Cheap Apartments for Rent in the University Neighborhood of Salt Lake City, UT from $600 (117 Rentals)

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

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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Elevate on 5th
Rent Specials
$1,079 - $2,679
Total Monthly Price

Total Monthly Price

Base Rent
$1,079 - $2,679
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Elevate on 5th

343 S 500Salt Lake City, UT 84102
Transit Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour

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 26 S Wolcott St

$1,190

Total Monthly Price

Total Monthly Price

Base Rent
$1,190
Total Monthly Price
$1,190

4 Bedroom, 4.5 Bath Home for Rent

Available Aug 1

26 S Wolcott St

Salt Lake CityUT84102

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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property at 967 E 1st Ave

$1,299

Total Monthly Price

Total Monthly Price

Base Rent
$1,299
Total Monthly Price
$1,299

Studio, 1 Bath Home for Rent

Available Now

967 E 1st Ave

Salt Lake CityUT84103

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 Essex
Rent Specials
$1,383 - $3,479
Total Monthly Price

Total Monthly Price

Base Rent
$1,383 - $3,479
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

The Essex

350 S 600 ESalt Lake City, UT 84102
Family Friendly
  • Verified
  • Customer Reviewed
  • Utilities Included

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

Find the sweet spot for renting in Salt Lake City. Explore neighborhoods like Sugar House, The Avenues, and Draper to find apartments that offer great livability and a short commute to the city's biggest employers.

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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 Studio unit found at Bigelow Chapman Apartments priced from $795. 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
Bigelow Chapman ApartmentsB0 - Studio - LIH - BigelowStudio,1BA$795
Breelynn ApartmentsStudioStudio,1BA$835
Ben Albert1 Bedroom1BR,1BA$950
Sundance Apartments1BR/1.0BA1BR,1BA$999
Seven65 LoftsStudioStudio,1BA$999
The Apartments at Indigo1BR/1BA1BR,1BA$1,000
Elevate on 5thTrolley1BR,1BA$1,079
aQui 355 ApartmentsStudio BStudio,1BA$1,099
Maye House ApartmentsStudio BStudio,1BA$1,135

Best Value Apartments for Rent in University, UT

As of May 24, 2026 the best value apartment in the University area is the $1.79 price per square foot Wasatch I Model at Elevate on 5th in the in the Downtown Salt Lake City neighborhood starting from $1,760. The second greatest value University apartment is the Bermuda Model at The Bonneville Apartments starting at $1,925 with a $1.95 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.
Elevate on 5thWasatch I2BR,2BA$1.79
The Bonneville ApartmentsBermuda2BR,2BA$1.95
Palisades Apartments2x1-R2BR,1BA$1.59
Franciscan Apartments2BR/1.0BA2BR,1BA$1.57
Brigadoon Apartments2BR/1.0BA2BR,1BA$1.55
Ruby Apartments1BR/1.0BA1BR,1BA$1.75
Victoria House1BR/1.0BA1BR,1BA$1.77
Sundance Apartments1BR/1.0BA1BR,1BA$1.59
Ben Albert1 Bedroom1BR,1BA$1.53
454 S 500 E454 S 500 E1BR,1BA$1.85

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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Pet Friendly Lifestyle
University, Salt Lake City, UT

Ranked #21

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
University, Salt Lake City, UT

School data provided by Great Schools

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 $1,135.

What is the price of a cheap apartment in University?

The cheapest apartment in University is Ben Albert which is listed at $950, while the average apartment in University costs $13,038.

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 20 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 $270 which is $12,768 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.

Helpful Local Expert Guides

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.

decorative image for The Ultimate Guide to Affordable Student Living in Salt Lake Citys College Neighborhoods article

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.

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

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

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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.