Last updated
Average Rent in Provo Canyon & Rent Trends
Rent prices and market trends across 1 apartment community in Provo Canyon, Orem, UT. Updated daily.
Market Average
$2,341/mo
Lowest Available
$2,114/mo
cheapest unit on market
Communities
1
tracked daily
Units Listed
5
available now
Provo Canyon vs Orem, UT Average
Provo Canyon is more expensive the Orem, UT average by $564/mo (32%). The citywide average is $1,777/mo across all neighborhoods.
Is Rent Going Up or Down in Provo Canyon?
As of June 2026, the average rent in Provo Canyon is $2,341 per month across 1 apartment community and 5 available units.
The most affordable option is Fossil Cove Townhomes starting at $2,114/mo. By unit type, a 2-bedroom averages $2,206/mo, a 3-bedroom averages $2,224/mo, a 4-bedroom averages $2,864/mo.
Prices range from $2,114 to $2,864 per month. The most common price point is the $2,200 range, where 3 units are currently listed.
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Provo Canyon
Rent Prices by Apartment in Provo Canyon
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Fossil Cove Townhomes | $2,114/mo | $2,341/mo | 5 | 4.1 |
Google Search Trends for Provo Canyon Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Provo Canyon
What is the average rent in Provo Canyon?
Is rent going up or down in Provo Canyon?
What is the cheapest apartment in Provo Canyon?
How many apartments are available in Provo Canyon?
What salary do I need to live comfortably in Provo Canyon?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$94,000/year
Based on the 30 percent rule, using our tracked average rent of $2,341/mo.
Comfortable income
$112,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($2,114/mo), you need to earn at least $85,000/year.
Median household income in Provo Canyon is $81,292 , about 28% below the comfortable-living threshold.
Cost of living in Provo Canyon
Overall prices in Provo Canyon runs below the national average by about 4% (BEA Regional Price Parity index 95.7, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Provo Canyon's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,341 |
| Utilities | $461 |
| Groceries | $511 |
| Transportation | $1,099 |
| Healthcare | $536 |
| Other goods and services | $858 |
| Estimated total | $5,807/mo |
Population
97,048
Median household income
$81,292
Census median rent
$1,405/mo
Rent as % of income
28.7%
Median age
26.9
Mean commute
20 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Explore Provo Canyon Apartments
Browse all 1 communities with daily-updated pricing and availability.