$1,995 Per Month
- 3 Beds
- 2 Baths
- 1,150 Sq Ft
- Condo for Rent
325 W 700 N Unit 9, Salt Lake City, UT 84103
325 W 700 N Unit 9, Salt Lake City, UT 84103
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 $1,525 per month, though prices vary by neighborhood, size, and property type. As of September 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 $72,000 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 $1,800 per month in Salt Lake City, UT, renters typically need to show $5,400 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 26.3, 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 Capitol Hill, Central City, The Avenues, Rose Park and Fairpark, each with its own character and price range.
