Apartments for Rent in Providence, RI

The best apartments in Providence, RI are: Nightingale Apartments, Westminster Lofts, Regency Plaza, Huntington Exchange Providence and Charles Landing.

The average rent in Providence, RI is $2,579.

The price range for a studio apartment in Providence, RI is between $1,445 and $23,043.

The price range for a 1-bedroom apartment in Providence, RI is between $1,445 and $24,896.

The price range for a 2-bedroom apartment in Providence, RI is between $1,350 and $38,948.

The price range for a 3-bedroom apartment in Providence, RI is between $1,050 and $38,923.

In Providence, 59% of the residents are renting compared to 41% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 18% of Providence's rentals, 74% are small-scale complexes with under 50 units, and 8% are single-family rentals.

The average age of rental buildings in Providence is 44 years old, with 22% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 6 stories, of which 57% are garden-style apartment communities, 39% are mid-sized buildings, and 23% are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Rental apartments in Providence come in a range of sizes and floorplans. Studio apartments represent 15% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 49% of the total apartments in the city, while 2-bedroom floorplans represent around 26% of all rentals in Providence. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.