If you’re searching for a new place to live in Salt Lake City, rent prices are probably one of the most important factors in your decision. Apartment rental prices in Salt Lake City neighborhoods have continued to increase over the years. Luckily, even in 2024, there are some Salt Lake City neighborhoods that do offer budget friendly, affordable rental rates. The list of the cheapest neighborhoods in Salt Lake City for renters is sorted by lowest median rental rates compared to the Salt Lake City average.