As we end Q2 2026 thought I would look at where the renal market is sitting right now.

 

The 3 Br 2 Ba single family home continues to be the markets "Bread & Butter" property for renters and landlords alike.  That said 1 and 2 bedroom units are out perform in the rent per Sq.Ft catagory and should be on your investment scope if they come available.

 

Even though rents are up about 2% from the year prior we are seeing rents, like sale prices, softening.  We anticipate in the next 6-12 months more tenants will make moves to rentals that meet their needs better (size, location, cost).  With interest rates where they are at today in the low to mid 6% range renters are slow steping the transition to ownership compated to 5 years ago.  Until inflation and energy costs get under control we'll see this trend continue.

 

LANDLORD TIP:  When renewal time comes - we most likely will suggest leaving rents alone and not trying to increase rates.  Right now an over priced unit can sit for 30-50 days and lost revenues from a vacnacy can never be recaptured.  Best to keep rents where they are and renew the contract for another period.

 

Property Type	Bedrooms	Avg. Rent	Avg. Sq. Ft.	Rent / Sq. Ft.	Avg. Days Listed
Single Family	1 BR	$1,395	750	$1.86	5–15
Single Family	2 BR	$1,725	1,125	$1.53	10–25
Single Family	3 BR	$2,230	1,680	$1.33	17
Single Family	4 BR	$2,665	2,045	$1.30	2–10
Townhome/Condo	1 BR	$1,325	750	$1.77	10–25
Townhome/Condo	2 BR	$1,600	1,150	$1.39	15–35
Townhome/Condo	3 BR	$2,020	1,650	$1.22	40–45
Townhome/Condo	4 BR	$2,350	2,100	$1.12	20–45

 

As an owner, when renewals come due 

NOTE:  This report does not reflect ALL properties available for rent in the Southern Utah market but is a snap shot of 1-4 bedroom properties.  Analysis was done on 6/23/2026 and does not reflect units rented but is a snap shot of available inventories.  Your individual property may perform differnt in the market for various reasons.