Provo, UT Rental Market Trends
Last updated: May 23, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Provo is $1,919, a 4.06% increase compared to the previous year, when the average rent was $1,844.
Studio Apartments at $1,244 offer the most budget-friendly option with 545 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 659 square feet for $1,289, balancing privacy and affordability.
Two-beedroom units at $1,793 offer 952 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,204 sq ft) for $2,620, suitable for larger households.
Average rent in Provo, UT
Last updated: May 23, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,919 | 937 sq. ft. |
| Studio | $1,244 | 545 sq. ft. |
| 1 Bed | $1,289 | 659 sq. ft. |
| 2 Beds | $1,793 | 952 sq. ft. |
| 3 Beds | $2,620 | 1,204 sq. ft. |
Provo, UT rent trends
Rental prices in Provo, UT have increased by 4.06% over the past year. The average rent moved from $1,844 to $1,919.
What's the typical rent budget in Provo, UT?
The largest share of rentals in Provo, UT (31%) 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?
20,630 or 61% of the households in Provo, UT are renter-occupied while 13,392 or 39% are owner-occupied.
Most affordable neighborhoods in Provo?
Franklin $1,037/month
Maeser $1,358/month
Timp $1,639/month
All of these neighborhoods fall below the city wide average of $1,919/month.Most expensive neighborhoods in Provo?
Carterville $2,186/month
Riverbottoms $2,342/month
Joaquin $2,427/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Provo, UT By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Joaquin | $2,427 |
| Riverbottoms | $2,342 |
| Carterville | $2,186 |
| Timp | $1,639 |
| Maeser | $1,358 |
| Franklin | $1,037 |
/
Provo | Rent Comparison by Neighborhood
Rent in Carterville is 111% higher than in Franklin
$2,186
Carterville rent is 14% higher than Provo average
Average Rent
$2,186
$1,037
Franklin rent is 46% lower than Provo average
Average Rent
$1,037
How Provo Compares to Other Cities
| City | Average Rent |
|---|---|
| Provo | $1,919 |
| Salt Lake City | $1,592 |
| Ogden | $1,510 |
| Logan | $1,786 |
| Midvale | $1,528 |
| Layton | $1,482 |
| Orem | $1,714 |
| Sandy | $1,601 |
| West Valley City | $1,541 |
| West Jordan | $1,588 |
| Clearfield | $1,523 |
| Murray, UT | $1,441 |
| South Salt Lake, UT | $1,530 |
| Draper | $1,714 |
| Herriman | $1,720 |
| Riverton | $1,986 |
| American Fork, UT | $1,689 |
| South Jordan | $1,732 |
| Bountiful, UT | $1,509 |
| Lehi, UT | $1,853 |
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.