The Boulders
750 S 650 W,
Provo, UT 84601
1-3 Beds | $1,191 - $1,630
Rental Market Trends in Provo, UT
What is the average rent in Provo, UT?
$1,195/month
Average Rent
654 Sq Ft
Average Apartment Size
-0.8%
Decrease in the Last Year
As of January 2025, the average rent in Provo, UT is $1,195 per month. This is 23% lower than the national average rent of $1,554/month, making renting in Provo more affordable than most cities in the US. When you rent an apartment in Provo, you can expect to pay about $1,166 per month for a studio, $1,195 for a one-bedroom apartment, and around $1,438 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,933 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Provo, UT?
In the past year, rent has decreased by 0.8%, which averages out to $9 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated January 2025
Legend
2024
2025
Rent Ranges in Provo, UT
Last Updated January 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
12%
Below $700/month
22%
$700 - $1,000/month
41%
$1,001 - $1,500/month
22%
$1,501 - $2,000/month
4%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Provo?
Based on current rent prices, Carterville, North Park and Franklin South are the most affordable neighborhoods in Provo.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Provo?
Based on current rent prices, Riverside, Maeser and River Bottoms are the most expensive neighborhoods in Provo.
Neighborhood
Average Rent
Average Sq Ft
Which Provo neighborhoods have the most rentals available?
The neighborhoods in Provo with the most apartments available are Downtown Provo, East Bay and Riverside .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Provo, UT?
Because the average rent in Provo is $1,195, you’ll want to make about $3,983 per month or $47,796 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.
How does Provo, UT compare to other nearby cities and neighborhoods?
Use the tool below to compare Provo, 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.
Studio
$1,174/month
$1,340/month
One Bedroom
$1,240/month
$1,484/month
Two Bedroom
$1,264/month
$1,876/month
Three Bedroom
-
$2,456/month
Nearby City Rent Trends
Apartment communities in Provo we think you'll love
Property Management Companies in Provo, UT
Redstone Residential
-
43
Communities
-
6,908
Units
-
25
Cities
5 Communities in Provo
Cornerstone Residential
-
94
Communities
-
12,012
Units
-
44
Cities
3 Communities in Provo
PEG Companies
-
25
Communities
-
3,190
Units
-
19
Cities
3 Communities in Provo
ICO Companies
-
10
Communities
-
2,488
Units
-
8
Cities
2 Communities in Provo
AMC
-
656
Communities
-
128,835
Units
-
257
Cities
1 Community in Provo
FPI Management
-
598
Communities
-
103,813
Units
-
217
Cities
1 Community in Provo
Avenue5 Residential
-
516
Communities
-
113,379
Units
-
200
Cities
1 Community in Provo
Horizon Realty Advisors
-
40
Communities
-
9,621
Units
-
27
Cities
1 Community in Provo
Learn More with Helpful Articles
Rental management, simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
Methodology
† 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.
* Percentages may not total 100 due to rounding.