Provo, UT Rental Market Trends
What is the average rent in Provo?
The average rent for an apartment in Provo is $1,462, a 4% increase compared to the previous year. 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 Provo, UT
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,462 | 4% | 914 sq. ft. |
What is the average apartment size in Provo?
The average size for a Provo, UT apartment is 914 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.
Provo, UT Apartment Rent Ranges
- $501-$7006%
- $701-$1,00023%
- $1,001-$1,50023%
- $1,501-$2,00029%
- > $2,00020%
Provo, UT Occupied Housing Units
- Renter-occupied Households30%
- Owner-occupied Households69%
10,119 or 30% of the households in Provo, UT are renter-occupied while 22,942 or 69% are owner-occupied.
Provo, UT Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | May / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Provo, UT | $1,368 | $1,353 | $1,388 | $1,423 | $1,419 | $1,438 | $1,442 | $1,494 | $1,445 | $1,459 | $1,462 |
| National | $1,314 | $1,345 | $1,354 | $1,358 | $1,390 | $1,397 | $1,400 | $1,392 | $1,396 | $1,407 | $1,428 |
Average Rent in Provo, UT By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Brigham Young University | $1,540 |
| Carterville | $1,540 |
| Edgemont | $1,540 |
| Grandview North | $1,540 |
| Grandview South | $1,540 |
| Indian Hills | $1,540 |
| North Timpview | $1,540 |
| Oak Hills | $1,540 |
| Pleasant View | $1,540 |
| Riverbottoms | $1,540 |
| Riverside | $1,540 |
| Rock Canyon | $1,540 |
| Sherwood Hills | $1,540 |
| Wasatch | $1,540 |
| Foothills | $1,529 |
| Joaquin | $1,511 |
| Provost | $1,511 |
| Provost South | $1,511 |
| Spring Creek | $1,511 |
| Y Mountain | $1,509 |
| North Park | $1,427 |
| Rivergrove | $1,427 |
| East Bay | $1,359 |
| Maeser | $1,359 |
| Lakeview North | $1,315 |
| Dixon | $1,099 |
| Fort Utah | $1,099 |
| Franklin | $1,099 |
| Franklin South | $1,099 |
| Lakeview South | $1,099 |
| Lakewood | $1,099 |
| Provo Bay | $1,099 |
| Sunset | $1,099 |
| Timp | $1,099 |
What are the most affordable neighborhoods in Provo?
The most affordable neighborhoods in Provo are Dixon, where the average rent goes for $1,099/month, Fort Utah, where renters pay $1,099/mo on average, and Franklin, where the average rent goes for $1,099/mo. If you’re looking for other great deals, check out the listings from Franklin South ($1,099), Lakeview South ($1,099), and Lakewood ($1,099), where the asking prices are below the average Provo rent of $1,462/mo.
What are the most expensive neighborhoods in Provo?
The most expensive neighborhoods in Provo are Rock Canyon ($1,540), Sherwood Hills ($1,540) and Wasatch ($1,540).
What are the most popular neighborhoods in Provo?
The most popular neighborhood in Provo is Joaquin, where there are 4 verified RENTCafé listings with an average rent of $1,511. Next up is East Bay, where apartments go for $1,359/month, followed by Fort Utah with $1,099 If you’re looking to rent in Provo’s most popular neighborhoods, make sure to also check out Franklin South, where renters pay $1,099 on average, and Grandview North, where the average monthly rent is $1,540.
Provo | Rent Comparison by Neighborhood
Rent in Brigham Young University is the same as in Carterville
Brigham Young University rent is 5% higher than Provo average
| Average Rent | $1,540 |
|---|
Carterville rent is 5% higher than Provo average
| Average Rent | $1,540 |
|---|
How Provo 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% |