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ZIP Code · UT

ZIP 84058

Part of Orem, UT
Pop. 35,099·Utah County·60th most expensive ZIP in Utah
Median rent (all units)
$1,551/mo
Year-over-Year
+5.9%
Month-over-Month
+3.5%
vs US Median
-$414
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 84058 · $1,551
More affordable than 70% of US ZIP codes · National median $1,965/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: July 20, 2026

Annual cost
$18,612/yr
At $1,551/mo median
Location
CityOrem
StateUT
CountyUtah County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 5.9% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+5.9% YoY, +3.5% 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
25
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
$1,154 → $1,551
up 34.4%
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 $1,154 to $1,551, up 34.4% 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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Local insights

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About renting in ZIP 84058

Last updated: July 20, 2026

ZIP code 84058 covers Orem, UT. The median rent here is $1,551/mo as of July 2026. A 1-bedroom rents for a median of $1,270/mo. A 2-bedroom rents for a median of $1,470/mo.

At 25% of local median household income ($74,553/yr), ZIP 84058 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.9% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 84058?

As of July 20, 2026, the median monthly rent in ZIP 84058 (Orem, UT) is $1,551. This is based on aggregated data from public sources and community submissions.

How does ZIP 84058 rent compare to the US average?

ZIP 84058's median rent of $1,551/mo is $414 (21%) below the US national median of $1,965/mo.

How does ZIP 84058 compare to other ZIPs in Utah?

ZIP 84058 is among the more affordable ZIP codes in Utah, ranking #60 out of 79 ZIPs at $1,551/mo.

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 $62,000/year (~$30/hour full-time) to afford the median rent of $1,551/mo in ZIP 84058. The local median household income is $74,553/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 84058?

Rent in ZIP 84058 has increased 5.9% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 84058 an affordable place to rent?

ZIP 84058 is considered affordable for renters. At $1,551/mo, rent takes approximately 25% of the local median household income ($74,553/yr). The standard benchmark is 30%. ZIP 84058 falls comfortably within that range.

What percentage of ZIP 84058 residents rent vs. own?

According to Census data, approximately 57.9% of ZIP 84058 households are renters, while 42.1% are owner-occupied. With a majority renter population, ZIP 84058 has a strong rental market.

How does ZIP 84058 compare to the rest of Orem?

ZIP 84058 is pricier than Orem as a whole. At $1,551/mo, it's $31 above the Orem citywide median of $1,520/mo.

When was rent data for ZIP 84058 last updated?

Rent data for ZIP 84058 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
25%
AFFORDABLE

At $1,551/mo, rent takes ~25% of ZIP 84058's median household income ($74,553/yr). The standard benchmark is 30%.

ZIP 84058 25%Benchmark 30%
State income tax4.55%
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Schools nearby

Public schools near ZIP 84058 (Orem, UT)

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