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How to Get a Loan for a Rental Property
Rental property loans differ from traditional mortgages, needing larger down payments, higher interest rates, and reserves, often disregarding projected rental income.
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What to Know About
Life in Tooele & Beyond
Tooele shares many of the great qualities that make Utah a desirable place to live.
Utah, known as the "Beehive State," offers awe-inspiring natural beauty and thrilling outdoor activities, making it a paradise for adventure enthusiasts. It is home to some of the country's most breathtaking national parks and monuments, including Zion National Park, Bryce Canyon National Park, and Arches National Park. Dive deep into Utah's rich cultural heritage by visiting museums and galleries, like the Natural History Museum of Utah and the Pioneer Memorial Museum, or enroll in some of the most prestigious universities in the US, like the University of Utah and Brigham Young University. In addition, industries like technology, tourism, and finance also bolster Utah's economy.
Sports fans have plenty of options to keep them entertained, whether cheering on the Utah Jazz (NBA) in Salt Lake City or skiing the world-renowned slopes of the Wasatch Mountains. Discover famous attractions like Temple Square, the Great Salt Lake, Moab, and the historic city of Park City, where the Sundance Film Festival is based.
With its exceptional living standards and robust economy, Utah is the perfect state for those seeking an unforgettable outdoor adventure and an authentic western experience, making it a great place to live.
Rental Market Trends
Tooele, UT
As of June 2026, Tooele's rental market is stable, offering a predictable rental market where most units lease within a few weeks. Tooele's average rent is 2.6% ($43) lower than the Utah average of $1,651 and 10.5% ($189) lower than the U.S. average of $1,797.
Average Rent
$1,608
Monthly ChangeMonth Over Month Change
3.1% ($52)
Yearly ChangeYear Over Year Change
3.4% ($53)
Avg. Days on MarketAverage Days on Market
43
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,113 | 23.3% ($210) | 23.8% ($214) |
| 2 Beds | $1,449 | 2.7% ($40) | 25.2% ($292) |
| 3 Beds | $1,885 | 2% ($39) | 11.6% ($247) |
| Nearby Cities | Average Rent | Avg. Rent vs. TooeleAverage Rent vs. Tooele | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Grantsville | $1,161 | 27.8% ($447) | 44 days |
| Magna | $1,611 | 0.2% ($3) | 27 days |
| Herriman | $1,539 | 4.3% ($69) | 19 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Tooele Rental Market FAQs
Explore rental prices, market trends, and availability in Tooele, UT.
The average rent in Tooele, UT is $1,608 per month.
Apartments in Tooele typically rent for between $779 and $2,451 per month, with an average of $1,608 per month.
In Tooele, the average rent for a 1-bedroom apartment is $1,113 per month, for a 2-bedroom apartment, $1,449 per month, and a 3-bedroom apartment is $1,885 per month.
The average rent in Tooele is 10.5% ($189) lower than the national average of $1,797 per month.
The average rent in Tooele has decreased by 3.1% ($52) in the last month and increased by 3.4% ($53) over the past year.
The rental market in Tooele, UT, is currently stable, offering a predictable rental market where most units lease within a few weeks.
In Tooele, UT, the average rental stays on the market for approximately 43 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 20 rental properties available in Tooele, UT.
Based on the current averages, a household would need an annual income of $57,960 to comfortably afford a 2-bedroom apartment in Tooele.
