Zumper
modified
34 Minutes Ago

Highlights

  • Off-street parking
  • Open kitchen layout
  • Stainless steel appliances
  • Large windows
  • Granite countertops
  • Smoke-free community

Location

542 S 500 E, Salt Lake City, UT 84102, USA|Central City
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Contact

Management

Concept Property Management, Inc.

Leasing office

(385) 217-5535 ext. 2

Property Overview

The property at 542 S 500 E receives an impressive Zumper expert rating of 9.4, indicating a desirable option for renters. With exceptional amenities, including off-street parking and stainless steel appliances, it achieves a price rating of 10, reflecting excellent value. Additionally, its outstanding location near numerous restaurants, parks, and fitness options, alongside a verified trustworthiness rating of 8, make it an attractive choice for those seeking a vibrant lifestyle.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

9.4
Excellent
542 S 500 E is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Price and Amenities, which help to make this rental a great place to call home.

Things you’ll love

  • Dishwasher
  • Images Available
  • Walk-in closet

Great for

  • Work-from-home
  • Social life
  • Wellness

Floor plans

1x11 bed1 bath525 sqft$1,099–$1,125 /mo3 units available**OPEN HOUSE** When: Thursday 10/23 Time: 12:30pm - 4:30pm Apartment: 10 Address: 542 S 500 E - 10 Salt Lake City, UT 84102 Benefits: Delicious pizza, treats, drinks and application fees waived if you apply on site! Potentially meet tenants who currently live at the property as well! Welcome to our pet-friendly apartment in the fabulous downtown Salt Lake City! This cozy 1 bed 1 bath apartment features granite countertops, stainless steel appliances, and shaker-style cabinets in an open kitchen layout. Enjoy the convenience of a washer/dryer in-unit and off-street parking. With large windows, faux wood blinds, and vinyl flooring, this apartment is both stylish and comfortable. Schedule a Tour or Apply Today: • Text or Call: (385) 386-8362 • Email: **** • Virtual Tour: https my matterport com show ?m=bjBQo14DPGi This smoke-free community offers 24-hour emergency maintenance, friendly neighbors, and easy online payment options. Close to the University of Utah, downtown, and the Salt Lake City Public Library, this apartment is perfect for those looking for a convenient and pet-friendly living space. Come experience the best of downtown living in Salt Lake City! • Community Package: $211.99 includes water/sewer/trash, billing fee, parking, pest control, and liability insurance. • Pet Package: Deposit for 1 pet is $500, deposit for 2 pets is $800 (fully refundable). Monthly pet rent per animal is $50. Please note: Fees are subject to change, see leasing agent for the most current costs, fees, and availability of units. Content such as photos, videos, and tours may depict a similar unit.

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Amenities for 542 S 500 E

Apartment Amenities

Air ConditioningLarge Closets
Large WindowsSpacious Bedrooms
Tons of Natural LightWalk-in Closet

Appliances

DishwasherIn-Unit Laundry
OvenStainless Steel Appliances
Stainless Steel DishwasherStainless Steel Fridge
Stainless Steel MicrowaveStove/Oven
Washer and Dryer

Tech

Cable Ready

Grounds

Off-Street ParkingSmoke Free Community

Services

24 Hour Emergency MaintenanceOn-Site Management

Neighborhood

Friendly Neighbors

Other

Easy Online Payment Options
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Building details

Property details

Units10
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About 542 S 500 E

HomeApartments in Salt Lake CityCentral City 542 S 500 E

**OPEN HOUSE** When: Thursday 10/23 Time: 12:30pm - 4:30pm Apartment: 10 Address: 542 S 500 E - 10 Salt Lake City, UT 84102 Benefits: Delicious pizza, treats, drinks and application fees waived if you apply on site! Potentially meet tenants who currently live at the property as well! Welcome to our pet-friendly apartment in the fabulous downtown Salt Lake City! This cozy 1 bed 1 bath apartment features granite countertops, stainless steel appliances, and shaker-style cabinets in an open kitchen layout. Enjoy the convenience of a washer/dryer in-unit and off-street parking. With large windows, faux wood blinds, and vinyl flooring, this apartment is both stylish and comfortable. Schedule a Tour or Apply Today: • Text or Call: (385) 386-8362 • Email: **** • Virtual Tour: https my matterport com show ?m=bjBQo14DPGi This smoke-free community offers 24-hour emergency maintenance, friendly neighbors, and easy online payment options. Close to the University of Utah, downtown, and the Salt Lake City Public Library, this apartment is perfect for those looking for a convenient and pet-friendly living space. Come experience the best of downtown living in Salt Lake City! • Community Package: $211.99 includes water/sewer/trash, billing fee, parking, pest control, and liability insurance. • Pet Package: Deposit for 1 pet is $500, deposit for 2 pets is $800 (fully refundable). Monthly pet rent per animal is $50. Please note: Fees are subject to change, see leasing agent for the most current costs, fees, and availability of units. Content such as photos, videos, and tours may depict a similar unit.


