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RentData.org Logo Provo-Orem Fair Market Rent FY 2023 Provo-Orem, UT MSA Rental Data

Fair Market Rent Prices in Provo-Orem, UT :
$1,001 $1,009 $1,156 $1,643 $1,969
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 40th Percentile Metro Area

Fair Market Rent prices in Provo-Orem are very high compared to the national average. This FMR area is more expensive than 91% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Provo-Orem is $1,156 per month.

The previous year, rent for a two-bedroom home was $1,041 per month. This is a 11.05% increase year-over-year.

This FMR rate applies to Eureka, UT, Levan, UT, Mona, UT, Nephi, UT and other cities within the region. The Metro Code or CBSA code for this region is METRO39340M39340.

Additionally, This Fair Market Rent (FMR) area Provo-Orem, UT MSA spans one county or city in Utah which is listed in the table below. Estimated population of Provo-Orem, UT MSA FMR area is 11,623 people based on latest Census data.

Compared to the rest of Utah, the Provo-Orem FMR area is more expensive than 80% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Provo-Orem. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Provo-Orem

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 1062
1-BR 1-Bedroom $ 1070
2-BR 2-Bedroom $ 1226
3-BR 3-Bedroom $ 1742
4-BR 4-Bedroom $ 2088
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

There is just one county (listed below) within the Provo-Orem, UT MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Salt Lake City.

County / Region Est. Population
Provo-Orem, UT Metro 11,623
Zip Codes in Provo-Orem, UT MSA

There are 4 unique zip codes in this Fair Market Rent (FMR) area:

84628, 84639, 84645 and 84648

Lookup Fair Market Rent by Zip Code

What's Next?

Here are some additional resources you may also be interested in:

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