Why Single-Family Rentals Are Gaining Traction in Utah (And What Owners Should Know)

Utah’s rental landscape is shifting—and fast. While large apartment developments continue to rise across the Wasatch Front, a quieter but equally impactful trend is emerging: growing demand for single-family rentals (SFRs). From Lehi to Logan and down to St. George, more tenants are turning away from multifamily units in favor of the space, privacy, and flexibility that detached homes offer.

At Advantage Management, we’ve seen this trend firsthand in the properties we manage. Whether you're a seasoned investor or a first-time landlord, understanding why SFRs are gaining traction—and how to position your rental for success—can make all the difference in today’s market.

Why Renters Prefer Single-Family Homes

Here are some key reasons renters in Utah are increasingly drawn to single-family rentals:

1. More Space, Inside and Out

Apartments are typically limited in square footage, both indoors and outdoors. In contrast, single-family homes offer multiple bedrooms, garages, fenced yards, and basements—perfect for growing families, remote workers, or tenants with pets.

2. Privacy and Independence

No shared walls. No noisy neighbors above or below. Tenants appreciate the peace and autonomy of living in a detached home—something increasingly valuable in a post-pandemic world where more people work from home.

3. Desire for Suburban Living

Cities like Saratoga Springs, Herriman, and Eagle Mountain have seen a rise in rental demand thanks to their balance of affordability, community feel, and proximity to tech hubs like Lehi. These locations are dominated by single-family housing stock.

4. Longer Tenancy

Families and older renters drawn to single-family homes are more likely to stay for multiple years—offering landlords greater stability and lower turnover costs.

Utah’s Rental Market is Cooling—But Not for SFRs

While many apartment-heavy areas in Utah are seeing slower lease-ups and increased vacancies due to oversupply, single-family rentals are staying resilient. According to recent market reports, rental rates for multifamily units have dipped, but SFRs are holding steady or even climbing slightly in high-demand areas.

For owners, this means:

• Lower vacancy risk

• Less competition

• Greater pricing power

  
  

What Owners Should Know About Managing SFRs

If you own or plan to invest in a single-family rental in Utah, here’s how to stay ahead:

✅ Screen Tenants Carefully

SFR tenants may stay longer, but that makes screening even more important. Look for tenants with stable income, strong references, and a clean rental history.

✅ Stay on Top of Maintenance

Tenants in single-family homes often expect higher standards. Routine inspections, timely repairs, and clear landscaping responsibilities can go a long way.

✅ Know the Legal Requirements

Utah’s rental laws are evolving. For example, HB 182 now requires 60-day notice for rent increases. Keep your lease agreements compliant and up to date.

✅ Consider Professional Management

SFRs often require more individualized attention than apartments. A local, experienced property manager like Advantage Management can help you handle everything from leasing and rent collection to maintenance and legal compliance.

Is Now the Time to Invest in Single-Family Rentals?

Given strong demand and shifting tenant preferences, now may be a great time to either:

• Convert a current home into a rental

• Buy and hold a single-family property for long-term passive income

• Optimize existing SFRs with small improvements (smart home features, fencing, landscaping) to attract high-quality tenants

Partner with Advantage Management

At Advantage Management, we specialize in local, hands-on property management for both single-family and multifamily homes throughout Utah. We understand what renters are looking for—and what owners need to succeed.

Whether you're managing one home or an entire portfolio, we’re here to help you reduce stress, increase returns, and stay compliant.

📞 Ready to make the most of your single-family rental? Contact us