Salt Lake City rents have increased 0.1 percent over the past month, and are up slightly by 1.9 percent year-over-year according to the latest report from Apartment List.
Currently, median rents in the city stand at $879 for a one-bedroom apartment and $1,090 for a two-bedroom.
Salt Lake City’s year-over-year rent growth lags the state average of 2.1 percent, but exceeds the national average of 1.6 percent.
Salt Lake City rents more affordable than many large cities nationwide
As rents have increased slightly in Salt Lake City, a few large cities nationwide have also seen rental income grow modestly. Salt Lake City is still more affordable than most large cities across the country.
- Salt Lake City’s median two-bedroom rent of $1,090 is below the national average of $1,193. Nationwide, rents have grown by 1.6 percent over the past year compared to the 1.9 percent rise in Salt Lake City.
- While Salt Lake City’s rents rose slightly over the past year, many cities nationwide also saw increases, including Phoenix (+3.7 percent), Dallas (+2.4 percent), and Seattle (+1.8 percent).
Ogden rents increased slightly over the past month
Ogden rents have increased 0.2 percent over the past month, and have increased slightly by 1.3 percent in comparison to the same time last year.
Currently, median rents in Ogden stand at $697 for a one-bedroom apartment and $893 for a two-bedroom. Ogden’s year-over-year rent growth lags the state average of 2.1%, as well as the national average of 1.6%.