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Studio Apartment for Rent in Payson, UT

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    $1,100 Per Month

    • Studio
    • 1 Bath
    • 400 Sq Ft
    • Condo for Rent

    174 W Utah Ave Unit Studio Apt, Payson, UT 84651

    Studio Apartment in Payson! Located in the heart of Payson, close to public transportation, shopping, trails, and parks. Washer & Dryer includedVirtual Tour: Rent: $1100/monthSecurity Deposit $1100 OACLeasing Fee $300Tech Fee: $50/monthTenant Utilities: $150 Monthly Utility FeeTerm: 12 months with the option to renew afterAnimals are accepted on a

    174 W Utah Ave Unit Studio Apt, Payson, UT 84651

Why Live in Payson

Payson, Utah, is an up-and-coming city with a rich history and a growing population of over 23,000 residents. Located conveniently near Provo and Salt Lake City, Payson offers larger, more affordable housing options compared to its northern neighbors. The city features diverse home styles, including single-story cottages in Heritage Village, modern contemporary two-stories in Canyonway, and multi-million-dollar homes along the foothills of Mount Loafer. The Nebo School District serves the community with eight schools, and the soon-to-open Mountainland Technical College Payson Campus will offer programs in culinary arts, automotive tech, and digital design. Payson boasts numerous attractions, such as Memorial Park with its pickleball courts, playground, and outdoor stage, and the Gene Hillman Recreational Complex with baseball, softball, and soccer fields. The Payson Community Pool provides slides and a lap pool, while the Mt. Nebo Loop and Lincoln Beach offer scenic outdoor recreation. Historic Downtown Payson features old-timey rowhouse buildings, Eli’s Old School Ice Cream and Soda Shop, and the Huish Theatre. The city hosts annual events like the Salmon Supper and Onion Days festival, fostering strong community spirit. Commuters benefit from quick access to I-15, with Spanish Fork, Orem, and Provo all within 25 miles, and Provo Airport 17 miles away. Payson has lower crime rates compared to state and national averages, though the area is at moderate wildfire risk, potentially affecting insurance rates.

Frequently Asked Questions

How much does it cost to rent a home in Payson, UT?
The median rent for a home in Payson, UT is $1,700 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Payson, UT?
To comfortably afford the median rent in Payson, UT, a household needs to earn roughly $68,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,700 per month in Payson, UT, renters typically need to show $5,100 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Payson, UT?
In Payson, UT, the price-to-rent ratio is 17.0, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Payson, UT are best for renting a home?
The best neighborhood for renting in Payson, UT depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Downtown Provo, Rivergrove and Joaquin, each with its own character and price range.

Rental Trends in Payson, UT

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$1,700
Median Single Family Home Rent
$2,075
Median Townhouse Rent
$1,895
Median Condo Rent
$1,345
How to Rent a Home