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Housing market: how much does rent cost in Utah? These cities are the most expensive

Although rent prices have not risen quite at the same rate as house prices, they have continued to climb steadily as the US housing market tumbled.

Utah is no exception. While home prices in the Salt Lake Valley have risen 50% over the past two years, average rental rates have increased about 12% to 15% per year, according to the Utah Apartment Association. Utah’s capital, Salt Lake City, also recently ranked No. 3 in the nation among other major metropolitan areas with the largest increases in rent prices from 2019 to 2022.

So, as prices climb, what are the cheapest and most expensive cities to rent in the Salt Lake metro area?

The most expensive place to rent: The suburb of Sandy — located about 20 miles south of Salt Lake City and known for its proximity to Little Cottonwood Canyon and the Silicon Slopes tech district — was the most expensive town to rent, according to a Zumper’s new reportwhich analyzed seven Wasatch Front towns in Salt Lake and Utah counties.

  • For a one-bedroom unit, the median rent in Sandy was $1,300 last month, according to the Zumper report. For two bedrooms? It was $1,580.

The cheapest: The cheapest city ranked by Zumper in his analysis is Provo, home to Brigham Young University.

  • For a one-bedroom unit in Provo, the median rent was $950 last month, according to the report.

Here’s how Zumper ranked the seven cities in its report on the Salt Lake metropolitan area:

  1. Sandy: median rent for one bedroom of $1,300, or $1,580 for two bedrooms.
  2. Millcreek: $1,250 for one bedroom, $1,560 for two bedrooms.
  3. Salt Lake City: $1,250 for one bedroom, $1,520 for two bedrooms.
  4. Orem: $1,220 for one bedroom, $1,290 for two bedrooms.
  5. South Salt Lake: $1,170 for one bedroom, $1,430 for two bedrooms.
  6. Ogden: $1,000 for one bedroom, $1,390 for two bedrooms.
  7. Province: $950 for one bedroom, $1,180 for two bedrooms.

Where rents are rising fastest: Of all those cities, Millcreek — another suburb a short drive south of Salt Lake City and at the base of Millcreek Canyon — has seen the fastest year-over-year growth.

  • The median one-bedroom rent in Millcreek of $1,250 marks a 30% increase from this time last year.
  • Just behind Millcreek is Ogden, where a two-bedroom rent of $1,390 marks a 27.5% year-over-year increase.
Mary Cashion

The author Mary Cashion