$1,695 Per Month
- 1 Bed
- 1 Bath
- 728 Sq Ft
- Condo for Rent
2430 Elizabeth St Unit 1, Salt Lake City, UT 84106
2430 Elizabeth St Unit 1, Salt Lake City, UT 84106
Frequently Asked Questions
How much does it cost to rent a condo in Salt Lake City, UT?
The median rent for a condo in Salt Lake City, UT is $1,495 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Salt Lake City, UT?
To comfortably afford the median rent in Salt Lake City, UT, a household needs to earn roughly $70,000 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 $1,750 per month in Salt Lake City, UT, renters typically need to show $5,250 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 Salt Lake City, UT?
In Salt Lake City, UT, the price-to-rent ratio is 33.6, 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 Salt Lake City, UT are best for renting a condo?
The best neighborhood for renting in Salt Lake City, UT depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Central City, Sugar House, Rose Park, Fairpark and Capitol Hill, each with its own character and price range.
