Magna, Utah Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Magna, Utah rental market.
Magna, Utah
Average Apartment Rent
$1,659
Y-o-Y Change in Average
Apartment Rent
0.3%
As of March 2026
Compared to a year ago, Magna, Utah apartments have recorded a 0.3% rent increase.
Magna, Utah Average apartment rent trend
Magna, Utah Average Apartment Rent
Magna, Utah Apartment rent ranges
At 56.12%, apartments priced $1,500 - $2,000 represent the bulk of Magna, Utah rentals, while condos priced $2,000 - $2,500 hold the lowest share of the market – 16.49%.
Magna, Utah Housing tenure**
Renters take up 20% of Magna, Utah real estate, occupying a total of 1,722 units, while homeowners live in 7,016 properties.
Median number of rooms of renter-occupied housing units**
4.9
Renter median household income**
$50,750
Average household size of renter-occupied housing units**
3.25
Rental vacancy rate**
1.9%
Magna, Utah Renter-occupied housing units by no. of bedrooms**
There are 547 rentals in Magna, Utah with 3 beds making up the highest share of the market, at 32%. Units with No bedrooms, on the other hand, hold the lowest percentage (2%), amounting to 31 units. Overall, the median number of rooms in Magna, Utah homes for rent is 4.9.
Magna, Utah Renter-occupied units by age of householder**
Most condos for rent in Magna, Utah are occupied by residents in the 35 - 44 years age group (27%), followed by those in the 55 - 59 years age group (19%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 2%.
Magna, Utah Renter-occupied housing units by family type**
Magna, Utah Renter-occupied housing units by the presence of own children**
A total of 1,068 apartments for rent in Magna, Utah, or 62% of all rentals are family households. Additionally, 51% of rental homes include children under the age of 18 – that’s 877 units. All in all, the median size of a renter-occupied household in Magna, Utah is 3.25.
Magna, Utah Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 13% of the rental market. In contrast, residents with less than a high school degree reside in 24% of the homes for rent in Magna, Utah.
Magna, Utah Renter-occupied units by year structure built**
The highest share of Magna, Utah apartment rentals, namely 27% or 465 units, were Built 2010 - 2019, followed by those Built 1970 - 1979 (18%, 318 units), and the ones Built 1990 - 1999 (17%, 289 units).
Magna, Utah Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Magna, Utah renters (38%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Magna, Utah condos for rent is 2018.
Magna, Utah Renter-occupied housing units by vehicles available**
When it comes to transportation options, 37% of Magna, Utah renters have 2 vehicles available per household, 35% of them have 1 vehicle available, and 10% have No vehicle available.
Magna, Utah Means of transportation to work of householders living in renter-occupied housing units**
Magna, Utah Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Magna, Utah apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
