Average Rent in Provo, UT↑ Rents rising 8.1% YoY

Provo, UT has rental prices ranging from $1,164/month to $2,275/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $1,171/month — 16% below the national average of $1,400/month. With a median household income of $96,745/year, spending $1,171/month on a 1-bedroom represents 15% of gross income — within the recommended 30% threshold.

How Provo Compares

With an average 2-bedroom rent of $1,355/month, Provo ranks #8 most expensive of the 25 cities tracked in Utah — pricier than 88% of all US cities in our data.

The Provo Rental Market

The Provo, UT area has a population of about 695,895 and 32% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Provo, UT have risen by $102/month (8.1%) over the past year, from $1,253 to $1,355. This rate of increase is significant and reflects strong rental demand and limited housing supply in the local market.

Affordability

To afford a 1-bedroom apartment in Provo, UT without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $46,840. The local median household income of $96,745 exceeds that threshold by $49,905, making Provo relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Provo, UT is $488,517, giving a price-to-rent ratio of 30.0. With a break-even horizon of approximately 30 years, renting is likely the more financially prudent option for most residents unless they plan to stay long-term.

Neighborhoods

Home values — and by extension rent levels — vary significantly across Provo's neighborhoods. Among the highest-value areas are Timp ($280,577 median home value), Franklin South ($337,990 median home value), Rivergrove ($356,703 median home value). Rental prices typically follow home value patterns, with premium neighborhoods commanding higher rents than outer areas. Renters on a tighter budget may find better value in less central neighborhoods or in adjacent metros with lower overall rent levels.

Is Provo, UT Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Provo?

Break-even analysis and mortgage estimates based on local market data.

Living in Provo

Cost of living, job market, crime rates, and moving cost estimates.