Salt Lake City Rents Increase Sharply Over The Past Month

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Salt Lake City Rents Increase Sharply Over The Past Month

Salt Lake City rents increased 1.5 percent over the past month, and have increased sharply by 18.0 percent in comparison to the same time last year, according to the most recent report from Apartment List.

Currently, median rents in Salt Lake City stand at $1,082 for a one-bedroom apartment and $1,383 for a two-bedroom.

This is the tenth straight month that Salt Lake City rents increased after a decline in December of last year.

Salt Lake City’s year-over-year rent growth lags the state average of 19.3 percent, but exceeds the national average of 15.8 percent.

 West Valley City rents also up sharply over the past month

West Valley City rents have increased 2.6 percent over the past month, and have increased sharply by 26.5 percent in comparison to the same time last year.

Currently, median rents in West Valley City stand at $1,315 for a one-bedroom apartment and $1,550 for a two-bedroom.

West Valley City Utah rents increase

West Jordan rents also increase

West Jordan rents have increased 1.4 percent over the past month, and are up sharply by 24.6 percent in comparison to the same time last year.

Currently, median rents in West Jordan stand at $1,403 for a one-bedroom apartment and $1,709 for a two-bedroom.

West Jordan Utah rent increases

Salt Lake City rents increase sharply over the past month