Rents are right about where Payson's 10-year trend predicts.
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 $1,573 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: August 17, 2026
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Who lives here
Payson, UT is majority owner-occupied, has a large share of families with children, has a median income above the national average, 27.9% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Payson, UT has changed in 5 years
The median rent in Payson, UT stood at $1,216 in 2021 and currently runs about $1,573, reflecting a 29.4% increase over the period. Median household income rose from $75,682 to $89,905 between 2021 and 2024, a 18.8% shift. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 9.2% since 2021, moving from about 21,093 residents to roughly 23,039. Renters now make up 17.9% of households, compared with 19.9% five years ago. College-educated residents now make up 27.9% of adults here, versus 24.7% in 2021. Taken together, the five-year picture in Payson, UT reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.
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Can you afford rent in Payson on your salary?
At $1,573/mo, how Payson rent compares to typical pay (30% rule).
Payson rent by bedroom count
Median rent for each apartment size in Payson. Click any size for full breakdown.
Tips for renters in Payson
Last updated: August 17, 2026
The median rent in Payson is $1,573/mo as of August 2026. A studio apartment averages $1,190/mo while a 2-bedroom runs $1,380/mo. One-bedroom apartments average $1,190/mo and 3-bedroom units go for $1,930/mo.
At 21% of local median household income ($89,905/yr), Payson ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.3% over the past year.
Frequently asked questions
Is Payson an affordable city for renters?
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Is rent going up or down in Payson?
How does Payson rent compare to other cities in Utah?
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What percentage of Payson residents rent vs. own?
How does Payson rent compare to the national average?
At $1,573/mo, rent takes ~21% of Payson's median household income ($89,905/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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