Cheap Apartments for Rent in the Mount Olympus Neighborhood of Salt Lake City, UT from $1,100 (17 Rentals)

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

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The Station
2 to 3 Bedroom Apartments

The Station

2240 E Laney AveSalt Lake City, UT 84117
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Georgetown Plaza
Studio Apartments

Georgetown Plaza

2118 E 3300 SSalt Lake City, UT 84109
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2241 E Laney Ave
1 to 2 Bedroom Apartments

2241 E Laney Ave

2241 E Laney AveSalt Lake City, UT 84117
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2570-2580 E 3300 S
Studio to 1 Bedroom Apartments

2570-2580 E 3300 S

2570-2580 E 3300 SSalt Lake City, UT 84109

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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Morningstar Apartments
1 to 2 Bedroom Apartments

Morningstar Apartments

2670-2690 E Morning Star DrSalt Lake City, UT 84124
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4618 S Locust Ln
Studio Apartments

4618 S Locust Ln

4618 S Locust LnSalt Lake City, UT 84117
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1898 E 3300 S
Studio Apartments

1898 E 3300 S

1898 E 3300 SSalt Lake City, UT 84106
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2215 E 3300 S
2 Bedroom Apartments

2215 E 3300 S

2215 E 3300 SSalt Lake City, UT 84109

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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Hidden Meadows
1 to 3 Bedroom Apartments

Hidden Meadows

1794 E Hidden Meadows DrSalt Lake City, UT 84117
  • Utilities Included
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Preston Place
1 Bedroom Apartments

Preston Place

2673 S Preston StSalt Lake City, UT 84106
Senior Living

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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Alpine Townhomes
2 to 3 Bedroom Apartments

Alpine Townhomes

2190 E Mott DrMillcreek, UT 84109

Mount Olympus, Salt Lake City, UT Local Guide

Cheapest Available Mount Olympus Apartments for Rent

 

The cheapest available apartment rental in the Mount Olympus area of Salt Lake City, UT is a Studio unit found at Grandeur Apartments priced from $1,184. Mt. Aire has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,189. Here are the most affordable Mount Olympus apartments for rent in Salt Lake City, UT:

Apartment ListingModel NameBed/BathPriced From
Grandeur ApartmentsGraniteStudio,1BA$1,184
Mt. Aire1x1-R1BR,1BA$1,189
Hidden Meadows2x12BR,1BA$1,299

Best Value Apartments for Rent in Mount Olympus, UT

As of May 31, 2026 the best value apartment in the Mount Olympus area is the $1.75 price per square foot 3x2 Model at Hidden Meadows in the in the Exoburbs East neighborhood starting from $1,780. The second greatest value Mount Olympus apartment is the 1x1-R Model at Mt. Aire starting at $1,189 with a $1.70 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Hidden Meadows3x23BR,2BA$1.75
Mt. Aire1x1-R1BR,1BA$1.70
Grandeur ApartmentsGraniteStudio ,1BA$2.62

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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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

Ranked #

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

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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 $1,189, while the average apartment in Mount Olympus costs $2,381.

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 13 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.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

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Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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

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