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While rent prices haven t been rising at quite the same pace as home prices, they ve still been steadily climbing as the U.S. housing market has been going haywire.
As the U.S. housing market has seen record home prices, rent prices have soared too just not at the same clip. Here are the least and most expensive cities in the Salt Lake area of Utah to rent in.
The average one-bedroom, one-bathroom apartment in Utah cost almost $1,200 a month in 2021, according to the Kem C. Gardner Policy Institute. That’s an increase of almost 50% in just six years.
While housing prices in Utah and across the West continue to climb at staggering rates and price more and more would-be homebuyers out of the market, rents are far from stagnant.