Provo, UT Rental Market Trends

Last updated: November 18, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Average rent in Provo, UT

Last updated: November 18, 2025

Provo, UT rent trends

Rental prices in Provo, UT have increased by 2.25% over the past year. The average rent moved from $1,815 to $1,856.

What's the typical rent budget in Provo, UT?

The largest share of rentals in Provo, UT (39%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.

Do most people rent or own in Provo, UT?

Access comprehensive real estate data and information on Yardi Matrix

Average Rent in Provo, UT By Neighborhood

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Provo | Rent Comparison by Neighborhood

Neighborhood
vs.

Rent in Franklin is 55% lower than in Joaquin

$1,079

Franklin rent is 42% lower than Provo average

Average Rent $1,079
$2,380

Joaquin rent is 28% higher than Provo average

Average Rent $2,380

How Provo Compares to Other Cities

Where this data comes from

The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.

Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Provo apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.

Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.