Rent to own Homes in Provo, UT

Provo, Utah, has received lots of mentions as a great place to live from many publications, including Where to Retire, National Geographic Adventure, and Forbes. Located about 40 miles south of Salt Lake City, Provo lies between Utah Lake and the Wasatch mountain range, and is central to the Provo-Orem metropolitan area, which has a population of more than half a million residents. The city is home to Brigham Young University and also the largest training center for the Church of Jesus Christ of Latter-day Saints missionaries. Provo has been a technology development focus area for the state and is home to Novell, a leading software company, as well as many smaller tech firms.

Provo, UT is a great place for affordable rent-to-own homes! With a median household income of over $50,072 and a median rent of $901, the Provo, UT rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Provo, UT. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.

Check out Provo, UT rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
471 S ALPINE HWY
Rent To Own
 
Single Family Home
Alpine, UT 84004
7
4
3332 ft2
1970
13089 S CRYSTAL SPRING DR
Rent To Own
Draper Historic District
Single Family Home
Draper, UT 84020
5
4
4390 ft2
2004
13549 S MUHLENBURG WAY
Rent To Own
Riverton
Single Family Home
Riverton, UT 84065
6
4
4010 ft2
2006
3428 S 300 E
Rent To Own
 
Townhouse/Condo
Salt Lake City, UT 84115
4
4
2072 ft2
1960
Hot
3424 S 300 E
Rent To Own
 
Single Family Home
Salt Lake City, UT 84115
2
1
1036 ft2
1907
5178 S CHARLOTTE AVE
Rent To Own
 
Single Family Home
Salt Lake City, UT 84118
3
2
1176 ft2
1959
614 S 500 W #3
Rent to Own Eligible
Franklin South
Townhouse/Condo
Provo, UT 84601
2
1
761 ft2
1984
947 S 900 E
Rent to Own Eligible
Spring Creek
Single Family Home
Provo, UT 84606
4
1
1166 ft2
1956
New
1084 W 1360 S
Rent to Own Eligible
Sunset Heights
Townhouse/Condo
Orem, UT 84058
3
2
1198 ft2
2000
New
98 E 600 S #20
Rent to Own Eligible
Orem South
Townhouse/Condo
Orem, UT 84058
2
1
825 ft2
1979
902 INDEPENDENCE AVE
Rent to Own Eligible
River Grove
Townhouse/Condo
Provo, UT 84604
3
2
1343 ft2
1998
861 W COLUMBIA LN #22
Rent to Own Eligible
 
Townhouse/Condo
Provo, UT 84604
3
1
1039 ft2
1994
2065 CALIFORNIA AVE #B
Rent to Own Eligible
Provo South
Townhouse/Condo
Provo, UT 84606
3
1
1073 ft2
1979
Hot
721 S 400 W
Rent to Own Eligible
Orem South
Single Family Home
Orem, UT 84058
2
1
1050 ft2
1954
180 N 85 E
Rent to Own Eligible
Sharon
Townhouse/Condo
Orem, UT 84057
3
2
706 ft2
1993
947 W 1010 N #415
Rent to Own Eligible
Bonneville
Townhouse/Condo
Orem, UT 84057
3
2
1442 ft2
2007
1 of 20 1030 N 995 W
Rent to Own Eligible
Bonneville
Single Family Home
Orem, UT 84057
3
2
1442 ft2
2008
New
1791 WILLOWBROOK DR
Rent to Own Eligible
 
Townhouse/Condo
Provo, UT 84604
2
2
1120 ft2
1979
1204 N GENEVA RD
Rent to Own Eligible
Lake View North
Single Family Home
Provo, UT 84601
4
2
1584 ft2
1899
209 E 4735 N
Rent to Own Eligible
River Bottoms
Townhouse/Condo
Provo, UT 84604
3
3
1392 ft2
1972
952 E 150 N
Rent to Own Eligible
Foot Hills
Single Family Home
Provo, UT 84606
3
1
1053 ft2
1949
986 E 1060 S
Rent to Own Eligible
Spring Creek
Townhouse/Condo
Provo, UT 84606
3
3
1640 ft2
2018
1700 Sandhill Rd
Rent to Own Eligible
Lakeview
Single Family Home
Orem, UT 84058
2
1
790 ft2
2017
New
181 N 800 E
Rent to Own Eligible
Cascade
Single Family Home
Orem, UT 84097
2
1
725 ft2
1956
New
908 W 2000 N
Rent to Own Eligible
Carterville
Single Family Home
Provo, UT 84604
3
1
1131 ft2
1957
New
776 N 300 E
Rent to Own Eligible
Sharon
Single Family Home
Orem, UT 84057
3
1
912 ft2
1948
New
577 N 100 W #7
Rent to Own Eligible
North Park
Townhouse/Condo
Provo, UT 84601
2
2
836 ft2
1995
75 N 1810 W
Rent to Own Eligible
Fort Utah
Single Family Home
Provo, UT 84601
2
1
747 ft2
1943
98 E 600 S
Rent to Own Eligible
Orem South
Single Family Home
Orem, UT 84058
2
1
825 ft2
1979
New
708 N 400 W
Rent to Own Eligible
Geneva
Townhouse/Condo
Orem, UT 84057
2
2
1454 ft2
1983
1 of 24 389 W 400 N
Rent to Own Eligible
Timp
Single Family Home
Provo, UT 84601
2
1
704 ft2
1994
New
1405 S 1420 E
Rent to Own Eligible
Provo South
Townhouse/Condo
Provo, UT 84606
3
2
1320 ft2
1984
2382 W 510 N
Rent to Own Eligible
Lake View South
Townhouse/Condo
Provo, UT 84601
2
2
1064 ft2
1994
New
1320 S STATE ST #D201
Rent to Own Eligible
Maeser
Townhouse/Condo
Provo, UT 84606
2
1
854 ft2
2021
1565 N 1150 W
Rent to Own Eligible
 
