Parkway Lofts
1225 W 1000 South,
Orem, UT 84058
Studio - 3 Beds | $1,199 - $2,439
$1,316/month
Average Rent
744 Sq Ft
Average Apartment Size
+0.6%
Increase in the Last Year
As of March 2025, the average rent in Orem, UT is $1,316 per month. This is 16% lower than the national average rent of $1,559/month, making renting in Orem more affordable than most cities in the US. When you rent an apartment in Orem, you can expect to pay about $1,227 per month for a studio, $1,316 for a one-bedroom apartment, and around $1,480 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,780 or more.
In the past year, rent has increased by 0.6%, which averages out to $8 more per month.
Based on current rent prices, Lakeview, Geneva and Windsor South are the most affordable neighborhoods in Orem.
Based on current rent prices, Orem North, Scera Park South and Hillcrest are the most expensive neighborhoods in Orem.
The neighborhoods in Orem with the most apartments available are Hillcrest, Scera Park South and Sunset Heights .
Because the average rent in Orem is $1,316, you’ll want to make about $4,386 per month or $52,632 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
The cost of living in Orem, UT is 4.0% higher than the national average. Generally, housing in Orem is 14.0% more expensive than the national average, with rent falling between $1,227 - $1,780. You can expect to pay 2.0% less for groceries, 7.6% less for utilities, and 7.9% more for transportation.
Use the tool below to compare Orem, UT to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
49
Communities
7,701
Units
26
Cities
645
Communities
126,670
Units
256
Cities
10
Communities
2,488
Units
8
Cities
514
Communities
113,365
Units
206
Cities
27
Communities
3,646
Units
21
Cities
614
Communities
105,379
Units
215
Cities
87
Communities
11,206
Units
42
Cities
43
Communities
11,621
Units
30
Cities
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.
* Percentages may not total 100 due to rounding.