Cheapest Neighborhoods in Provo, UT
Some of the cheapest neighborhoods in Provo are Downtown Provo, East Bay, and Carterville. These neighborhoods offer some of the lowest rent prices in Provo, making them ideal for renters on a budget. As of September 10, 2026, the average rent in Provo is $1,256, which is 1.7% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Downtown Provo
Average Rent
$1,352/Month
Year-Over-Year Rent Change
2.8%
Units Available
47 Rentals
Downtown Provo is a top choice for budget-conscious renters for a variety of reasons. The average rent in Downtown Provo is $1,352 while the city average is $1,256. This is a -2.8% difference from last year. Residents enjoy convenient access to Provo Town Square, Derrick Planetarium, and Brigham Young University.
East Bay
Average Rent
$1,421/Month
Units Available
12 Rentals
When you’re looking for a great Provo neighborhood on a budget, check out East Bay. The average rent is $1,421, compared to the city average of $1,256. East Bay is convenient to Monte L. Bean Life Science Museum, Brigham Young University, and Rocky Mountain University.
Carterville
Average Rent
$1,489/Month
Year-Over-Year Rent Change
9.3%
Units Available
10 Rentals
Carterville is an affordable neighborhood in Provo with an average rent price of $1,489. Compare this to the city average of $1,256. In the past year, rent prices have increased by 9.3%. Carterville provides easy access to 1735 N State St, Brigham Young University, and Provo Municipal.
Ready to make your move to Provo? Check out the rent specials, price drops, and great deals on ApartmentFinder.com!
Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.