Cheap Apartments for Rent in the Downtown Salt Lake City Neighborhood of Salt Lake City, UT from $300 (225 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.

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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property at 841 E 500 S

$900 - $1,545

Studio To 2 Bedroom Rentals

Available Now

841 E 500 S

Salt Lake CityUT84102

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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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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 Victory Heights priced from $474. Greenprint West Temple has the second lowest priced unit, which is a Studio apartment currently listed from $689. Here are the most affordable Downtown Salt Lake City apartments for rent in Salt Lake City, UT:

Apartment ListingModel NameBed/BathPriced From
Victory HeightsStudioStudio,1BA$474
Greenprint West TempleStudio 239Studio,1BA$689
Box 500StudioStudio,1BA$700
Greenprint North TempleB M8Studio,1BA$725
FairparkMAStudio,1BA$740
Washington Flats0/1 233sfStudio,1BA$750
Casa Milagros 62+ Senior Housing Community1x11BR,1BA$799
JudeStudioStudio,1BA$799
Eleanor RigbyStudio AStudio,1BA$799
The RampStudiosStudio,1BA$849

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

As of January 24, 2026 the best value apartment in the Downtown Salt Lake City area is the $1.29 price per square foot 2115 E Browning Ave Model at 2115 E Browning Ave, Unit 2115 browning in the in the East Bench neighborhood starting from $2,450. The second greatest value Downtown Salt Lake City apartment is the 2X2 penthouse Model at Axis@739 starting at $1,699 with a $0.96 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.
2115 E Browning Ave, Unit 2115 browning2115 E Browning Ave3BR,1.5BA$1.29
Axis@7392X2 penthouse3BR,2BA$0.96
429 S 1300 E, Unit 2429 S 1300 E2BR,2BA$1.25
Central West Apartments4 Bedroom4BR,2BA$1.27
RidgeviewPhase 2-3x2-11763BR,2BA$1.44
Prana2 Bedroom2BR,2BA$1.36
Victory Heights3 Bedroom D3BR,2BA$1.19
Ascent at MarmaladeB42BR,1BA$1.20
Casa Milagros 62+ Senior Housing Community1x11BR,1BA$1.20
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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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 $849.

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

The cheapest apartment in Downtown Salt Lake City is Casa Milagros 62+ Senior Housing Community which is listed at $799, while the average apartment in Downtown Salt Lake City costs $11,910.

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 242 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 $276 which is $11,634 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.

Articles, How-To's, and Tips

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Salt Lake City article

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Salt Lake City

Written by: Ty Bronicel

Salt Lake City, the capital of the gorgeous state of Utah — where I was born and raised — has gone gangbusters boom-bang-boom ever since the Winter Olympics were held here in 2002.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.