Concepts and technologies are disclosed herein for relocation of applications to optimize resource utilization. A processor executing a relocation management application can receive a request to relocate an application. The processor can identify a utilization associated with the application, identify prospective host resources capable of hosting the application, determine utilizations associated with the prospective host resources, and project prospective host resource utilizations based upon the utilization associated with the application and the utilizations associated with the prospective host resources. The processor can select a prospective host resource from the prospective host resources by selecting a resource that offers a most consistent projected utilization.