The Freehand
1555 N Canyon Rd,
Provo, UT 84604
$1,129 - $1,649
Studio - 2 Beds
Rental Market Trends in Provo, UT
What is the average rent in Provo, UT?
$1,200/month
Average Rent
649 Sq Ft
Average Apartment Size
+0.8%
Increase in the Last Year
As of January 2026, the average rent in Provo, UT is $1,200 per month. This is 26% lower than the national average rent of $1,624/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 $1,202 per month for a studio, $1,200 for a one-bedroom apartment, and around $1,476 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,136 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 increased by 0.8%, which averages out to $10 more 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 2026
Legend
2025
2026
Rent Ranges in Provo, UT
Last Updated January 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
8%
Below $700/month
25%
$700 - $1,000/month
45%
$1,001 - $1,500/month
16%
$1,501 - $2,000/month
6%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Provo?
Based on current rent prices, Carterville, Foot Hills and Oak Hills 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, River Bottoms, Riverside and South Temple 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, South Temple and East Bay .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Provo, UT?
Because the average rent in Provo is $1,200, you’ll want to make about $4,000 per month or $48,000 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.
Cost of Living
The cost of living in Provo, UT is 2.4% lower than the national average. Generally, housing in Provo is 4.0% more expensive than the national average, with rent falling between $1,200 - $2,136. You can expect to pay 3.8% less for groceries, 19.9% less for utilities, and 3.6% more for transportation.
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
$1,184/month
$1,365/month
One Bedroom
$1,243/month
$1,562/month
Two Bedroom
$1,234/month
$2,048/month
Three Bedroom
-
$2,641/month
Nearby City Rent Trends
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Methodology
† 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 November 2025.
* Percentages may not total 100 due to rounding.