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Apartment Rental in Utah

Author.Name IBISWorld United States Last Updated: August 2025 NAICS UT53111

Apartment Rental in Utah industry analysis

The Apartment Rental industry in Utah is expected to grow an annualized x.x% to $x.x billion over the five years to 2025, while the national industry will likely grow at x.x% during the same period. Industry establishments increased an annualized x.x% to x,xxx locations. Industry employment has increased an annualized x.x% to x,xxx workers, while industry wages have increased an annualized x.x% to $x.x million.

Over the five years to 2030, the industry is expected to grow an annualized x.x% to $x.x billion, while the national industry is expected to grow x.x%. Industry establishments are forecast to grow x.x% to x,xxx locations. Industry employment is expected to increase an annualized x.x% to x,xxx workers, while industry wages are forecast to increase x% to $x.x million.

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About the Apartment Rental in Utah Market Research Report

What’s Included in the Apartment Rental in Utah Market Research Report

Definition of the Apartment Rental in Utah?

Operators in this industry act as lessors of buildings used as residences or dwellings. Industry participants are owner-lessors of residential buildings and establishments that rent real estate and then act as lessors by subleasing it to others. In addition to apartments, the industry also rents single-family homes and townhouses.

What’s included in the Apartment Rental in Utah?

The Apartment Rental in Utah includes rental of one-unit structures, rental of two- to four-unit structures, rental of five- to nine-unit structures, rental of 10- to 19-unit structures, rental of 20- to 49-unit structures, rental of 50- or more unit structures and rental of manufactured homes, mobile homes or trailers. Related terms covered in the Apartment Rental in Utah industry report includes an apartment, house or any place considered a home, the amount of unoccupied real estate space as a percentage of total available space, the amount of occupied real estate space as a percentage of total available space, an agreement with no set period of occupancy in which landlords and tenants are free to make changes to the contract at the end of each 30-day period, a legal entity that uses pooled investor capital to purchase and manage income property or mortgage loans. to qualify as an reit, the entity must distribute at least 90.0% of taxable income, an eco-oriented building certificate program established under the us green building council. leed-certified buildings are energy-efficient and green-certified and funds used to define cash flow from operations for reits that are calculated by adding depreciation and amortization expenses to earnings.

Industry Performance of the Apartment Rental industry in Utah

Benchmark the Apartment Rental in Utah industry performance with all UT county and national performance.

Apartment Rental in Utah

#27 in Highest Revenue 0.7% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Apartment Rental in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Apartment Rental industry in Utah

See how key industry drivers, such as population, unemployment rate, house price index, rental vacancy rates, national unemployment rate and homeownership rate are impacting Apartment Rental in Utah

Utah Economic Indicators

Population
Unemployment Rate
House Price Index

View more economic information in UT State Economic profile

US Key External Drivers

Rental vacancy rates
National unemployment rate
Homeownership rate

For the full list of industry drivers, see report purchase options.

County Data of the Apartment Rental industry in Utah

Access proprietary data on county in the Apartment Rental in Utah, such as Salt Lake County, Utah County and Davis County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Apartment Rental industry in Utah

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Apartment Rental industry in Utah in 2025?

The market size of the Apartment Rental industry in Utah is $2.1bn in 2025.

How many businesses are there in the Apartment Rental industry in Utah in 2025?

There are 6,539 businesses in the Apartment Rental industry in Utah, which has been growing at an average annual rate of 4.6% from 2020 to 2025.

Has the Apartment Rental industry in Utah grown or declined over the past 5 years?

The market size of the Apartment Rental industry in Utah has been growing at an average annual rate of 12.8% from 2020 to 2025.

How many employees in the Apartment Rental industry in Utah in 2025?

There are 9,604 employees in the Apartment Rental industry in Utah, which has been growing at an average annual rate of 9.3% from 2020 to 2025.