City Report · UT

Provo

Pop. 114,766·42nd most expensive in Utah·Rental market data updated monthly for Provo, UT
Median rent (all units)
$1,575/mo
Year-over-Year
+3.9%
Month-over-Month
+0.3%
vs US Median
-$357
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
Provo · $1,575
More affordable than 70% of US cities · National median $1,932/mo
Rent Reality Score
66/100
Good value
OverheatedFairGreat value

Rents are 8% below what Provo's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,575/mo
Expected by trend
$1,710/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
Fair Market Rent (HUD)
$1,267/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,575 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 →

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

December. Asking rents in Provo usually run 0.7% below trend in December and 0.9% above it in August, about $25 a month apart at today's median. Based on 10 years of data.

Compared with the peak

Rent in Provo is at its highest level since Zillow's records here began in November 2015.

Past year vs. the rest of Utah

Rent in Provo changed +3.9% over the year to September 2026. Across the 44 Utah cities Zillow tracks, the typical change was +1.8%.

Rent vs. income since 2019

From 2019 to 2024, rent in Provo rose 41.9% while median household income rose 31.3% ($48,888 to $64,171). Rent outpaced income.

Since before the pandemic

Rent in Provo is 47.5% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 5 months in a row, and rose in 10 of the last 12 months.

What a typical income covers

30% of the median household income ($64,171) is $1,604 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,267); a 3-bedroom is $1,780.

Spread across ZIP codes

The priciest of 3 ZIP codes in Provo, 84604 ($1,699/mo), costs 15% more than the cheapest, 84601 ($1,482/mo).

From Zillow's monthly rent index (ZORI) for Provo. 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.

Annual cost
$18,900/yr
At $1,575/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (3.9% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+3.9% YoY, +0.3% 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
$1,167 → $1,575
up 35.0%
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 $1,167 in 2021 and currently runs about $1,575, reflecting a 35.0% 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 $1,575/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: October 17, 2026

The median rent in Provo is $1,575/mo as of October 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 3.9% over the past year.

FAQ

Frequently asked questions

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 $63,000/year (about $30/hour full-time) to afford the median rent of $1,575/mo in Provo. The local median household income is $64,171/yr, so the typical household meets that bar.

Is rent going up or down in Provo?

Rent in Provo has risen 3.9% over the past year as of September 2026. That is the highest level since Zillow's records here began in November 2015.

When is the cheapest time to rent in Provo?

Asking rents in Provo are usually lowest in December, about 0.7% below their yearly trend, and highest in August, about 0.9% above it. At today's median that is a gap of roughly $25 a month. This pattern comes from 10 years of Zillow rent data.

Has rent outpaced income in Provo?

Yes. From 2019 to 2024, rent in Provo rose 41.9% while median household income rose 31.3%, from $48,888 to $64,171. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

Which Provo neighborhoods have the lowest rent?

The most affordable ZIP codes in Provo are 84601 ($1,482/mo), 84606 ($1,518/mo), and 84604 ($1,699/mo). Citywide, the median rent is $1,575/mo.

How does Provo rent compare to other cities in Utah?

Provo is one of the more affordable among Utah cities for rent, ranking #42 of 55 tracked cities at $1,575/mo. Over the year to September 2026, rent in Provo changed +3.9%, against a typical +1.8% across the 44 Utah cities Zillow tracks.

Which nearby cities are cheaper to rent in than Provo?

Nearby cities with lower median rent than Provo ($1,575/mo) include Orem ($1,512/mo).
Income Affordability
29%
AFFORDABLE

At $1,575/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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