Cheap Apartments for Rent in the Downtown Salt Lake City Neighborhood of Salt Lake City, UT from $300 (295 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 68 E 200 S

$695 - $725

3 Bedroom Rentals

Available Now

68 E 200 S

Salt Lake CityUT84111

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property at 234 F St

$875 - $1,350

Studio To 2 Bedroom Rentals

Available Now

234 F St

Salt Lake CityUT84103

Your Salt Lake City Rental Guide: Where to Live When You Work for the City's Biggest Employers

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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 Casa Milagros 62+ Senior Housing Community priced from $509. 1162 E 400 S has the second lowest priced unit, which is a 1 Bed apartment currently listed from $599. Here are the most affordable Downtown Salt Lake City apartments for rent in Salt Lake City, UT:

Apartment ListingModel NameBed/BathPriced From
Casa Milagros 62+ Senior Housing CommunityStudioStudio,1BA$509
1162 E 400 S1 Beds, 1 Baths1BR,1BA$599
9Ten WestStudio A2Studio,1BA$600
LatitudeStudioStudio,1BA$606
Washington Flats0/1 233sfStudio,1BA$625
Greenprint GatewayMB3Studio,1BA$679
FairparkMAStudio,1BA$689
Greenprint North TempleB M8Studio,1BA$725
Bigelow Chapman ApartmentsB0 - Studio - LIH - BigelowStudio,1BA$795
JudeStudioStudio,1BA$799

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

As of August 15, 2026 the best value apartment in the Downtown Salt Lake City area is the $1.50 price per square foot 3A Model at theBEVERLY in the in the Downtown Salt Lake City neighborhood starting from $2,749. The second greatest value Downtown Salt Lake City apartment is the P1-2x2-1167-Upgraded Model at Ridgeview starting at $1,670 with a $1.43 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.
theBEVERLY3A3BR,3.5BA$1.50
RidgeviewP1-2x2-1167-Upgraded2BR,2BA$1.43
771 Southm33BR,2BA$1.43
1162 E 400 S2 Beds, 1 Baths2BR,1BA$1.45
*1401 - 1403 South 300 East, SLC, UT 841151401 - 1403 South 300 East, SLC, UT 84115 - 1401..2BR,1BA$1.44
A - 956 East 600 South956 East 600 South, Salt Lake City, UT 84102 - 11BR,1BA$0.99
Ascent at MarmaladeB12BR,1BA$1.12
Casa Milagros 62+ Senior Housing Community1x11BR,1BA$1.47
525 S. 1200 E.525 S. 1200 E. - 81BR,1BA$1.43
Ball Park Apartments- 55 and over community1A1BR,1BA$1.46

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

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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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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 $799.

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

The cheapest apartment in Downtown Salt Lake City is 1162 E 400 S which is listed at $599, while the average apartment in Downtown Salt Lake City costs $1,746.

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 175 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 $244 which is $1,502 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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