Cheap Apartments for Rent in the Downtown Salt Lake City Neighborhood of Salt Lake City, UT from $300 (315 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Salt Lake City area of Salt Lake City.

property at 161 S 1100 E

$700

6 Bedroom, 3 Bath Rentals

Available Now

161 S 1100 E

Salt Lake CityUT84102

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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1427 Federal Way
$800
Total Monthly Price

Total Monthly Price

Base Rent
$800
Total Monthly Price
$800
1 Bedroom Apartment Available Now

1427 Federal Way

1427 Federal WaySalt Lake City, UT 84102
Affordability

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Washington Flats
Rent Specials
$857 - $1,176
Total Monthly Price

Total Monthly Price

Base Rent
$857 - $1,176
Total Monthly Price
$857 - $1,176
Studio Apartments Available Now

Washington Flats

950 S Washington StSalt Lake City, UT 84101
Student Housing
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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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property at 150 S 700 E

$945 - $1,195

Studio To 1 Bedroom Rentals

Available Now

150 S 700 E

Salt Lake CityUT84102
property at 29 S State St

$945 - $1,985

Studio To 2 Bedroom Rentals

Available Now

29 S State St

Salt Lake CityUT84111

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Downtown Salt Lake City, Salt Lake City, UT Local Guide

Cheapest Available Downtown Salt Lake City Apartments for Rent

 

The cheapest available apartment rental in the Downtown Salt Lake City area of Salt Lake City, UT is a Studio unit found at Colony B priced from $600. Fairpark has the second lowest priced unit, which is a Studio apartment currently listed from $649. Here are the most affordable Downtown Salt Lake City apartments for rent in Salt Lake City, UT:

Apartment ListingModel NameBed/BathPriced From
Colony BSection 42 StudiosStudio,1BA$600
FairparkMAStudio,1BA$649
Greenprint GatewayMB3Studio,1BA$679
Greenprint West TempleStudio Efficiency CStudio,1BA$715
Bigelow Chapman ApartmentsB0 - Studio - LIH - BigelowStudio,1BA$795
JudeStudioStudio,1BA$799
Eleanor RigbyStudio AStudio,1BA$799
Citizens West 2 & 3Senior StudiosStudio,1BA$799
Greenprint North TempleB M7Studio,1BA$799
1427 Federal Way1427 Federal Way1BR,1BA$800

Best Value Apartments for Rent in Downtown Salt Lake City, UT

As of June 30, 2026 the best value apartment in the Downtown Salt Lake City area is the $1.23 price per square foot Phase 1-2x2 1167 Model at Ridgeview in the in the Downtown Salt Lake City neighborhood starting from $1,430. The second greatest value Downtown Salt Lake City apartment is the 2 Beds, 1 Baths Model at Sunset View Apartments starting at $1,295 with a $1.30 price per square foot in the Downtown Salt Lake City neighborhood. Here is today’s list of the best values for Downtown Salt Lake City apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
RidgeviewPhase 1-2x2 11672BR,2BA$1.23
Sunset View Apartments2 Beds, 1 Baths2BR,1BA$1.30
Palisades Apartments2x1-R2BR,1BA$1.59
644 City StationBristol1BR,1BA$1.53
Casa Milagros 62+ Senior Housing Community2x12BR,1BA$1.47
Bridges Apartment Homes1X1A1BR,1BA$1.59
Kensington1bdr_7351BR,1BA$1.56
143 S 1000 E0 Beds, 1 BathsStudio ,1BA$1.36
555 S 800 E1 Beds, 1 Baths1BR,1BA$1.29
Ball Park Apartments- 55 and over community1A1BR,1BA$1.46

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Downtown Salt Lake City, Salt Lake City, UT

Ranked #3

Among cities in Utah for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving.com works hard to bring you Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for Central Salt Lake City. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including filtering automatically for proximity to parks, luxury housing options, pet-friendly features, apartment complexes for the kids, proximity to transit, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Downtown Salt Lake City Apartments

What is a cheap apartment in Downtown Salt Lake City?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Salt Lake City is under $800.

What is the price of a cheap apartment in Downtown Salt Lake City?

The cheapest apartment in Downtown Salt Lake City is 1427 Federal Way which is listed at $800, while the average apartment in Downtown Salt Lake City costs $13,356.

What types of apartments are the cheapest in Downtown Salt Lake City?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 243 regular apartments in Downtown Salt Lake City that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Downtown Salt Lake City?

Cheap apartments in Downtown Salt Lake City have an average cost of $216 which is $13,140 cheaper than the average rent for all rentals in Downtown Salt Lake City.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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