Orem, UT Rental Market
Orem is located directly north of Provo and serves as a complementary market to the BYU-driven economy, offering a slightly more suburban, family-oriented character. Utah Valley University — one of the fastest-growing universities in the US with over 42,000 students — is headquartered in Orem and generates significant student and faculty rental demand. The city's position between Provo and Salt Lake City on the I-15 tech corridor makes it accessible to Silicon Slopes employment across both counties.
Get a rent estimate for an address in OremAverage Rent in Orem, UT
$1,320
per month · 2026-06
Market Score
Key Facts — Orem, UT Rental Market
- Average rent in Orem, UT:$1,320/mo
- Median rent:$1,214/mo
- Rent range:$650 – $2,900/mo
- Most common rental (2 bedrooms):$1,150/mo
- Active listings:620
- Avg days to lease:30 days
- Year-over-year change:+3.0%
- Median home value:$340,000
- Est. gross annual yield:4.7%
- Data as of:2026-06
Rent by Bedroom in Orem, UT
Average monthly rent for each bedroom type based on current active listings in Orem.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $950/mo |
2 Bedrooms | $1,150/mo |
3 Bedrooms | $1,475/mo |
4 Bedrooms | $1,825/mo |
5 Bedrooms | $2,100/mo |
Orem Rental Market Statistics
Key indicators from the current Orem, UT rental market.
620
Available now in Orem
30
From list to lease
$1.02
Average across listings
1,300 sq ft
Typical rental size
$650 – $2,900
Min to max active listings
+3.0%
Avg rent vs. prior year
Investing in Orem, UT Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$340,000
Typical purchase price in Orem
Est. Gross Annual Yield
4.7%
Before expenses & vacancy
Avg Monthly Income
$1,320
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Orem for a full cash-flow breakdown including all costs.
Orem, UT Rental Market FAQ
Common questions about renting and investing in Orem, UT.
What is the average rent in Orem, UT?
The average rent in Orem, UT is $1,320 per month as of 2026. One-bedroom apartments average $950/mo, two-bedrooms average $1,150/mo, and three-bedroom homes average $1,475/mo. Areas near Utah Valley University attract student tenants, while Geneva Road and the expanding commercial core around University Parkway see growing demand from professional tenants.
Is Orem, UT a good place to invest in rental property?
Orem offers a 4.7% estimated gross yield with steady 3.0% year-over-year rent growth. Utah Valley University's 42,000+ students create strong demand for 1- and 2-bedroom units near campus, while the city's family-oriented character drives consistent demand for 3-bedroom rentals. Its I-15 corridor location provides easy access to both the Provo and Salt Lake County tech employment markets.
How competitive is the Orem, UT rental market?
Orem has approximately 620 active listings and averages 30 days on market — a moderate pace reflecting the market's steady but measured growth. Properties near UVU and along the University Parkway corridor lease fastest during the spring pre-fall leasing season. Family-sized rentals in established Orem neighborhoods see consistent year-round demand from professional and young family tenants.
Ready to Analyze a Property in Orem?
Get an instant rent estimate, cash-flow projection, and comparable rentals for any address in Orem, UT.
Analyze Now — It's Free