The median rent in Salt Lake City rose by 0.4% over the course of March, as Salt Lake City rent growth in 2024 is pacing similar to last year, according to the Apartment List April report.
However overall rents in the city are down 2.7% year-over-year and are 12.1% lower than the metro-wide median.
Across the metro, the median rent is $1,492 meaning that the median price in the city proper ($1,312) is 12.1% lower than the price across the metro as a whole. Metro-wide annual rent growth stands at -2.2%, above the rate of rent growth within just the city.
The table below shows the latest rent stats for 9 cities in the Salt Lake City metro area that are included in the Apartment List database.
Among them, Draper is currently the most expensive, with a median rent of $1,904. South Salt Lake is the metro’s most affordable city, with a median rent of $1,256. The metro’s fastest annual rent growth is occurring in West Valley City (2.5%) while the slowest is in South Salt Lake (-7.9%).
