Cheap Apartments for Rent in the University Neighborhood of Salt Lake City, UT from $600 (140 Rentals)

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Search the lowest-cost Apartments available for rent right now in the University 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
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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

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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.

property at 150 S 700 E

$945 - $1,195

Studio To 1 Bedroom Rentals

Available Now

150 S 700 E

Salt Lake CityUT84102

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property at 615 Grand St E

$1,100 - $1,700

1 To 2 Bedroom Rentals

Available Now

615 Grand St E

Salt Lake CityUT84102

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The Essex
Rent Specials
$1,163 - $2,900
Total Monthly Price

Total Monthly Price

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$1,163 - $2,900

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Studio to 2 Bedroom Apartments Available Now

The Essex

350 S 600 ESalt Lake City, UT 84102
Family Friendly
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property at 1050 E 400 S

$1,200 - $1,845

1 To 2 Bedroom Rentals

Available Now

1050 E 400 S

Salt Lake CityUT84102

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University, Salt Lake City, UT Local Guide

Cheapest Available University Apartments for Rent

 

The cheapest available apartment rental in the University area of Salt Lake City, UT is a 1 Bed unit found at 1427 Federal Way priced from $800. Breelynn Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $835. Here are the most affordable University apartments for rent in Salt Lake City, UT:

Apartment ListingModel NameBed/BathPriced From
1427 Federal Way1427 Federal Way1BR,1BA$800
Breelynn ApartmentsStudioStudio,1BA$835
Bigelow Chapman ApartmentsB01 - Studio - BigelowStudio,1BA$895
Council Crest ApartmentsStudio (726-02)Studio,1BA$899
555 S 800 E1 Beds, 1 Baths1BR,1BA$900
Ben AlbertStudioStudio,1BA$995
Seven65 LoftsStudioStudio,1BA$999
The Harper1x11BR,1BA$1,025
955 E 100 S1 Beds, 1 Baths1BR,1BA$1,025

Best Value Apartments for Rent in University, UT

As of July 08, 2026 the best value apartment in the University area is the $1.30 price per square foot 2 Beds, 1 Baths Model at Sunset View Apartments in the in the Downtown Salt Lake City neighborhood starting from $1,295. The second greatest value University apartment is the 956 East 600 South, Salt Lake City, UT 84102 - 1 Model at A - 956 East 600 South starting at $1,180 with a $1.18 price per square foot in the Downtown Salt Lake City neighborhood. Here is today’s list of the best values for University apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Sunset View Apartments2 Beds, 1 Baths2BR,1BA$1.30
A - 956 East 600 South956 East 600 South, Salt Lake City, UT 84102 - 11BR,1BA$1.18
Palisades Apartments2x1-R2BR,1BA$1.59
995 - 1009 South 400 East, SLC, UT 84111995 - 1009 South 400 East, SLC, UT 84111 - 10051BR,1BA$1.24
615 E 700 S2 Beds, 1 Baths2BR,1BA$1.57
515 6th Ave, Unit Apartment 6515 6th Ave1BR,1BA$1.56
555 S 800 E1 Beds, 1 Baths1BR,1BA$1.29
Ruby Apartments1BR/1.0BA1BR,1BA$1.68
Victoria House1BR/1.0BA1BR,1BA$1.84
Sundance Apartments1BR/1.0BA1BR,1BA$1.82

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
University, Salt Lake City, UT

Ranked #15

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 brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in metropolitan areas across the United States, including Salt Lake City. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including rankings of the best places for convenient access to the outdoors, luxury amenities, kid and pet-friendly communities, availability of transit options, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap University Apartments

What is a cheap apartment in University?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in University is under $1,025.

What is the price of a cheap apartment in University?

The cheapest apartment in University is 1427 Federal Way which is listed at $800, while the average apartment in University costs $16,800.

What types of apartments are the cheapest in University?

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 19 regular apartments in University 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 University?

Cheap apartments in University have an average cost of $265 which is $16,535 cheaper than the average rent for all rentals in University.

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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