The average Salt Lake City apartment rent has fallen by 1.7% year to date, against the backdrop of elevated vacancies from supply pressure. Rent growth is on track to register a second straight year of losses and its worst performance since the Great Recession. The competitive leasing landscape resulted in more than 40% of apartments offering renter concessions in October.
Apartment rents decline 1.7% year to date in Salt Lake City
October represents fourth straight month of rent declines
CoStar Analytics
December 2, 2024 | 2:54 P.M.
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