Saratoga Springs, 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 Saratoga Springs, Utah rental market.
Saratoga Springs, Utah
Average Apartment Rent
$1,606
Y-o-Y Change in Average
Apartment Rent
-3.3%
As of November 2024
Compared to a year ago, Saratoga Springs, Utah apartments have recorded a -3.3% rent decrease.
Saratoga Springs, Utah Average apartment rent trend
Saratoga Springs, Utah Average Apartment Rent
Saratoga Springs, Utah Apartment rent ranges
At 63.96%, apartments priced $1,500 - $2,000 represent the bulk of Saratoga Springs, Utah rentals, while condos priced Over $2,000 hold the lowest share of the market – 1.12%.
Saratoga Springs, Utah Housing tenure**
Renters take up 16% of Saratoga Springs, Utah real estate, occupying a total of 1,567 units, while homeowners live in 8,149 properties.
Median number of rooms of renter-occupied housing units**
6.1
Renter median household income**
$76,351
Average household size of renter-occupied housing units**
3.71
Rental vacancy rate**
2.2%
Saratoga Springs, Utah Renter-occupied housing units by no. of bedrooms**
There are 556 rentals in Saratoga Springs, Utah with 3 beds making up the highest share of the market, at 35%. Units with 1 bed, on the other hand, hold the lowest percentage (2%), amounting to 33 units. Overall, the median number of rooms in Saratoga Springs, Utah homes for rent is 6.1.
Saratoga Springs, Utah Renter-occupied units by age of householder**
Most condos for rent in Saratoga Springs, Utah are occupied by residents in the 25 - 34 years age group (36%), followed by those in the 35 - 44 years age group (27%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 1%.
Saratoga Springs, Utah Renter-occupied housing units by family type**
Saratoga Springs, Utah Renter-occupied housing units by the presence of own children**
A total of 1,260 apartments for rent in Saratoga Springs, Utah, or 80% of all rentals are family households. Additionally, 68% of rental homes include children under the age of 18 – that’s 1,064 units. All in all, the median size of a renter-occupied household in Saratoga Springs, Utah is 3.71.
Saratoga Springs, Utah Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 46% of the rental market. In contrast, residents with less than a high school degree reside in 3% of the homes for rent in Saratoga Springs, Utah.
Saratoga Springs, Utah Renter-occupied units by year structure built**
The highest share of Saratoga Springs, Utah apartment rentals, namely 51% or 799 units, were Built 2000 - 2009, followed by those Built 2010 - 2019 (31%, 480 units), and the ones Built 1990 - 1999 (9%, 143 units).
Saratoga Springs, Utah Renter-occupied units by year householder moved in**
Saratoga Springs, Utah Renter-occupied housing units by vehicles available**
When it comes to transportation options, 53% of Saratoga Springs, Utah renters have 2 vehicles available per household, 27% of them have 1 vehicle available, and 11% have 3 vehicles available.
Saratoga Springs, Utah Means of transportation to work of householders living in renter-occupied housing units**
Saratoga Springs, Utah Geographical mobility in the past year for householders living in renter-occupied housing units**
Saratoga Springs, Utah Average apartment rent by zip codes
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 Saratoga Springs, 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