Housing prices in Salt Lake City

I'm about to move to SLC and looking for an apartment that's reasonably close to downtown.

I've heard countless times of how SLC is incredibly inexpensive to live in but I have a hard time believing that considering after researching several apartments, the average rent still falls in the ballpark of $900-1000 per month, which looks really unaffordable with only $46k a year.

Unless of course, I'm looking at all the wrong places? Someone on this forum mentioned how a lot of working professionals live in the Avenues, but those prices are really high.

 

You can't compare based on cost alone since an apartment is a multi-dimensional comparative tool. In NYC for 1k a month you would be luck to get a large closet as your whole apartment.

In SLC that 1k a month will likely get you a 2 bedroom apt.

Follow the shit your fellow monkeys say @shitWSOsays Life is hard, it's even harder when you're stupid - John Wayne
 

1-1.5k will get you a 2 bedroom easily, I've heard a few stories of people landing places like that. A dollar in SLC will provide way more purchasing power than a dollar in NYC. A friend of mine went out there and basically said that for every $1 spent, it would've been $2 in NYC. Hope that provides some perspective. Also, rent/living expenses in general will eat up the majority of your budget regardless of where you go.

 

Well I understand that part: All the apartments I found looked really nice and had great amenities and in very ideal locations, but I don't need a really fancy apartment. I'm trying to save up on money and could easily live by with an apartment that costs only $500-700 per month. The problem is I can't seem to find any of those.

 

Seriously??? If you don't need a fancy apartment then there are TONS of apartments for http://saltlakecity.craigslist.org/apa/4834350677.html

Nice, one bedroom, 600 sq ft, furnished, $699. And that is by no means rare.

"I know you think you understand what you thought I said but I'm not sure you realize that what you heard is not what I meant."
 

I'm looking for a studio which should hopefully cost within the $500-700 range. I know roommates make it rent cost significantly lower but I don't know anyone right now also moving to SLC and I wouldn't want to room with a stranger.

And yes, I was pretty surprised when I saw my salary was only $46k, especially in finance, and I'm working in a MO/BO role so I don't anticipate getting a bonus either. I originally thought this was a reflection of the low cost of living in SLC, but there's a definite limit on how low cost of living could be in any area.

 

What am I saying? KSL.com is where you need to look. I've found all my apartments in UT on there.

"I know you think you understand what you thought I said but I'm not sure you realize that what you heard is not what I meant."
 

Yeah, Redacted is correct. KSL.com is the place to go as is a local newspaper.

You either check the Avenues, Sugar house area (may need to drive to either office) or live in Downtown (they're several locations).

You may want to check the GS Dorms (American Towers). I have several friends that live there and they found it in different ways. If you're located in downtown, the office will be just steps away.

  • You can buy it and rent one of the rooms.
  • You can wait until you join FT and find a roommate from the firm (through the internal board post) or talking to people.

Good luck!

 
Best Response

OP, craigslist is fine. you're not transferring money on it, and often times it will be an aggregate of other websites' listings, so stop being stubborn. I've found 3 of the last places I've lived on craigslist. with real estate, it's different, you have to actually meet the person, see the unit, etc., before you move in. the scams are ones where the guy doesn't let you walk around the house and just asks for the money but as long as you're not a invalid you can figure those out (ran into one of those, actually on zillow).

why is it so hard to believer that you can find a cheap apartment when you're getting paid a lot less? that's how economics works. plus, it's SLC so in the minds of a ton of Americans (despite how fun it probably is), it's not a desirable place to live.

 

You're right and I did say I'll consider craigslist, but like I said before, it wouldn't my ideal medium for apartment shopping, and probably not for many others either.

I do believe that lower income = cheaper costs of living (Or at least it should be). The whole point of many companies opening major offices in SLC is recruit talent but also pay them a lot less. But there's definitely a limit on how low cost of living can be in any city. Again, I'm probably just looking at the wrong places, but I'm just saying through my initial searches, apartment rents around the area look pretty high and definitely not as inexpensive as people claim they are.

 

There's no convincing someone who won't listen but if you want to find the best deal on apartments, ksl.com and craigslist is the BEST way to go. That is simply the way things are done in UT. I lived there for 5 years and everyone I know outside of university housing found it that way. A vast majority of the apartments in UT are privately owned condo style as investment property and because most everyone uses ksl.com, that is where people list their units. That's simply how they reach their audience.

No one is trying to lure you into their basement dungeon with candy and a teddy bear.

"I know you think you understand what you thought I said but I'm not sure you realize that what you heard is not what I meant."
 

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