A recent study from RentCafe named Salt Lake City as the most competitive rental market in the West, ahead of cities like Boise, Denver, Las Vegas and Phoenix, among others.
SALT LAKE CITY — For many renters in Salt Lake City, affordable, high-quality rental options feel few and far between.from RentCafe named Salt Lake City as the most competitive rental market in the West, ahead of cities like Boise, Denver, Las Vegas and Phoenix, among others.
"When I first moved here, I heard about people who could live on their own for about $500, $600, $700 a month and I think that's pretty much, like, extinct now," Higgins said. "As a consequence, prospective renters have very limited options to choose from, especially as nearly 54% of apartment dwellers chose to renew their leases this rental season, slightly below the national benchmark of 59.7%," said the report. "This indicates that almost half of renters are actively seeking a new place to call home in the area — but still the 54% share of those who stayed put is high enough to make the market competitive.
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