Orem, UT Rental Market Trends
What is the average rent in Orem?
The average rent for an apartment in Orem is $1,294, a 4% increase compared to the previous year, when the average rent was $1,249. Read the full Rent Report to learn more details on how apartment rents compare to other locations in the area, and what are the most affordable or most expensive cities for renting around Salt Lake City, UT.
Average Rent in Orem, UT
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$1,294||4%||973 sq. ft.|
What is the average apartment size in Orem?
The average size for a Orem, UT apartment is 973 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Orem, UT Apartment Rent Ranges
- > $2,0003%
Orem, UT Occupied Housing Units
- Renter-occupied Households21%
- Owner-occupied Households78%
6,375 or 21% of the households in Orem, UT are renter-occupied while 22,674 or 78% are owner-occupied.
Orem, UT Rent Trends
|Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Mar / 2020||Jul / 2020||Nov / 2020||Jun / 2021|
How Orem Compares to Other Cities
|Average Rent||Y-o-Y Change|
|Salt Lake City||$1,289||4%|
|South Salt Lake||$1,168||3%|
|West Valley City||$1,232||10%|