Salt Lake City’s average rent reached $1,263 in February, after a 1.7% increase since last year. Renters make up 48% of Salt Lake City’s population. Utah’s capital is a diverse and vibrant place to live in, with apartment rents below the national average of $1,399.
The average rent for an apartment in Salt Lake City increased less than in other surrounding areas since last year. In West Jordan, apartments go for $1,241 after a 4.4% increase, and in West Valley City, rent went up by 5.9%, reaching $1,199.
What it costs to rent in the largest renter hubs in the Salt Lake City area
The city with the largest renter share is Provo (57%), where the average rent is $1,453, after a 2.9% increase, followed by Midvale, where there are 57% renters. Salt Lake City comes in third, with 48% of the population being renters. Clearfield, with an average rent of $1,128, has the fourth largest share of renters (42%) and has experienced a rent increase of 5.9% since February 2020. In Ogden, where 39% of the population are renters, the average rent is $993, registering an increase of 3.4% compared to last year.
The priciest and cheapest cities for renters in the Salt Lake City area
Provo is the priciest city for renters in the Salt Lake City area, with apartments going for $1,453 per month. The average rent for apartments in South Jordan is $1,389, the second most expensive, while Herriman ($1,376) comes in third.
For renters in search of budget-friendly apartments, Ogden’s $993 average rent is the cheapest in the Salt Lake City area, followed by Taylorsville’s $1,038 rate. Clearfield rentals are the third least pricey on the list, with a $1,128 average apartment rate.