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RentData.org Logo Provo-Orem Fair Market Rent FY 2021 Provo-Orem, UT MSA Rental Data

Fair Market Rent Prices in Provo-Orem, UT :
$776 $827 $943 $1,350 $1,633
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Provo-Orem are high compared to the national average. This FMR area is more expensive than 88% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Provo-Orem is $943 per month.

The previous year, rent for a two-bedroom home was $926 per month. This is a 1.84% increase year-over-year.

This FMR rate applies to Elberta, UT, Eureka, UT, Goshen, UT, Levan, UT, Cedar Valley, UT, Mona, UT, Nephi, UT, Mapleton, UT, Salem, UT, Santaquin, 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 two counties or cities in Utah which ares listed in the table below. Estimated population of Provo-Orem, UT MSA FMR area is 0 people based on 2000 Census data.

Compared to the rest of Utah, the Provo-Orem FMR area is more expensive than 77% 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 $ 819
1-BR 1-Bedroom $ 874
2-BR 2-Bedroom $ 996
3-BR 3-Bedroom $ 1425
4-BR 4-Bedroom $ 1724
Change Year:

The counties, cities, towns, and regions listed below fall into the Provo-Orem, UT MSA FMR area and have the same Fair Market Rent prices which are listed above. This FMR area covers one metro area: Salt Lake City.

County / Region Est. Population
Juab County, UT Metro 0
Utah County, UT Metro 0
Zip Codes in Provo-Orem, UT MSA

There are 31 unique zip codes in this Fair Market Rent (FMR) area:

84003, 84004, 84005, 84013, 84032, 84042, 84043, 84045, 84057, 84058, 84059, 84062, 84097, 84601, 84602, 84603, 84604, 84605, 84606, 84626, 84628, 84633, 84639, 84645, 84648, 84651, 84653, 84655, 84660, 84663 and 84664

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