Rental market snapshot for Provo, Utah

Provo, Utah Rental Property Market Overview

The average rent for an apartment in Provo is $1,354. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has increased by 36.9% over the past year.

Provo is a city in Utah County, Utah, United States. It is the county seat and the largest city in Utah County. With a population of 118,316 at the 2010 census, Provo is the principal city in the Provo-Orem metropolitan area, which had a population of 526,810 at the 2010 census. It is the third-largest metropolitan area in Utah after Salt Lake City and Ogden-Clearfield.

Last Updated December 23, 2022

Get updates straight to your inbox

Whenever this data is updated, you'll be the first to know. Don't miss out on crucial market insights.

Sign up

Average monthly rent graph in Provo Utah | Cost of Living

  • The most expensive ZIP Code in Provo is 84604 with an average price of $1,300
  • The cheapest ZIP Code in Provo is 84606 with an average price of $545

Provo ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
184604$1,300
284601$1,045
384606$545

Live near Provo, Utah's Top Sights and Attractions

The BYU Duck Pond is a man-made pond located on the campus of Brigham Young University in Provo, Utah. The pond is home to a variety of ducks and geese, and is a popular spot for students to relax and take a break from their studies.

Pioneer Park is a large park located in the center of Provo. The park features a playground, a pavilion, a pond, and a walking trail.

The Monte L Bean Life Science Museum is a museum in Provo, Utah that is dedicated to the life sciences. The museum has exhibits on topics such as evolution, ecology, and biodiversity. The museum also has a live animal collection, which includes reptiles, amphibians, birds, and mammals.

Memorial Park is a large park with a playground, a pond, and a walking trail. The park is located in the center of the city and is surrounded by residential neighborhoods.

Kiwanis Park is a beautiful park located in the heart of Provo. The park features a large pond, a playground, a picnic area, and a walking trail. The pond is a popular spot for fishing, and the playground is a great place for kids to burn off some energy. The picnic area is perfect for a family lunch, and the walking trail is a great way to get some fresh air.

Sertoma Park is a beautiful park located in Provo, Utah. The park has a playground, a pavilion, and a walking trail. The pavilion is a great place to have a picnic, and the playground is perfect for the kids. The walking trail is a great way to get some exercise, and it's also a great place to take in the scenery.

The Museum of Art is an art museum in Provo, Utah. The museum has a collection of art from around the world, as well as a variety of temporary exhibitions.

Riverside Park is a large park located along the Provo River. The park features a playground, picnic areas, a walking path, and a fishing pier.

Provo, Utah area median rent change by ZIP Code map

Get updates straight to your inbox

Whenever this data is updated, you'll be the first to know. Don't miss out on crucial market insights.

Sign up

How does Provo compare to other cities in Utah ?

citymedian price
Clinton$2,295
West Jordan$2,100
Draper$1,599
Roy$1,730
Ogden$1,422
Vineyard$1,625

Average household income in Provo area graph - US Census

Get updates straight to your inbox

Whenever this data is updated, you'll be the first to know. Don't miss out on crucial market insights.

Sign up

The median household income in Provo in 2021 was $50,072. This represents a 25.9% change from 2011 when the median was $39,782.

#categorypercent
0Less than $10,0006.2%
1$10,000 to $14,9995.8%
2$15,000 to $19,9995.5%
3$20,000 to $24,9995.9%
4$25,000 to $29,9996.7%
5$30,000 to $34,9996.4%
6$35,000 to $39,9995.0%
7$40,000 to $44,9994.9%
8$45,000 to $49,9993.5%
9$50,000 to $59,9997.6%
10$60,000 to $74,99911.3%
11$75,000 to $99,99911.9%
12$100,000 to $124,9996.0%
13$125,000 to $149,9994.7%
14$150,000 to $199,9994.4%
15$200,000 or more4.2%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
Made withDataherald