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Rent Tracker
The average asking rent in Salt Lake City, UT is $1,607/month as of 2026-03. That is -0.6% compared to a year ago.
Source: Zillow Observed Rent Index (ZORI) · zillow.com/research
Current Avg Rent
$1,607/mo
as of 2026-03
Year-over-Year Change
-0.6%
Monthly ZORI index values for Salt Lake City, UT.
| Month | Avg Asking Rent | Change from Prior Month |
|---|---|---|
| 2026-03 | $1,607 | +1.01% |
| 2026-02 | $1,591 | +0.06% |
| 2026-01 | $1,590 | -1.06% |
| 2025-12 | $1,607 | -0.92% |
| 2025-11 | $1,622 | -0.73% |
| 2025-10 | $1,634 | -0.55% |
| 2025-09 | $1,643 | -0.36% |
| 2025-08 | $1,649 | +0.06% |
| 2025-07 | $1,648 | +0.18% |
| 2025-06 | $1,645 | +0.24% |
| 2025-05 | $1,641 | +0.61% |
| 2025-04 | $1,631 | +0.87% |
| 2025-03 | $1,617 | +0.87% |
| 2025-02 | $1,603 | +0.44% |
| 2025-01 | $1,596 | -0.06% |
| 2024-12 | $1,597 | -0.99% |
| 2024-11 | $1,613 | -1.04% |
| 2024-10 | $1,630 | -0.91% |
| 2024-09 | $1,645 | +0.18% |
| 2024-08 | $1,642 | +0.12% |
| 2024-07 | $1,640 | +0.49% |
| 2024-06 | $1,632 | +0.49% |
| 2024-05 | $1,624 | +0.62% |
| 2024-04 | $1,614 | — |
Shelter is the single largest component of the official CPI, accounting for roughly one-third of the index. But the BLS shelter index tends to lag real-market rent changes by 12–18 months because it measures rents paid by all tenants — including long-term renters locked into old leases. ZORI measures asking rents for new leases, making it a timelier signal of where CPI shelter inflation is headed.
When ZORI is rising sharply in your city, it is a leading indicator that official shelter inflation — and therefore overall CPI — will remain elevated in coming months.
Data: Zillow Research ZORI · Updated monthly · Price Inflation Report