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
9.4
/10
Excellent
542 S 500 E is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Price and Amenities, which help to make this rental a great place to call home.
How we rated 542 S 500 E
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
542 S 500 E offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·10A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
542 S 500 E stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—in-unit laundry—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
542 S 500 E is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·9A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
542 S 500 E has a few standout characteristics that set it apart from similar properties nearby. Having both verified status and features that cater to discerning renters, this is a great option for renters looking for a specific and exceptional lifestyle.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

542 S 500 E is great for:

Work-from-home

  • 6 internet service provider options nearby
  • Large windows for natural lighting
  • 10 coworking spaces or cafes within 1 mile
  • 4 office supply stores within 1 mile

Social life

  • 401 restaurants within 1 mile of this property
  • Area has 33 parks and recreation options
  • Diverse age groups live in this area
  • 395 mixed-use spaces nearby

Wellness

  • Ample windows and natural lighting
  • HVAC systems available onsite
  • 41 gyms or yoga centers nearby
  • 8 farmers markets or health food stores nearby

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How 542 S 500 E compares to other nearby properties.

Positives

Dishwasher
Dishwasher available in kitchen
Images Available
There are at least 10 photos of this address
Walk-in closet
More closet space on average

Considerations

Greater distance from grade schools
The nearest elementary school is farther than 1 mile away

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Rent trends in Central City

1-bedroom apartments at 542 S 500 E cost about the same as the average rent price for 1-bedroom apartments in Central City.

Median rents as of Oct 18 2025.
Central City
Salt Lake City
A table of studio rental data trends in Salt Lake City
MonthMedian Rent
November 2023$1,114
December 2023$995
January 2024$995
February 2024$1,269
March 2024$1,246
April 2024$1,202
May 2024$1,127
June 2024$1,252
July 2024$1,261
August 2024$1,242
September 2024$1,184
October 2024$1,120
November 2024$1,079
December 2024$1,079
January 2025$1,112
February 2025$1,127
March 2025$1,085
April 2025$945
May 2025$941
June 2025$914
July 2025$935
August 2025$970
September 2025$998
October 2025$989
A table of studio rental data trends in Central City
MonthMedian Rent
November 2023$958
December 2023$971
January 2024$947
February 2024$1,198
March 2024$1,179
April 2024$1,112
May 2024$1,107
June 2024$1,294
July 2024$1,302
August 2024$1,307
September 2024$1,184
October 2024$1,121
November 2024$995
December 2024$973
January 2025$945
February 2025$945
March 2025$955
April 2025$945
May 2025$925
June 2025$895
July 2025$895
August 2025$895
September 2025$895
October 2025$880

Affordability calculator

Can I afford to live at 542 S 500 E?

Bedrooms

1 bedroom

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$43,960/yr

With your selected rent-to-income ratio, you'd ideally want to make $43,960 annually to afford this 1-bedroom monthly rent price of $1,099.
For more information on rent affordability, visit our rent calculator.

Schools near 542 S 500 E

M. Lynn Bennion School

429 s 800 e

salt lake city, UT, 84102

PK, K-6Public
C+

Salt Lake Head Start

1240 american beauty dri

salt lake city, UT, 84116

PKPublic
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Internet available near 542 S 500 E

Getting around Salt Lake City near 542 S 500 E

Walking

8/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

6/10
This area is close to freeways and has adequate parking options.

Cycling

7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

5/10
Frequent public transit options are within walking distance.

Points of interest for 542 S 500 E, Salt Lake City

Groceries

9/10
At least one supermarket within a 5-minute walk

Shopping

7/10
Variety of shops within a few minutes' walk

Cafes

6/10
Variety of cafés within walking distance

Restaurants

7/10
Variety of restaurants within a few minutes' walk

Primary schools

8/10
At least one elementary school within a 15-minute walk

High schools

8/10
At least one high school within a 15-minute walk

Parks

8/10
Large amount of park space nearby

Nightlife

5/10
VaVariety of bars within walking distance

Explore the area around 542 S 500 E

Smith's Marketplace
455 S 500 E
Whole Foods Market
544 S 700 E
Trader Joe's
634 E 400 S
Sprouts Farmers Market
216 S 700 E
Smith's
876 E 800 S

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