Rentometer, Inc. | Data as of 10/24/2025
Orem’s rental market offers a diverse mix of apartments and single‑family homes that cater to students, young professionals, and growing families alike. Conveniently situated near Utah Valley University and just a short drive from the Wasatch Front, the city blends easy access to campus life with outdoor recreation, including nearby Provo Canyon and the scenic Utah Lake shoreline. Neighborhoods such as the historic downtown district, the family‑friendly McKay Creek area, and the newer East Orem developments each provide distinct character, from walkable retail corridors to quiet, tree‑lined streets.
Apartment options in Orem typically fall into the $1200s for studios and one‑bedroom units, with two‑bedroom rentals averaging in the $1500s and three‑bedroom spaces reaching the $1700‑$1900 range. Larger floor plans command premium rates, often landing in the $2500+ bracket for spacious four‑plus bedroom homes. Single‑family houses follow a similar pattern, with one‑bedroom units in the $1100s, two‑bedroom homes around the $1400s‑$1500s, and three‑bedroom residences averaging near $1800. Premium four‑plus bedroom houses are available in the $2600 range, reflecting the demand for family‑oriented living spaces. These price tiers provide flexibility for renters seeking everything from compact student apartments to expansive family homes, all set against Orem’s backdrop of vibrant community amenities, well‑maintained parks, and easy access to the mountains.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,229 | $1,231 | $1,169 - $1,279 | $1,199 - $1,269 |
| Apartment | 1 Bedroom | $1,234 | $1,299 | $500 - $1,559 | $1,199 - $1,349 |
| Apartment | 2 Bedroom | $1,506 | $1,545 | $500 - $2,090 | $1,440 - $1,629 |
| Apartment | 3 Bedroom | $1,692 | $1,899 | $155 - $2,240 | $1,549 - $2,039 |
| Apartment | 4+ Bedroom | $617 | $602 | $525 - $775 | $589 - $629 |
| House | 1 Bedroom | $1,085 | $1,195 | $575 - $1,500 | $650 - $1,325 |
| House | 2 Bedroom | $1,480 | $1,400 | $950 - $2,150 | $1,299 - $1,650 |
| House | 3 Bedroom | $1,828 | $1,895 | $625 - $2,599 | $1,600 - $2,100 |
| House | 4+ Bedroom | $2,689 | $2,500 | $600 - $5,000 | $2,300 - $2,995 |
In the current period, the average rent in Orem was $1,230 for Studio, $1,206 for 1 Bedroom, $1,494 for 2 Bedroom, $1,798 for 3 Bedroom, and $2,160 for 4+ Bedroom.
Data provided by Rentometer, Inc.