ZIP Code · UT

ZIP 84058

Part of Orem, UT

Pop. 35,099·Utah County·69th most expensive ZIP in Utah

Median rent (all units)

$1,484/mo

Year-over-Year

+0.3%

Month-over-Month

+0.4%

vs US Median

-$448

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 84058 · $1,484

More affordable than 74% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,270

1 BR

$1,270

2 BR

$1,470

3 BR

$2,040

4 BR+

$2,470

Research median

$1,470/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: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

December. Asking rents in ZIP 84058 usually run 1% below trend in December and 0.8% above it in July, about $27 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 84058 is 0.3% below its high of $1,488 in December 2025, at $1,484 as of September 2026.

Past year vs. the rest of Utah

Rent in ZIP 84058 changed +0.3% over the year to September 2026. Across the 66 Utah ZIP codes Zillow tracks, the typical change was +1.3%.

Recent direction

Rent rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($74,553) is $1,864 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,470); a 3-bedroom is $2,040.

Rank in Orem

1st cheapest of 3 ZIP codes in Orem.

From Zillow's monthly rent index (ZORI) for ZIP 84058. 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

$17,808/yr

At $1,484/mo median

Location

CityOrem

StateUT

CountyUtah County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+0.3% YoY, +0.4% MoM), not inventory.

Demographics

Who lives here

ZIP 84058 (Orem, UT) is majority renter-occupied, skews toward younger working-age adults, 42.4% of residents hold a bachelor's degree or higher.

Population

35,099

Median income

$74,553

Median age

Renters

57.9%

Age distribution

22.2%

46.5%

16.5%

Under 1822.2%

18–3446.5%

35–5416.5%

55–646.8%

65+8%

Gender

52.3%

47.7%

Male52.3%

Female47.7%

Race & ethnicity

76.4%

17.3%

White76.4%

Black1.4%

Hispanic17.3%

Asian3%

Other1.9%

Education (25+)

16.7%

35.2%

42.4%

No HS diploma5.7%

HS diploma16.7%

Some college35.2%

Bachelor's+42.4%

Housing tenure

42.1%

57.9%

Owner42.1%

Renter57.9%

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

2021 vs 2026

How ZIP 84058 in Orem, UT has changed in 5 years

Rent

$1,186 → $1,484

up 25.1%

Income

$62,994 → $74,553

up 18.3%

Population

33,714 → 35,099

up 4.1%

Renter share

53.6% → 57.9%

+4.3 pts

Bachelor's+

41.6% → 42.4%

+0.8 pts

Across the past five years, the going rent in ZIP 84058 in Orem, UT has shifted from $1,186 to $1,484, up 25.1% since 2021. Median household income climbed from $62,994 to $74,553 between 2021 and 2024, a 18.3% shift. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 84058 in Orem, UT adding about 1,385 residents over the five-year window, up 4.1% on net. The renter share has risen from 53.6% to 57.9%, with owner-occupied housing accounting for the remainder. Taken together, the five-year picture in ZIP 84058 in Orem, 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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About renting in ZIP 84058

Last updated: October 17, 2026

ZIP code 84058 covers Orem, UT. The median rent here is $1,484/mo as of October 2026. A 1-bedroom rents for a median of $1,270/mo. A 2-bedroom rents for a median of $1,470/mo.

At 24% of local median household income ($74,553/yr), ZIP 84058 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 84058?

To keep rent at or below 30% of gross income, you would need to earn at least $59,000/year (about $28/hour full-time) to afford the median rent of $1,484/mo in ZIP 84058. The local median household income is $74,553/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 84058?

Rent in ZIP 84058 has been roughly flat over the past year as of September 2026, a +0.3% change. It sits 0.3% below its high of $1,488 in December 2025.

When is the cheapest time to rent in ZIP 84058?

Asking rents in ZIP 84058 are usually lowest in December, about 1% below their yearly trend, and highest in July, about 0.8% above it. At today's median that is a gap of roughly $27 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 84058 compare to other ZIPs in Utah?

ZIP 84058 is one of the more affordable among Utah ZIP codes for rent, ranking #69 of 79 at $1,484/mo. Over the year to September 2026, rent in ZIP 84058 changed +0.3%, against a typical +1.3% across the 66 Utah ZIP codes Zillow tracks.