RentData.org

RentData.org Logo Salt Lake City Fair Market Rent FY 2024 Salt Lake City, UT HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Salt Lake City, UT :
$1,121 $1,338 $1,606 $2,168 $2,452
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 40th Percentile Metro Area

Fair Market Rent prices in Salt Lake City are very high compared to the national average. This FMR area is more expensive than 94% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Salt Lake City is $1,606 per month.

The previous year, rent for a two-bedroom home was $1,504 per month. This is a 6.78% increase year-over-year.

This FMR rate applies to Bingham Canyon, UT, Magna, UT, Herriman, UT, Midvale, UT, Riverton, UT, Draper, UT, South Jordan, UT, Sandy, UT, West Jordan, UT, Salt Lake City, UT and other cities within the region. The Metro Code or CBSA code for this region is METRO41620M41620.

Additionally, This Fair Market Rent (FMR) area Salt Lake City, UT HUD Metro FMR Area spans one county or city in Utah which is listed in the table below. Estimated population of Salt Lake City, UT HUD Metro FMR Area FMR area is 1,146,215 people based on latest Census data.

Compared to the rest of Utah, the Salt Lake City FMR area is more expensive than 96% of the state.

Utah Rents Map

Click on the map to view more another region.

See Nationwide Map

What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Salt Lake City. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Salt Lake City

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 1199
1-BR 1-Bedroom $ 1431
2-BR 2-Bedroom $ 1718
3-BR 3-Bedroom $ 2319
4-BR 4-Bedroom $ 2623
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

There is just one county (listed below) within the Salt Lake City, UT HUD Metro FMR Area FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Salt Lake City.

County / Region Est. Population
Salt Lake City, UT Metro 1,146,215
Zip Codes in Salt Lake City, UT HUD Metro FMR Area

There are 64 unique zip codes in this Fair Market Rent (FMR) area:

84006, 84020, 84044, 84047, 84065, 84070, 84081, 84084, 84088, 84090, 84091, 84092, 84093, 84094, 84095, 84096, 84101, 84102, 84103, 84104, 84105, 84106, 84107, 84108, 84109, 84110, 84111, 84112, 84113, 84114, 84115, 84116, 84117, 84118, 84119, 84120, 84121, 84122, 84123, 84124, 84125, 84126, 84127, 84128, 84132, 84133, 84134, 84138, 84139, 84141, 84143, 84148, 84150, 84151, 84152, 84157, 84158, 84165, 84170, 84171, 84180, 84184, 84190 and 84199

Lookup Fair Market Rent by Zip Code

What's Next?

Here are some additional resources you may also be interested in:

Top