Apartments in 84057

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$1,450
Orem, UT
3 BR | Available Now
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$1,150
Orem, UT
2 BR | Available Now
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How much does it cost to rent an apartment in 84057?

84057 apartments
Bed Type Average Rent Range
1BR $1,140 $730 - $1,300
2BR $1,300 $1,060 - $1,580
3BR $1,730 $1,450 - $1,750
4+BR $2,300 $2,100 - $2,450
Find an Apartment in 84057
Looking for apartments for rent in 84057, Orem, UT? We have you covered! Currently, there are 38 units available for rent in the 84057 area on Rentable. The average rent for these apartments is $1,330, and you can find a variety of floor plan types to suit your needs. The minimum rent for a floor plan type starts at $725.

One of the popular neighborhoods near 84057 is Timpanogos Park, which offers beautiful green spaces and recreational activities for residents. If you enjoy outdoor activities, you'll be pleased to know that several parks are dotted around the area, including Cascade Park and Nielsen's Grove Park.

With its convenient location in Orem, 84057 apartments provide easy access to various points of interest. The Utah Valley University campus is just a short drive away, making it an ideal choice for students. Additionally, Orem City Center and University Mall offer plenty of shopping, dining, and entertainment options for residents of the 84057 area.

When it comes to finding your next rental, Rentable has a range of apartments near 84057, Orem, UT to choose from. Explore our listings and discover the perfect place to call home for your needs and preferences.

Orem:
November Rent Report

Welcome to the November 2024 Orem Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 2024 key findings and figures for the Orem rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Orem and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Orem average rent prices in the chart below.

Monthly Rent Report

$1,900
$1,430
$950
$480
$0
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
1 BR       2 BR

Orem Rent Prices Decrease From October to November

Orem rent prices decreased over the last month. From October to November, the city experienced a 0.0% decrease for the price of a one-bedroom apartment. The rent price for a Orem one-bedroom apartments currently stands at $1,526.0.

When we take a look at the two-bedroom comparison from October to November, Orem experienced a -0.22% decrease for the price of a two-bedroom apartment. The rent price for a Orem two-bedroom apartments currently stands at $1,818.0.

November Prices: Orem vs. Surrounding Areas

Rent Prices in Orem and Surrounding Areas

Rent prices have decreased in Orem over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Orem suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Orem suburbs

  • Rents did not decrease in any of the Orem suburbs.

November 2024 Pricing Trends: Orem vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,211
$3,115
$2,373
$2,354
$1,903
$1,338
$1,246
$1,202
$0
$1,400
$2,800
$4,200
$5,600
Median Rent

Orem Rent Prices More Affordable Than Major Cities

Rent growth in Orem over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Orem average rent prices appear to be relatively affordable for local residents.

The price for a Orem one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Orem and surrounding area rent prices, take a look at the complete data set below.

Data set for Orem and suburbs

1 BR November 1 BR M/M % Change 2 BR November 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.