Saratoga Springs, Utah Rental Market Trends

Disclaimer:

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

Median Rent Nov 2021 Mar 2022 Jul 2022 Nov 2022 Mar 2023 Jul 2023 Nov 2023 Mar 2024 Jul 2024 Nov 2024
Saratoga Springs $1,560 $1,572 $1,627 $1,658 $1,603 $1,633 $1,661 $1,666 $1,611 $1,606
National $1,596 $1,635 $1,708 $1,726 $1,714 $1,739 $1,733 $1,727 $1,752 $1,748
Saratoga Springs
National
Nov 2021
$1,560
$1,596
Mar 2022
$1,572
$1,635
Jul 2022
$1,627
$1,708
Nov 2022
$1,658
$1,726
Mar 2023
$1,603
$1,714
Jul 2023
$1,633
$1,739
Nov 2023
$1,661
$1,733
Mar 2024
$1,666
$1,727
Jul 2024
$1,611
$1,752
Nov 2024
$1,606
$1,748

Saratoga Springs, Utah Average Apartment Rent

Saratoga Springs, Utah Apartment rent ranges

Under $500
$500 - $700
$700 - $1000
$1,000 - $1,500
$1,500 - $2,000
Over $2,000

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**

Renter occupied housing units 1,567
Owner occupied housing units 8,149

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**

1 bed 33
2 beds 315
3 beds 556
4 beds 374
5 or more beds 289

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**

15 - 24 years 141
25 - 34 years 562
35 - 44 years 416
45 - 54 years 213
55 - 59 years 107
60 - 64 years 35
65 - 74 years 75
75 - 84 years 18

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**

Family households 1,260
Non-Family Households 307

Saratoga Springs, Utah Renter-occupied housing units by the presence of own children**

With related children of the householder under 18 1,064
No related children of the householder under 18 503

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**

Less than high school graduate 46
High school graduate (including equivalency) 204
Some college or associate's degree 601
Bachelor's degree or higher 716

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**

Built 2020 or later 107
Built 2010 - 2019 480
Built 2000 - 2009 799
Built 1990 - 1999 143
Built 1939 or earlier 32

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**

Moved in 2021 or later 340
Moved in 2018 to 2020 672
Moved in 2010 to 2017 529
Moved in 2000 to 2009 26

Saratoga Springs, Utah Renter-occupied housing units by vehicles available**

No vehicle available 35
1 vehicle available 430
2 vehicles available 834
3 vehicles available 169
4 or more vehicles available 99

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**

Car, truck, or van - drove alone 1,676
Car, truck, or van - carpooled 99
Walked 26
Worked at home 385

Saratoga Springs, Utah Geographical mobility in the past year for householders living in renter-occupied housing units**

Same house as 1 year ago 3,399
Moved within same county 1,113
Moved from different county within same state 613
Moved from different state 485

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

Check out rentals available in Saratoga Springs, Utah