Rental market trends in Orem, UT
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Average Apartment Cost in Orem, UT
Apartment Rent Ranges in Orem, UT
| Apartment Prices | Proportion | |||
|---|---|---|---|---|
3% | 8% | 48% | 23% | 18% |
Neighborhood Apartment Rent Trends in Orem, UT
| Neighborhood | Studio Avg Rent | Annual Change |
|---|---|---|
| Hillcrest | $1,344 | +4% |
| Sunset Heights | $1,249 | -- |
| Sunset Heights East | $1,249 | -- |
| Neighborhood | 1 Bed Avg Rent | Annual Change |
|---|---|---|
| Hillcrest | $1,444 | +5% |
| Downtown | $1,414 | +5% |
| Lakeview | $1,360 | -- |
| Timpview | $1,344 | -1% |
| Orem City Center | $1,289 | -5% |
| Suncrest | $1,289 | -5% |
| Sunset Heights | $1,165 | -- |
| Sunset Heights West | $1,165 | -- |
| Arts District | $1,149 | -- |
| Stonewood | $1,149 | -2% |
| Neighborhood | 2 Beds Avg Rent | Annual Change |
|---|---|---|
| Hillcrest | $1,694 | 0% |
| Downtown | $1,587 | -2% |
| Orem City Center | $1,587 | -2% |
| Suncrest | $1,587 | -2% |
| Lakeview | $1,575 | -- |
| Timpview | $1,549 | -5% |
| Orem North | $1,449 | -- |
| Arts District | $1,449 | -- |
| Stonewood | $1,449 | -3% |
How Other Cities Compare to Orem, UT
| City | Studio Avg Rent | Annual Change |
|---|---|---|
| South Salt Lake | $1,763 | -- |
| West Valley City | $1,499 | 0% |
| Salt Lake City | $1,473 | +3% |
| Millcreek | $1,410 | -- |
| Sandy | $1,357 | -18% |
| South Jordan | $1,329 | -7% |
| Draper | $1,301 | -1% |
| Herriman | $1,300 | -- |
| Midvale | $1,299 | +5% |
| Provo | $1,212 | +4% |
| American Fork | $1,207 | -11% |
| Cottonwood Heights | $1,180 | -- |
| West Jordan | $1,099 | -- |
| City | 1 Bed Avg Rent | Annual Change |
|---|---|---|
| Lehi | $1,517 | -13% |
| Sandy | $1,515 | +1% |
| Salt Lake City | $1,494 | +16% |
| Draper | $1,482 | 0% |
| Millcreek | $1,482 | -- |
| South Jordan | $1,475 | +3% |
| Herriman | $1,457 | +8% |
| Springville | $1,424 | -- |
| Murray | $1,424 | -7% |
| American Fork | $1,412 | -3% |
| Provo | $1,403 | +73% |
| North Salt Lake | $1,394 | -- |
| West Valley City | $1,384 | +2% |
| Tooele | $1,350 | -4% |
| West Jordan | $1,341 | -2% |
| Taylorsville | $1,331 | +4% |
| Magna | $1,273 | -7% |
| Midvale | $1,269 | -2% |
| South Salt Lake | $1,204 | -- |
| Bountiful | $1,200 | -24% |
| City | 2 Beds Avg Rent | Annual Change |
|---|---|---|
| Cottonwood Heights | $2,259 | +74% |
| Heber City | $2,245 | -25% |
| Herriman | $2,070 | +19% |
| Draper | $2,008 | +4% |
| Lehi | $1,912 | -8% |
| Salt Lake City | $1,904 | +14% |
| Sandy | $1,845 | -4% |
| Provo | $1,793 | +12% |
| South Jordan | $1,737 | 0% |
| American Fork | $1,678 | -5% |
| Springville | $1,654 | -- |
| West Jordan | $1,646 | -5% |
| Murray | $1,645 | -8% |
| West Valley City | $1,635 | -2% |
| South Salt Lake | $1,572 | -- |
| North Salt Lake | $1,524 | +10% |
| Millcreek | $1,507 | -3% |
| Midvale | $1,499 | -4% |
| Tooele | $1,499 | +61% |
| Magna | $1,499 | +13% |
| Bountiful | $1,420 | -28% |
| Taylorsville | $1,382 | -3% |
Orem, UT Rent Trends
| Studio | 1 Bed | 2 Beds | ||||||||||
| Oct 2023 | Nov 2023 | Dec 2023 | Jan 2024 | Feb 2024 | Mar 2024 | Apr 2024 | May 2024 | Jun 2024 | Jul 2024 | Aug 2024 | Sep 2024 | Oct 2024 |
| $1299 | $1299 | $1299 | $1279 | $1274 | $1269 | $1239 | $1229 | $1314 | $1299 | $1309 | $1324 | $1324 |
| $1344 | $1386 | $1394 | $1388 | $1366 | $1392 | $1388 | $1348 | $1384 | $1364 | $1399 | $1399 | $1399 |
| $1587 | $1598 | $1587 | $1578 | $1554 | $1594 | $1566 | $1584 | $1574 | $1574 | $1606 | $1606 | $1606 |
| $1949 | $1929 | $1819 | $1836 | $1839 | $1997 | $1986 | $1974 | $1924 | $1875 | $1810 | $1688 | $1688 |
Neighborhood Information for Orem, UT
What are the most affordable neighborhoods in Orem, UT?
The most affordable neighborhoods in Orem are Arts District, where the average 1-bedroom apartment rent goes for $1,149, Stonewood, where renters pay $1,149 on average for a 1-bedroom apartment, and Sunset Heights, where the average 1-bedroom apartment rent goes for $1,165. If you're looking for other great deals, check out the listings in Sunset Heights West ($1,165 for a 1-bedroom apartment) or Orem City Center ($1,289 for a 1-bedroom apartment), compared to the $1,399 average for an Orem 1-bedroom apartment.
What are the most expensive neighborhoods in Orem, UT?
The most expensive neighborhoods in Orem are Hillcrest, where the average rent for a 1-bedroom apartment is just $1,444. offering similar apartments at an average of Downtown, $1,414, and Lakeview, $1,360. For additional value-for-money options, consider Timpview ($1,344 for a 1-bedroom apartment) or Orem City Center ($1,289 for a 1-bedroom apartment). These prices represent a significant saving when compared to the Orem average for a 1-bedroom apartment, which stands at $1,399.
What are the most popular neighborhoods in Orem, UT?
The most popular neighborhoods in Orem are Hillcrest, where the average 1-bedroom apartment rent goes for $1,444, Stonewood, where renters pay $1,149 on average for a 1-bedroom apartment, and Lakeview, where the average 1-bedroom apartment rent goes for $1,360. If you're looking for other popular neighborhoods, check out the listings in Arts District ($1,149 for a 1-bedroom apartment) or Downtown ($1,414 for a 1-bedroom apartment), compared to the $1,399 average for an Orem 1-bedroom apartment.
