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City Report · UT

Orem

Pop. 97,182·46th most expensive in Utah·Orem rents are up 6.4% over the past year
Median rent (all units)
$1,520/mo
Year-over-Year
+6.4%
Month-over-Month
+1.5%
vs US Median
-$445
Rising (Monthly)
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Most AffordableMost Expensive
Orem · $1,520
More affordable than 74% of US cities · National median $1,965/mo
Rent Reality Score
64/100
Good value
OverheatedFairGreat value

Rents are 7% below what Orem's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,520/mo
Expected by trend
$1,631/mo
The Rent Reality Score compares today's median rent to where Orem's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,133
1 BR
$1,143
2 BR
$1,320
3 BR
$1,850
4 BR+
$2,217
Research median
$1,320/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$18,240/yr
At $1,520/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 6.4% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+6.4% YoY, +1.5% MoM), not inventory.
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Demographics

Who lives here

Orem, UT is majority owner-occupied, skews toward younger working-age adults, 43.6% of residents hold a bachelor's degree or higher.

Population
97,182
Median income
$83,342
Median age
27
Renters
42.2%
Age distribution
26.3%
35.8%
20.3%
Under 1826.3%
18–3435.8%
35–5420.3%
55–647.2%
65+10.4%
Gender
51.7%
48.3%
Male51.7%
Female48.3%
Race & ethnicity
76.1%
19.4%
White76.1%
Black0.9%
Hispanic19.4%
Asian2%
Other1.6%
Education (25+)
16.3%
34.4%
43.6%
No HS diploma5.7%
HS diploma16.3%
Some college34.4%
Bachelor's+43.6%
Housing tenure
57.8%
42.2%
Owner57.8%
Renter42.2%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Orem, UT has changed in 5 years

Rent
$1,120 → $1,520
up 35.7%
Income
$70,412 → $83,342
up 18.4%
Population
96,734 → 97,182
up 0.5%
Renter share
39.5% → 42.2%
+2.7 pts
Bachelor's+
42.1% → 43.6%
+1.5 pts

Compared with 2021, rent in Orem, UT has climbed by $400 per month, settling near $1,520 after starting the period at $1,120. On the earnings side, the typical household in Orem, UT now reports about $83,342, up from $70,412 in 2021. Rent outpaced income growth by roughly 17.3 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. About 42.2% of households rent today, against 39.5% in 2021. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and Orem, UT reflects that arc in its own way.

Community

Discussions about Orem

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View Orem rent history (2015–2026) →
Salary vs rent

Can you afford rent in Orem on your salary?

At $1,520/mo, how Orem rent compares to typical pay (30% rule).

By apartment size

Orem rent by bedroom count

Median rent for each apartment size in Orem. Click any size for full breakdown.

Local insights

Tips for renters in Orem

About renting in Orem, UT

Last updated: July 20, 2026

The median rent in Orem is $1,520/mo as of July 2026. A studio apartment averages $1,133/mo while a 2-bedroom runs $1,320/mo. One-bedroom apartments average $1,143/mo and 3-bedroom units go for $1,850/mo.

At 22% of local median household income ($83,342/yr), Orem ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.4% over the past year.

FAQ

Frequently asked questions

Is Orem an affordable city for renters?

Orem is considered very affordable for renters. At $1,520/mo, rent takes approximately 22% of the local median household income ($83,342/yr). The standard benchmark is 30%. Orem falls comfortably within that range.

How much income do you need to rent in Orem?

To keep rent at or below 30% of gross income, you would need to earn at least $61,000/year (~$29/hour full-time) to afford the median rent of $1,520/mo in Orem. The local median household income is $83,342/yr, meaning the typical Orem household meets that threshold.

Is rent going up or down in Orem?

Rent in Orem has increased 6.4% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Orem neighborhoods have the lowest rent?

The most affordable ZIP codes in Orem are 84057 ($1,478/mo), 84058 ($1,551/mo), and 84097 ($1,562/mo). Citywide, the median rent in Orem is $1,520/mo.

How does Orem rent compare to other cities in Utah?

Orem is one of the more affordable cities in Utah for rent, ranking #46 out of 56 tracked cities at $1,520/mo.

What percentage of Orem residents rent vs. own?

According to Census data, approximately 42.2% of Orem households are renters, while 57.8% are owner-occupied. Orem leans toward homeownership, which can mean a smaller rental inventory.

How does Orem rent compare to the national average?

Orem's median rent of $1,520/mo is $445 (23%) below the US national median of $1,965/mo. Within Utah, it ranks #46 out of 56 tracked cities.
Income Affordability
22%
VERY AFFORDABLE

At $1,520/mo, rent takes ~22% of Orem's median household income ($83,342/yr). The standard benchmark is 30%.

Orem 22%Benchmark 30%
State income tax4.55%
Run the Orem affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Orem, UT

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