Provo, UT Rental Market Trends
The average rent for an apartment in Provo is $1,434, a 1% increase compared to the previous year.
Average Rent in Provo, UT
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$1,434||1%||923 sq. ft.|
The average size for a Provo, UT apartment is 923 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
- > $2,0009%
Provo, UT Occupied Housing Units
- Renter-occupied Households30%
- Owner-occupied Households69%
10,090 or 30% of the households in Provo, UT are renter-occupied while 22,780 or 69% are owner-occupied.
Provo, UT Rent Trends
|Nov / 2016||Mar / 2017||Jul / 2017||Nov / 2017||Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Feb / 2020|
Average Rent in Provo, UT By Neighborhood
|Brigham Young University||$1,470|
The most affordable neighborhoods in Provo are Dixon, where the average rent goes for $1,060/month, Fort Utah, where renters pay $1,060/mo on average, and Franklin, where the average rent goes for $1,060/mo. If you’re looking for other great deals, check out the listings from Franklin South ($1,060), Lakeview South ($1,060), and Lakewood ($1,060), where the asking prices are below the average Provo rent of $1,434/mo.
The most expensive neighborhoods in Provo are Provost ($1,549), Provost South ($1,549) and Spring Creek ($1,549).
The most popular neighborhood in Provo is Carterville, where there are 1 verified RENTCafé listings with an average rent of $1,470. Next up is Grandview North, where apartments go for $1,470/month, followed by Joaquin with $1,549 If you’re looking to rent in Provo’s most popular neighborhoods, make sure to also check out Maeser, where renters pay $1,398 on average, and Timp, where the average monthly rent is $1,060.
Provo | Rent Comparison by Neighborhood
Rent in Brigham Young University is the same as in Carterville
Brigham Young University rent is 3% higher than Provo average
Carterville rent is 3% higher than Provo average
How Provo Compares to Other Cities
|Average Rent||Y-o-Y Change|
|Salt Lake City||$1,235||3%|
For more information about the Provo rental trends, check out our monthly rent report
Curious about listings in your area? Check out our apartments near you for more details!