Provo multifamily market, October 2026

Neither side has the edge in Provo, and it is heating: asking rents are up 1.1% on a year, while jobs grew 1.8%.

Updated October 30, 2026 · from Zillow, BLS and the US Census Bureau

+1.1%

Asking rent, year over year

Zillow · September 2026

+1.8%

Jobs, year over year

BLS · September 2026, preliminary

3.0%YEARLY

Vacancy

Census · 2024 count

What is moving now

Asking rents are up 1.1% on a year to September 2026, which is the figure the condition is read from. Jobs are up 1.8% over the same year to September 2026, a first release the BLS revises the following month. Jobs are growing (September 2026).

The backdrop

These are yearly Census counts, not this month's: 3.0% of rentals sat empty in 2024, permits for new apartments were up 62% in 2025, more people moved in than out in 2025, and the typical rent was $1,611 a month in 2024. They are the background the monthly figures move against, and they are the newest the Census has published.

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Common questions about Provo

Answered from the data, updated October 30, 2026

Is the Provo rental market tight or soft right now?

In Provo right now, neither side has a clear edge, and it is heating.

Which way is the Provo market heading?

Provo is heating right now, as asking rents firm over the past year (Zillow ZORI, monthly).

Is Provo a landlord's or a renter's market?

Provo is a balanced market right now, with neither side holding a clear edge.

What is the vacancy rate in Provo?

Vacancy in Provo is 3.0% in the 2024 count, a yearly snapshot rather than a monthly reading (US Census Bureau).

How much have Provo rents changed?

Asking rents in Provo are up 1.1% over the past year (Zillow ZORI, monthly, latest Sep 2026).

Recent coverage

Daily, from the MetroSgnl news feed. Headlines only.

Provo’s next housing option could be in the backyardDeseret News

Rundown complex near BYU's campus could become new student housing option, but faces parking problemFOX 13 News Utah

Cities with the fastest-growing home prices in UtahStacker

See all Provo news →

Data: Zillow ZORI, BLS, US Census Bureau, FRED, and the MetroSgnl news feed. Recomputed daily. Market information only, not investment advice.
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