South Salt Lake, 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 South Salt Lake, Utah rental market.
South Salt Lake, Utah
Average Apartment Rent
$1,531
Y-o-Y Change in Average
Apartment Rent
0%
As of November 2024
Compared to a year ago, South Salt Lake, Utah apartments have recorded a 0% rent increase.
South Salt Lake, Utah Average apartment rent trend
South Salt Lake, Utah Average Apartment Rent
South Salt Lake, Utah Apartment rent ranges
At 47.05%, apartments priced $1,000 - $1,500 represent the bulk of South Salt Lake, Utah rentals, while condos priced Under $500 hold the lowest share of the market – 0.05%.
South Salt Lake, Utah Housing tenure**
Renters take up 61% of South Salt Lake, Utah real estate, occupying a total of 6,439 units, while homeowners live in 4,161 properties.
Median number of rooms of renter-occupied housing units**
3.8
Renter median household income**
$48,435
Average household size of renter-occupied housing units**
2.43
Rental vacancy rate**
7.1%
South Salt Lake, Utah Renter-occupied housing units by no. of bedrooms**
There are 2,574 rentals in South Salt Lake, Utah with 2 beds making up the highest share of the market, at 40%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 51 units. Overall, the median number of rooms in South Salt Lake, Utah homes for rent is 3.8.
South Salt Lake, Utah Renter-occupied units by age of householder**
Most condos for rent in South Salt Lake, Utah are occupied by residents in the 35 - 44 years age group (26%), followed by those in the 25 - 34 years age group (25%). At the same time, people in the 55 - 59 years age group make up the lowest share of the local rental market – 2%.
South Salt Lake, Utah Renter-occupied housing units by family type**
South Salt Lake, Utah Renter-occupied housing units by the presence of own children**
A total of 3,187 apartments for rent in South Salt Lake, Utah, or 49% of all rentals are family households. Additionally, 28% of rental homes include children under the age of 18 – that’s 1,785 units. All in all, the median size of a renter-occupied household in South Salt Lake, Utah is 2.43.
South Salt Lake, Utah Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 21% of the rental market. In contrast, residents with less than a high school degree reside in 13% of the homes for rent in South Salt Lake, Utah.
South Salt Lake, Utah Renter-occupied units by year structure built**
The highest share of South Salt Lake, Utah apartment rentals, namely 22% or 1,427 units, were Built 2010 - 2019, followed by those Built 1970 - 1979 (17%, 1,116 units), and the ones Built 1980 - 1989 (16%, 1,017 units).
South Salt Lake, Utah Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most South Salt Lake, Utah renters (40%) moved in 2018 to 2020, while only 2% of them moved in 1990 to 1999. Overall, the median year renters have occupied their South Salt Lake, Utah condos for rent is 2018.
South Salt Lake, Utah Renter-occupied housing units by vehicles available**
When it comes to transportation options, 55% of South Salt Lake, Utah renters have 1 vehicle available per household, 29% of them have 2 vehicles available, and 8% have No vehicle available.
South Salt Lake, Utah Means of transportation to work of householders living in renter-occupied housing units**
South Salt Lake, Utah Geographical mobility in the past year for householders living in renter-occupied housing units**
South Salt Lake, 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 South Salt Lake, 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