Townhouse/Condo
Orem, UT 84057
3
3
1571 ft2
2006
New
1 of 14 331 Belmont Pl
Rent to Own Eligible
Foot Hills
Single Family Home
Provo, UT 84606
3
2
1212 ft2
1999
1648 HICKORY LN
Rent to Own Eligible
 
Townhouse/Condo
Provo, UT 84604
2
2
1120 ft2
1980
Hot
85 E 100 N
Rent to Own Eligible
Sharon
Single Family Home
Orem, UT 84057
3
1
1452 ft2
1953
1485 S 110 E
Rent to Own Eligible
Cherry Hill
Townhouse/Condo
Orem, UT 84058
2
1
803 ft2
1994
1320 S STATE ST #D403
Rent to Own Eligible
Maeser
Townhouse/Condo
Provo, UT 84606
2
1
905 ft2
2021
206 N 750 E
Rent to Own Eligible
 
Townhouse/Condo
Vineyard, UT 84059
3
3
1628 ft2
2014
1320 S STATE ST #D301
Rent to Own Eligible
Maeser
Townhouse/Condo
Provo, UT 84606
2
1
854 ft2
2021
New
1897 W 960 N
Rent to Own Eligible
River Grove
Townhouse/Condo
Provo, UT 84604
3
3
1418 ft2
2008
Hot New
1750 WILLOWBROOK DR
Rent to Own Eligible
 
Townhouse/Condo
Provo, UT 84604
2
2
1120 ft2
1979
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Buying a Home in Provo, UT

Provo, UT is seeing rapid growth and Provo, UT's' housing market remains not optimal with an average home price that is 37% above the 2024 national average. Provo, UT is part of Utah county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Utah is 0.55% which is below the national average, which is 0.99%.

Median Home Price in Provo, UT

Median Rent in Provo, UT

Rent to own homes offer low monthly payments and flexible terms.

Top Reasons to Live in Provo UT

Housing Statistics As of September, 2013, the average home sales price in Provo was $199,000, and the metro area saw 9,850 sales transactions. There are 30,412 houses in Provo and 29,225 are occupied, giving it a vacancy rate of 4 percent. Renters occupy 57 percent of the homes in Provo, which is consistent with the state average. Rental rates in Provo are almost 15 percent lower than the national average and average apartment rental rates hover around $500 per month for a one to two bedroom apartment. There are typically between 300 and 400 homes for sale at any given time, and a number of rent to own homes are available.

Largest Employers and Industries Brigham Young University employs over 4,000 people in Provo, and the connected missionary training center employs an equal number. NuSkin, a company that makes and markets personal care products and dietary supplements, employs about 3,700 people. The home security and energy conservation company, Vivint, employs 3,000. Other large employers are the Utah Valley Regional Medixal Center, Provo School District, Novell, Utah County, Ancestry.com and the City of Provo. Additionally, there are five companies in Provo that are listed on the Inc. 5000 list of fastest-growing private businesses in the U.S. They include DieCuts With a View, VitalSmarts, and Connect Public Relations.

School Systems The Provo School District runs all of the public schools in the city, with a board comprised of seven members representing districts in the city. There are three high schools, two middle schools and thirteen elementary schools, as well as an e-school for residents. Freedom Academy is an independent school system that currently runs a K-8 program and is planning to add a high school to its northwest Provo campus. Walden School of Liberal Arts is a K-12 Montessori program that blends math, science, language arts, humanities and fine arts with its Montessori curriculum.

Neighborhoods Provo has five general areas divided into 34 smaller, distinct neighborhoods. The Neighborhood Program was designed under the City Council's direction to facilitate communication between local government and citizens. Each of the neighborhoods has a Neighborhood Officer assigned as part of the Community Oriented Policing Program (C.O.P.) to enhance communications. The five areas are described here: