
Cheap Apartments for Rent in the Mount Olympus Neighborhood of Salt Lake City, UT from $1,200 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in the Mount Olympus area of Salt Lake City.


The Station

Georgetown Plaza

2241 E Laney Ave

2570-2580 E 3300 S
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.

Morningstar Apartments

4618 S Locust Ln

1898 E 3300 S

2215 E 3300 S

2357-2361 E Phylden Dr
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.

2595 E Kentucky Ave

Hidden Meadows

Preston Place

Grandeur Apartments

The Terraces At Holladay
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.

Alpine Townhomes

Memory Lane Apartments
Mount Olympus, Salt Lake City, UT Local Guide

How much does it cost to rent an apartment in Mount Olympus?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Mount Olympus Studio Apartments | $1,517 | $1,412 | $1,695 |
| Mount Olympus 1 Bedroom Apartments | $2,029 | $1,279 | $2,674 |
| Mount Olympus 2 Bedroom Apartments | $2,486 | $1,319 | $3,740 |
Browse Apartments in this Neighborhood
There are currently 17 rentals with your search options within a 2 mile radius of the Mount Olympus Neighborhood of Salt Lake City, UT.
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Mount Olympus, Salt Lake City, UT Local Guide
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Cheapest Available Mount Olympus Apartments for Rent
 The cheapest available apartment rental in the Mount Olympus area of Salt Lake City, UT is a 1 Bed unit found at Hidden Meadows priced from $1,298. Mt. Aire has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,319. Here are the most affordable Mount Olympus apartments for rent in Salt Lake City, UT:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hidden Meadows | 1x1 | 1BR,1BA | $1,298 |
| Mt. Aire | 2x1-R | 2BR,1BA | $1,319 |
| Grandeur Apartments | Granite | Studio,1BA | $1,412 |
Best Value Apartments for Rent in Mount Olympus, UT
As of April 16, 2026 the best value apartment in the Mount Olympus area is the $1.65 price per square foot 1x1 Model at Hidden Meadows in the in the Exoburbs East neighborhood starting from $1,298. The second greatest value Mount Olympus apartment is the 1x1 Model at Mt. Aire starting at $1,199 with a $1.71 price per square foot in the Exoburbs East neighborhood. Here is today’s list of the best values for Mount Olympus apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Hidden Meadows | 1x1 | 1BR,1BA | $1.65 |
| Mt. Aire | 1x1 | 1BR,1BA | $1.71 |
| Grandeur Apartments | Granite | Studio ,1BA | $3.12 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick 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.
Pet Friendly Lifestyle
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Among cities in Utah for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
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Best Local Schools in Mount Olympus, Salt Lake City, UT
School data provided by Great Schools
Frequently Asked Questions about Cheap Mount Olympus Apartments
What is the price of a cheap apartment in Mount Olympus?
The cheapest apartment in Mount Olympus is Mt. Aire which is listed at $1,199, while the average apartment in Mount Olympus costs $2,920.
What types of apartments are the cheapest in Mount Olympus?
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 16 regular apartments in Mount Olympus that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.
Helpful Local Expert Guides

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.

The Ultimate Guide to Affordable Student Living in Salt Lake Citys College Neighborhoods
Written by: Scott Houghton
Salt Lake City is a great city that blends big-city access with small-city comfort. Up near the University of Utah, mornings start with views of the foothills and a quick TRAX ride to class.

Your Salt Lake City Rental Guide: Where to Live When You Work for the City's Biggest Employers
Written by: Scott Houghton
I'm Scott, your ApartmentHomeLiving.com Local Expert for Salt Lake City, Utah.
Articles, How-To's, and Tips

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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.

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.