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Elk Ridge, UT Home for Rent

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    $1,300 Per Month

    • 2 Beds
    • 1 Bath
    • 1,000 Sq Ft
    • Payson Downstairs Apartment

    1324 Bear Hollow Ln Unit Downstairs Apt, Elk Ridge, UT 84651

    1324 Bear Hollow Ln Unit Downstairs Apt, Elk Ridge, UT 84651

Why Live in Elk Ridge

Elk Ridge, Utah is a high-elevation community in the mountains, known for its snow-capped peaks, panoramic views and herds of elk that migrate through in winter. Streets climb the hillsides past young maple trees and well-kept lawns, and many homes sit along slopes that look out toward the Wasatch Mountains. Housing in Elk Ridge primarily features large New Traditional and contemporary homes built in the 21st century, with average sizes over 4,000 square feet and layouts that tend to support bigger households and active lifestyles. Properties do not come on the market often, which can limit options for buyers. The terrain and vegetation contribute to wildfire risk, summer temperatures can rise above 100°F, and the area’s proximity to the Intermountain Seismic Belt means occasional earthquakes and the potential for landslides. The Loafer Mountain Parkway, completed in 2023, gives residents a more direct route to Interstate 15, with Provo about 20 miles north and Salt Lake City roughly 60 miles away. Nearby Payson, about 4 miles west, has a Main Street with local restaurants like El Tapatio and Tadka Cuisine of India, plus supermarkets such as Smith’s and Walmart Supercenter. Outdoor recreation features Mt. Nebo Loop’s 35-mile scenic drive, the Forebay Trailhead’s hiking and mountain biking routes, Shuler Park, the Payson Disc Golf Course and the 18-hole Gladstan Golf Course.

Frequently Asked Questions

How much does it cost to rent a home in Elk Ridge, UT?
The median rent for a home in Elk Ridge, UT is $1,300 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option.
How much do you need to make to afford rent in Elk Ridge, UT?
To comfortably afford the median rent in Elk Ridge, UT, a household needs to earn roughly $52,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,300 per month in Elk Ridge, UT, renters typically need to show $3,900 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Elk Ridge, UT?
In Elk Ridge, UT, the price-to-rent ratio is 80.1, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Elk Ridge, UT are best for renting a home?
The best neighborhood for renting in Elk Ridge, UT depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include East Hobble Creek, Provost, Westfields South, Lakeside and Franklin, each with its own character and price range.

Rental Trends in Elk Ridge, UT

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$1,300
Median Condo Rent
$1,300
How to Rent a Home