Apartment Price Drops This Week in Salt Lake City, UT
Which apartments in Salt Lake City had the biggest rent drops this week?
Data updated: October 15, 2025 at 10:55 AM PDT
Rents are shifting fast in Salt Lake City, and we’re here to help you stay ahead. This week’s top price drops reflect some of the best deals we’ve seen in months.
How are rent trends changing in Salt Lake City?
This week in salt lake city, rent prices continued to adjust. Month-over-month, 1-bedrooms dropped -0.3% and 2-bedrooms rose 8.5%.
Which apartments dropped in price the most this week?
Unit 657 at Hardware Village, featuring 2 beds and 2 baths, recently saw a price reduction of $400, bringing the new rent to $4599. Meanwhile, the 1 bed, 1 bath Unit AUCPLY at Mountain Shadows Apartments has become more affordable with a $399 decrease, now priced at $1029. These deals are worth checking out for anyone looking to snag a great apartment at a lower cost in prime locations.
| Property Name | Unit Description | New Price (Drop) | Drop Date |
|---|---|---|---|
| Hardware Village | 2 beds, 2 baths | $4599 (-$400) | 10/15 |
| Mountain Shadows Apartments | 1 bed, 1 bath | $1029 (-$399) | 10/9 |
| Liberty Duet | 2 beds, 2 baths | $2351 (-$356) | 10/9 |
| Station Five | 3 beds, 2.5 baths | $2299 (-$341) | 10/9 |
| The Ivy on 5th | 1 bed, 1 bath | $999 (-$250) | 10/10 |
| Foothill Place | 2 beds, 1 bath | $1389 (-$220) | 10/14 |
| Royal Farms | 1 bed, 1 bath | $1199 (-$210) | 10/13 |
| Gabbott’s Row Townhomes | 2 beds, 2 baths | $2599 (-$201) | 10/14 |
| Astra Tower | 2 beds, 2.5 baths | $3800 (-$200) | 10/14 |
| Alta Stone at the Gateway | 2 beds, 2 baths | $2375 (-$200) | 10/15 |
What neighborhoods have the most units dropping in price?
In Phoenix, two neighborhoods are currently seeing a trend in price drops for property listings. Central City and East Central North each have five listings with reduced prices. This could be a great opportunity for potential buyers looking to find a home in these vibrant areas. Central City offers a dynamic urban lifestyle, while East Central North is known for its charming community feel. Whether you’re looking for city excitement or a cozy neighborhood vibe, now might be the perfect time to explore these areas!
| Neighborhood | Listings |
|---|---|
| Central City | 5 |
| East Central North | 5 |
| The Avenues | 5 |
| Downtown Salt Lake City | 4 |
| Millcreek | 2 |
| People’s Freeway | 2 |
| Gateway District | 2 |
| South Salt Lake City | 2 |
| Capitol Hill | 2 |
| East Central South | 1 |
These rent drops are combined with specials!
These listings not only dropped in price — they’re also offering incentives like weeks of free rent or look & lease bonuses.
| Property | Description | Special |
|---|---|---|
| Hardware Village | 2 beds, 2 baths, -$400 | 8wk free $5k gift |
| Liberty Duet | 2 beds, 2 baths, -$356 | 8wk free + perks |
| Station Five | 3 beds, 2.5 baths, -$341 | Free Rent 1 Mo |
| Royal Farms | 1 bed, 1 bath, -$210 | $800 Off + $99 Fee |
| Gabbott’s Row Townhomes | 2 beds, 2 baths, -$201 | 12 Wks Free |
| Astra Tower | 2 beds, 2.5 baths, -$200 | $5k Off + 2mo Free |
| Alta Stone at the Gateway | 2 beds, 2 baths, -$200 | 3mo free rent |
Want to keep up with future price changes?
Bookmark this page or search all apartments in Salt Lake City to see the latest.
Note: Pricing, availability, and specials are subject to change. Please check the individual listings for the most up-to-date information.
