Rents are right about where Provo'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 $1,605 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
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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Provo, UT has changed in 5 years
The median rent in Provo, UT stood at $1,082 in 2021 and currently runs about $1,605, reflecting a 48.3% 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.
Discussions about Provo
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Can you afford rent in Provo on your salary?
At $1,605/mo, how Provo rent compares to typical pay (30% rule).
Provo rent by bedroom count
Median rent for each apartment size in Provo. Click any size for full breakdown.
Tips for renters in Provo
Last updated: August 17, 2026
The median rent in Provo is $1,605/mo as of August 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 30% of local median household income ($64,171/yr), Provo ranks as moderate compared to the national benchmark of 30%. Rents have increased 13.3% over the past year.
Frequently asked questions
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What percentage of Provo residents rent vs. own?
How does Provo rent compare to the national average?
At $1,605/mo, rent takes ~30% of Provo's median household income ($64,171/yr). The standard benchmark is 30%.
How does this area stack up?
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Estimated from ZIP-level data
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