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Disclaimer: Covid-19 may have impacted rent prices in a way that is not yet reflected in our reports. When referencing the data published on this page, please keep in mind that the data provided here may not accurately depict the current reality of the market.

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

Last updated June 2021
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

  • $701-$1,0007%
  • $1,001-$1,50073%
  • $1,501-$2,00018%
  • > $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

Average Rent Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Nov / 2020 Jun / 2021
Orem, UT $1,210 $1,209 $1,234 $1,258 $1,264 $1,243 $1,249 $1,256 $1,263 $1,294
National $1,314 $1,345 $1,354 $1,358 $1,390 $1,397 $1,400 $1,392 $1,396 $1,407
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Access comprehensive real estate data and information on Yardi Matrix

How Orem Compares to Other Cities

Average Rent Y-o-Y Change
Salt Lake City $1,289 4%
Provo $1,462 4%
Midvale $1,148 1%
Sandy $1,345 3%
Ogden $1,142 8%
Orem $1,294 4%
Draper $1,345 4%
West Jordan $1,269 6%
Murray $1,146 3%
South Salt Lake $1,168 3%
West Valley City $1,232 10%

Most Popular Apartments in Orem

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The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Orem apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.