Salt Lake City, UT Rental Market
Salt Lake City is the anchor of "Silicon Slopes" — Utah's booming technology corridor that has attracted major offices from Adobe, Twitter, Amazon, and dozens of homegrown unicorn startups. As the headquarters of The Church of Jesus Christ of Latter-day Saints, a major regional healthcare hub through Intermountain Health, and a gateway to world-class ski resorts within 30 minutes of the city center, Salt Lake City draws a diverse, educated workforce that sustains strong rental demand across all price points.
Get a rent estimate for an address in Salt Lake CityAverage Rent in Salt Lake City, UT
$1,480
per month · 2026-06
Market Score
Key Facts — Salt Lake City, UT Rental Market
- Average rent in Salt Lake City, UT:$1,480/mo
- Median rent:$1,362/mo
- Rent range:$750 – $3,250/mo
- Most common rental (2 bedrooms):$1,300/mo
- Active listings:1,800
- Avg days to lease:28 days
- Year-over-year change:+2.8%
- Median home value:$380,000
- Est. gross annual yield:4.7%
- Data as of:2026-06
Rent by Bedroom in Salt Lake City, UT
Average monthly rent for each bedroom type based on current active listings in Salt Lake City.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $1,075/mo |
2 Bedrooms | $1,300/mo |
3 Bedrooms | $1,650/mo |
4 Bedrooms | $2,050/mo |
5 Bedrooms | $2,350/mo |
Salt Lake City Rental Market Statistics
Key indicators from the current Salt Lake City, UT rental market.
1,800
Available now in Salt Lake City
28
From list to lease
$1.14
Average across listings
1,300 sq ft
Typical rental size
$750 – $3,250
Min to max active listings
+2.8%
Avg rent vs. prior year
Investing in Salt Lake City, UT Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$380,000
Typical purchase price in Salt Lake City
Est. Gross Annual Yield
4.7%
Before expenses & vacancy
Avg Monthly Income
$1,480
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Salt Lake City for a full cash-flow breakdown including all costs.
Salt Lake City, UT Rental Market FAQ
Common questions about renting and investing in Salt Lake City, UT.
What is the average rent in Salt Lake City, UT?
The average rent in Salt Lake City, UT is $1,480 per month as of 2026. One-bedroom apartments average $1,075/mo, two-bedrooms average $1,300/mo, and three-bedroom homes average $1,650/mo. Sugar House, Capitol Hill, and the 9th and 9th neighborhood command premiums, while the west side and neighborhoods along North Temple offer more affordable options.
Is Salt Lake City, UT a good place to invest in rental property?
Salt Lake City offers a 4.7% estimated gross yield supported by the Silicon Slopes tech economy, Intermountain Health's major employment hub, and the University of Utah's 35,000+ students. Utah has one of the youngest and fastest-growing populations in the US, ensuring a steady pipeline of new renters. The city's outdoor recreation premium — 10 world-class ski resorts within an hour — attracts and retains high-income residents.
How competitive is the Salt Lake City, UT rental market?
Salt Lake City has approximately 1,800 active listings and averages 28 days on market — a well-balanced, competitive environment. Properties near the University of Utah Research Park, downtown, and the Sugar House neighborhood move fastest. Tech worker demand from Silicon Slopes companies has added consistent pressure on the downtown and east-side rental market since 2020, keeping well-priced units moving quickly.
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