 30%. ZIP 84116 falls comfortably within that range.

What percentage of ZIP 84116 residents rent vs. own?

According to Census data, approximately 49.1% of ZIP 84116 households are renters, while 50.9% are owner-occupied. ZIP 84116 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 84116 compare to the rest of Salt Lake City?

ZIP 84116 is more affordable than Salt Lake City overall. At $1,318/mo, it's $311 below the Salt Lake City citywide median of $1,629/mo.

When was rent data for ZIP 84116 last updated?

Rent data for ZIP 84116 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
24%
VERY AFFORDABLE

At $1,318/mo, rent takes ~24% of ZIP 84116's median household income ($66,751/yr). The standard benchmark is 30%.

ZIP 84116 24%Benchmark 30%
State income tax4.55%
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