Rents are 10% below what Orem's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,512 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
January. Asking rents in Orem usually run 0.5% below trend in January and 0.8% above it in July, about $20 a month apart at today's median. Based on 8 years of data.
Rent in Orem is 0.1% below its high of $1,514 in May 2026, at $1,512 as of September 2026.
Rent in Orem changed +2.3% over the year to September 2026. Across the 44 Utah cities Zillow tracks, the typical change was +1.8%.
From 2019 to 2024, rent in Orem rose 36.9% while median household income rose 29% ($64,590 to $83,342). Rent outpaced income.
Rent in Orem is 40% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent rose in 10 of the last 12 months.
30% of the median household income ($83,342) is $2,084 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,850); a 4-bedroom is $2,217.
The priciest of 3 ZIP codes in Orem, 84097 ($1,575/mo), costs 6% more than the cheapest, 84058 ($1,484/mo).
From Zillow's monthly rent index (ZORI) for Orem. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Orem, UT has changed in 5 years
Compared with 2021, rent in Orem, UT has climbed by $352 per month, settling near $1,512 after starting the period at $1,160. 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 11.9 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.
Discussions about Orem
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At $1,512/mo, how Orem rent compares to typical pay (30% rule).
Orem rent by bedroom count
Median rent for each apartment size in Orem. Click any size for full breakdown.
Tips for renters in Orem
Last updated: October 17, 2026
The median rent in Orem is $1,512/mo as of October 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 2.3% over the past year.
Frequently asked questions
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How does Orem rent compare to other cities in Utah?
At $1,512/mo, rent takes ~22% of Orem's median household income ($83,342/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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