Salt Lake City Utah rents rose by 0.9% over the course of January, according to the February report from Apartment List.
While January saw an increase in rents, the city has seen rents decrease by a total of 0.8% over the past 12 months. Salt Lake City’s rent growth over the past year has outpaced the state average (-2.2%) and is similar to the national average (-1.0%).
Salt Lake City rents are 11.1% lower than the metro-wide median
Utah rents across the metro area, the median rent is $1,489 meaning that the median price in Salt Lake City proper ($1,324) is 11.1% lower than the price across the metro as a whole.
Metro-wide annual rent growth stands at -2.6%, below the rate of rent growth within just the city.
The table below shows the latest rent stats for 8 cities in the Salt Lake City, Utah metro area that are included in our database. Among them, Draper is currently the most expensive, with a median rent of $1,889. Salt Lake City is the metro’s most affordable city, with a median rent of $1,324. The metro’s fastest annual rent growth is occurring in Draper (0.7%) while the slowest is in Murray (-6.1%).
