Cheapest Neighborhoods in Salt Lake City, UT
Some of the cheapest neighborhoods in Salt Lake City are City Park, Rose Park, and Fairpark. These neighborhoods offer some of the lowest rent prices in Salt Lake City, making them ideal for renters on a budget. As of July 29, 2026, the average rent in Salt Lake City is $1,425, which is 2.1% lower than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
City Park
Average Rent
$1,052/Month
Units Available
10 Rentals
When you’re looking for a great Salt Lake City neighborhood on a budget, check out City Park. The average rent is $1,052, compared to the city average of $1,425.
Rose Park
Average Rent
$1,097/Month
Year-Over-Year Rent Change
6.7%
Units Available
30 Rentals
Rose Park provides a suburban retreat from the business of downtown city life. With mountain views, cozy cottages, and easy access to I-15 and the Salt Lake City International Airport, this neighborhood is perfect for frequent commuters and locals hoping to enjoy the best of their neighborhood.
Fairpark
Average Rent
$1,228/Month
Year-Over-Year Rent Change
10.1%
Units Available
62 Rentals
Fairpark stands out for its budget-friendly apartments and affordable living options. The neighborhood includes several parks and recreational spots, perfect for active lifestyles.
Downtown Murray
Average Rent
$1,236/Month
Units Available
22 Rentals
Downtown Murray is an affordable neighborhood in Salt Lake City with an average rent price of $1,236. Compare this to the city average of $1,425.
Exchange Place Historic District
Average Rent
$1,259/Month
Units Available
25 Rentals
If you’re looking for a great, affordable neighborhood in Salt Lake City, Exchange Place Historic District might be the perfect place! It has an average rent price of $1,259, while the city’s average stands at $1,425.
Jordan Meadows
Average Rent
$1,278/Month
Year-Over-Year Rent Change
2.9%
Units Available
157 Rentals
Jordan Meadows is known for its cheap apartment options in Salt Lake City, Utah, near the Salt Lake City International Airport. This neighborhood features several parks, businesses, and residential areas to support residents in everyday life.
University District
Average Rent
$1,290/Month
Units Available
24 Rentals
University District is a top choice for budget-conscious renters for a variety of reasons. The average rent in University District is $1,290 while the city average is $1,425.
Booneville Gardens
Average Rent
$1,294/Month
Units Available
33 Rentals
When you’re looking for a great Salt Lake City neighborhood on a budget, check out Booneville Gardens. The average rent is $1,294, compared to the city average of $1,425.
Coats Estates
Average Rent
$1,303/Month
Units Available
13 Rentals
Coats Estates is an affordable neighborhood in Salt Lake City with an average rent price of $1,303. Compare this to the city average of $1,425.
East Millcreek
Average Rent
$1,307/Month
Year-Over-Year Rent Change
13.6%
Units Available
23 Rentals
East Millcreek is a walkable residential area in Salt Lake City with access to shopping, dining, and parks. Outdoor enthusiasts enjoy the 10-minute drive to nearby hiking trails at Mount Olympus.
Ready to make your move to Salt Lake City? Check out the rent specials, price drops, and great deals on ApartmentFinder.com!
Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.