Affordable Living in Salt Lake City: Why Income-Restricted Studios Are Perfect for You

April 1, 2025

Salt Lake City has become one of the most desirable places to live in the Mountain West. From breathtaking mountain views and outdoor recreation to a growing tech scene and vibrant downtown culture, it’s easy to see why so many people are calling SLC home. But with growing demand often comes rising rent prices—which makes affordable apartments in Salt Lake City more important than ever.

If you're a student, young professional, or simply looking for a budget-conscious way to enjoy all the city has to offer, income-restricted studio apartments may be the perfect fit for you. At aQui 355, we combine modern living, convenient downtown access, and affordability in one of the most exciting new communities in Salt Lake City.

In this blog, we’ll explore what income-restricted housing is, who qualifies, and why studio apartments—especially in vibrant locations like downtown SLC—are an ideal solution for affordable urban living.

1. What Is Income-Restricted Housing?

Income-restricted housing is a program designed to provide high-quality rental options to individuals or households who meet certain income limits set by federal, state, or local guidelines. This housing option allows qualifying residents to live in new apartments in Salt Lake City at below-market rent, without sacrificing location, amenities, or design.

At aQui 355, our income-restricted studios offer an incredible opportunity to enjoy modern, stylish living at a more affordable price point—right in the heart of downtown.

For more details on income-restricted housing, visit HUD’s Affordable Housing Programs.

2. The Appeal of Studio Apartments in Salt Lake City

Studio apartments in Salt Lake City are ideal for renters who value simplicity, smart design, and affordability. These compact living spaces typically include an open-concept layout with a combined bedroom, living area, and kitchen—all in one efficient and stylish footprint.

Benefits of studio living include:

  • Lower monthly rent and utility costs

  • Minimal upkeep and easier cleaning

  • Perfect for solo living or remote workers

  • Creative layout flexibility and personalization

  • Typically located in desirable urban neighborhoods

At aQui 355, our studio apartments feature:

  • Energy-efficient appliances

  • Modern cabinetry and finishes

  • Laundry rooms on each floor

  • On-site management for an ease of mind

  • Private balcony for outdoor time and natural light

3. Living Downtown Without Breaking the Bank

Apartments in downtown SLC typically come with a premium price tag. But thanks to income-restricted housing, you can enjoy all the perks of urban living—without the high cost.

Living at aQui 355 means you're steps away from:

  • The University of Utah

  • City Creek Shopping Center

  • TRAX light rail and major bus lines

  • Restaurants, coffee shops, and nightlife

  • Popular parks and green spaces

Whether you're commuting to work, grabbing brunch with friends, or heading out to hike in the Wasatch Range, everything is within reach.

Looking for walkable neighborhoods? Check out Walk Score to explore downtown SLC's high walkability rating.

4. Modern Living with Must-Have Amenities

Just because you're choosing affordable housing doesn’t mean you should compromise on quality. At aQui 355, our income-restricted studios are packed with upscale features and amenities that rival the best apartments in Salt Lake City.

Community perks include:

  • Rooftop lounge with breathtaking mountain views

  • Pet-friendly community with nearby outdoor spaces

  • Resident workspaces and community Wi-Fi

  • Underground parking garage and EV parking

  • Classic game room with arcade games 

You’ll enjoy a comfortable, connected lifestyle that supports productivity, relaxation, and wellness—without overspending.

5. Who Qualifies for Income-Restricted Housing?

Qualification for income-restricted housing is based on your household income relative to the Area Median Income (AMI). Typically, these apartments are available to individuals or families earning between 30% and 80% of the AMI, depending on the specific program.

To qualify, you’ll typically need:

  • Proof of income (such as pay stubs, tax returns, or a job offer letter)

  • Identification and a completed application

  • To meet credit and background check requirements

aQui 355 makes the process simple and transparent, with a friendly team ready to walk you through every step. Check your eligibility using Salt Lake City’s AMI guidelines.

6. Why AQUI 355 Is the Smart Choice for Affordable Living

When searching for affordable apartments in Salt Lake City, you want more than just a low price—you want a home that supports your lifestyle, goals, and future.

aQui 355 delivers by offering:

  • A prime downtown location

  • Modern architecture and design

  • Tech-forward features and secure access

  • Stylish, comfortable layouts

  • A sense of community and belonging

Plus, with new apartments in Salt Lake City becoming increasingly competitive, aQui 355’s blend of affordability and luxury is a rare find.

Whether you're a recent graduate, service industry professional, remote worker, or student, our income-restricted studios allow you to experience everything Salt Lake City has to offer—without compromising your budget.

7. Maximize Your Lifestyle While Minimizing Your Expenses

Affordable living doesn’t mean settling for less—it means making smart choices that give you more. By choosing a studio at aQui 355, you can:

  • Save on rent without leaving downtown

  • Reduce commute time and live near everything

  • Simplify your life with less clutter and more functionality

  • Enjoy premium features like energy-efficient appliances, private balconies, and smart home tech

  • Stay connected to the best of Salt Lake’s culture, cuisine, and outdoor adventures

8. Your Next Step Toward Smarter Living

Our income-restricted studio apartments in Salt Lake City are redefining what it means to live well on a budget. Designed with both form and function in mind, these spaces offer everything you need to thrive—modern finishes, efficient layouts, and access to some of the city’s most exciting neighborhoods. Whether you're walking to work, biking to a nearby coffee shop, or studying in your sunlit living space, aQui 355 empowers you to embrace city living without financial strain.

Located in the heart of downtown SLC, aQui 355 gives you unmatched access to the city’s best offerings—restaurants, transit, shopping, higher education, and green spaces—all while offering rents tailored to income-qualified residents. It’s a perfect solution for students, early-career professionals, creatives, and anyone who wants to experience the energy of the city while making smart financial decisions.

And the best part? You don’t have to compromise on comfort or style. From sleek appliances and laundry sections to rooftop views and secure building access, our community was built to support the modern urban lifestyle.

If you've been searching for affordable apartments in Salt Lake City that don’t feel like a sacrifice, you're in the right place. aQui 355 proves that you can live in a new apartment in Salt Lake City, enjoy the benefits of studio living, and still stay connected to the pulse of the city—all while sticking to your budget.

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