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City Report · UT

Provo

Pop. 114,766·42nd most expensive in Utah·Provo rents are up 9.7% over the past year
Median rent (all units)
$1,556/mo
Year-over-Year
+9.7%
Month-over-Month
+3.9%
vs US Median
-$409
Rising (Monthly)
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Most AffordableMost Expensive
Provo · $1,556
More affordable than 72% of US cities · National median $1,965/mo
Rent Reality Score
56/100
Fairly priced
OverheatedFairGreat value

Rents are 3% below what Provo's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,556/mo
Expected by trend
$1,602/mo
The Rent Reality Score compares today's median rent to where Provo's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,047
1 BR
$1,107
2 BR
$1,267
3 BR
$1,780
4 BR+
$2,133
Research median
$1,267/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
$18,672/yr
At $1,556/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 9.7% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+9.7% YoY, +3.9% MoM), not inventory.
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Demographics

Who lives here

Provo, UT is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 45.2% of residents hold a bachelor's degree or higher.

Population
114,766
Median income
$64,171
Median age
23.6
Renters
60.6%
Age distribution
18.7%
55.5%
13.8%
Under 1818.7%
18–3455.5%
35–5413.8%
55–645.3%
65+6.7%
Gender
48.9%
51.1%
Male48.9%
Female51.1%
Race & ethnicity
76.6%
19.2%
White76.6%
Black1.2%
Hispanic19.2%
Asian2.2%
Other0.7%
Education (25+)
14.6%
32.3%
45.2%
No HS diploma7.9%
HS diploma14.6%
Some college32.3%
Bachelor's+45.2%
Housing tenure
39.4%
60.6%
Owner39.4%
Renter60.6%

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

2021 vs 2026

How Provo, UT has changed in 5 years

Rent
$1,082 → $1,556
up 43.8%
Income
$53,572 → $64,171
up 19.8%
Population
113,538 → 114,766
up 1.1%
Renter share
59.7% → 60.6%
+0.9 pts
Bachelor's+
44.3% → 45.2%
+0.9 pts

The median rent in Provo, UT stood at $1,082 in 2021 and currently runs about $1,556, reflecting a 43.8% increase over the period. Household income in the area moved from $53,572 to $64,171 across the same window, up 19.8% versus 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 1.1% since 2021, moving from about 113,538 residents to roughly 114,766. Reading these numbers side by side helps frame whether current listings in Provo, UT look reasonable against where the market sat half a decade ago.

Community

Discussions about Provo

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

Can you afford rent in Provo on your salary?

At $1,556/mo, how Provo rent compares to typical pay (30% rule).

By apartment size

Provo rent by bedroom count

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

Local insights

Tips for renters in Provo

About renting in Provo, UT

Last updated: July 20, 2026

The median rent in Provo is $1,556/mo as of July 2026. A studio apartment averages $1,047/mo while a 2-bedroom runs $1,267/mo. One-bedroom apartments average $1,107/mo and 3-bedroom units go for $1,780/mo.

At 29% of local median household income ($64,171/yr), Provo ranks as affordable compared to the national benchmark of 30%. Rents have increased 9.7% over the past year.

FAQ

Frequently asked questions

Is Provo an affordable city for renters?

Provo is considered affordable for renters. At $1,556/mo, rent takes approximately 29% of the local median household income ($64,171/yr). The standard benchmark is 30%. Provo falls comfortably within that range.

How much income do you need to rent in Provo?

To keep rent at or below 30% of gross income, you would need to earn at least $62,000/year (~$30/hour full-time) to afford the median rent of $1,556/mo in Provo. The local median household income is $64,171/yr, meaning the typical Provo household meets that threshold.

Is rent going up or down in Provo?

Rent in Provo has increased 9.7% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Provo neighborhoods have the lowest rent?

The most affordable ZIP codes in Provo are 84601 ($1,459/mo), 84606 ($1,507/mo), and 84604 ($1,759/mo). Citywide, the median rent in Provo is $1,556/mo.

How does Provo rent compare to other cities in Utah?

Provo is one of the more affordable cities in Utah for rent, ranking #42 out of 56 tracked cities at $1,556/mo.

Which nearby cities are cheaper to rent in than Provo?

Orem is nearby and more affordable at $1,520/mo, which is $36 less than Provo.

What percentage of Provo residents rent vs. own?

According to Census data, approximately 60.6% of Provo households are renters, while 39.4% are owner-occupied. With a majority renter population, Provo has a strong rental market.

How does Provo rent compare to the national average?

Provo's median rent of $1,556/mo is $409 (21%) below the US national median of $1,965/mo. Within Utah, it ranks #42 out of 56 tracked cities.
Income Affordability
29%
AFFORDABLE

At $1,556/mo, rent takes ~29% of Provo's median household income ($64,171/yr). The standard benchmark is 30%.

Provo 29%Benchmark 30%
State income tax4.55%
Run the Provo affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Provo, UT

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