Salt Lake City rents have increased 2.4 percent over the past month, and have increased sharply by 10.5 percent year-over-year according to the June report from Apartment List.
Median rents in Salt Lake City stand at $1,019 for a one-bedroom apartment and $1,303 for a two-bedroom.
This is the sixth straight month that the city has seen rent increases after a decline in December of last year.
Salt Lake City’s year-over-year rent growth lags the state average of 12.3 percent, but exceeds the national average of 8.4% percent.
West Valley City rents increase sharply over the past month
West Valley City rents have increased 4.9 percent over the past month, and are up sharply by 17.6 percent in comparison to the same time last year.
Currently, median rents in West Valley City stand at $1,222 for a one-bedroom apartment and $1,441 for a two-bedroom.
This is the sixth straight month that the city has seen rent increases after a decline in December of last year.
