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Typical Rent in 84123 — Murray, UT
The typical 1-bedroom rent in 84123 (Murray, UT) is $1,553/month as of 2026, based on 5 data sources. Rents have fallen 4.2% year over year, so an increase above 4.2% exceeds the local market trend. Studio: $1,200. 2-bedroom: $1,670.
Rents in Murray have changed approximately -7.9% – -0.7% over the past year based on local market data. Rents are declining in this area — any increase is above the local market trend.
Estimated Rent · 1-Bedroom
$1,553/mo
Source: HUD Estimated Rent
Data through
Based on 5 independent data sources including local market trends and nearby listings.
The HUD Fair Market Rent for a 1-bedroom in 84123 (Murray, UT) is $1,390 for FY2026.
Rents in 84123 have decreased 4.2% year-over-year based on local market data.
The confidence level for this estimate is high based on 5 data sources.
Based on local market data, a fair rent increase in Murray (84123) is approximately 4.2% for 2026. The typical 1-bedroom rent is $1,553/month. Any increase significantly above 4.2% exceeds the local market trend and may be worth negotiating.
Sources: local market data, HUD SAFMR FY2026, Rentcast. Updated February 2026.
What Should Rent Cost in 84123 (Murray)?
Typical rent ranges based on HUD benchmarks and market data. In areas with limited listing data, ranges reflect federal benchmarks and may be wider than actual market conditions.
A studio in 84123 (Murray) typically rents for $1,200 – $1,343.
Rents above $1,544 are in the top 25% for this area.
A 1-bedroom in 84123 (Murray) typically rents for $1,390 – $1,553.
Rents above $1,786 are in the top 25% for this area.
A 2-bedroom in 84123 (Murray) typically rents for $1,670 – $1,864.
Rents above $2,144 are in the top 25% for this area.
A 3-bedroom in 84123 (Murray) typically rents for $2,230 – $2,489.
Rents above $2,862 are in the top 25% for this area.
A 4-bedroom in 84123 (Murray) typically rents for $2,550 – $2,844.
Rents above $3,271 are in the top 25% for this area.
Current Asking Rents in 84123
Average Asking Rent
$1,631/mo
Typical Asking Rent
$1,500/mo
Range
$800 – $3,350
Active Listings
60
These are current asking rents from active listings in 84123. Compare to the HUD fair market rent above to see how the market compares to federal benchmarks.
Source: Live market data (cached)
▶Full market data
Rent Trends in Murray, UT
-4.2%
Rents in 84123 (Murray) are cooling at -4.2% year-over-year.
− Estimated trend
Market sources range from -7.9% to -0.7%
Why the range? Zillow ZORI tracks what landlords are asking for units (-7.9%), while Apartment List tracks what renters actually sign leases at (-2.4%).When signed-lease rents outpace asking rents, it typically signals strong demand and limited room to negotiate.
Local vacancy rate: 8.9%
Sources: Apartment List, Zillow ZORI, HUD Fair Market Rent
Federal Rent Benchmarks for 84123
HUD Fair Market Rents are federal rent benchmarks used for housing programs, published annually by HUD.Note: These values represent the HUD metro-area benchmark for the Salt Lake City, UT HUD Metro FMR Area area, not zip-specific rates.
| Bedroom Size | Fair Market Rent | Estimated Rent |
|---|---|---|
| Studio | $1,200 | $1,343 |
| 1-Bedroom | $1,390 | $1,553 |
| 2-Bedroom | $1,670 | $1,864 |
| 3-Bedroom | $2,230 | $2,489 |
| 4-Bedroom | $2,550 | $2,844 |
Source: HUD SAFMR FY2026 · Updated
Questions about rent in 84123
What is the average 1-bedroom rent in 84123?
The typical 1-bedroom rent in 84123 (Murray, UT) is $1,553/month as of 2026. This page also shows nearby bedroom benchmarks, including studio rent at $1,200 and 2-bedroom rent at $1,670.
What is a fair rent increase in 84123?
A rent increase up to about 4.2% is in line with the recent local market trend in 84123. An increase above that level is above trend and may justify a closer review against local pricing and comparable apartments.
Are rents going up or down in 84123?
Rents in 84123 have fallen 4.2% year over year based on the local trend data used on this page.
How much do studios and 2-bedrooms cost in 84123?
On this page, studio rent in 84123 is $1,200/month and 2-bedroom rent is $1,670/month. These figures help show whether your current or proposed rent fits the broader local bedroom mix.
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Similar Rents in Other Areas
These zip codes have similar 1-bedroom rents to 84123 ($1,390/mo) — useful for comparing what your rent gets you in other markets.
Other Zip Codes in Murray, UT
| Zip Code | Location | 1-BR Fair Market Rent |
|---|---|---|
| 84107 | Murray, UT | $1,400 |
Nearby Areas
Market data updated monthly from public and third-party sources. Actual rents vary by unit, building, and lease terms. For informational purposes only — not legal or financial advice. See methodology →