Apartments for Rent in Providence, RI - Rated by Verified Residents

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Apartments in Downtown Providence $2,718
Apartments in Fox Point $2,858
Apartments in Olneyville $2,018

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Average rent in Providence, RI

$2,501/mo Providence, RI average rental price, February 2025

The average monthly rent of apartments in Providence, RI is $2,501.

Providence, RI apartment rent ranges

Providence, RI rent trends

Check out the average rent prices in Providence by neighborhood.

Compared to the national average rent of $1,751, the average rent in Providence, RI is $2,501.

Getting around in Providence, RI

97 /100

Walker's Paradise

72 /100

Excellent Transit

79 /100

Very Bikeable

Walk Score®: 97, Transit Score®: 72, Bike Score®: 79

Frequently asked questions

When were prices and availability in Providence, RI last updated?

Prices and availability in Providence, RI were last updated on 26 Mar 2025.

What are the best apartments in Providence, RI?

The best apartments in Providence, RI are: Nightingale Apartments, Grant Mill, Rising Sun Mills, 110 Benefit Street Apartment Homes and 122 Benefit Street Apartment Homes.

What is the average rent in Providence, RI?

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

What is the price range for a studio apartment in Providence, RI?

The price range for a studio apartment in Providence, RI is between $1,465 and $24,465.

What is the price range for a 1-bedroom apartment in Providence, RI?

The price range for a 1-bedroom apartment in Providence, RI is between $1,400 and $15,972.

What is the price range for a 2-bedroom apartment in Providence, RI?

The price range for a 2-bedroom apartment in Providence, RI is between $1,350 and $23,287.

What is the price range for a 3-bedroom apartment in Providence, RI?

The price range for a 3-bedroom apartment in Providence, RI is between $1,050 and $24,465.

What type of rental buildings are in Providence, RI?

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 7% are single-family rentals.

What do typical apartment communities look like in Providence, RI?

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city.  In this case, the apartment buildings in Providence are about 43 years old, on average. Of these, 22% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 6 stories. About 56% of the rental communities here are low-rise, garden-style communities, 42% are mid-rises, and 23% are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

What apartment floorplans are common in Providence, RI?

Studio apartments in Providence are around 17% of rentals, while 1-bedroom floor plans represent 49% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 25% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.

Providence, RI in the news

Chicago, Silicon Valley Challenge Miami as Hottest Rental Markets

On the East Coast, Providence, RI — the fourth-hottest small market — is a magnet for students, young professionals, and families due to its universities, growing job market, and cultural attractions.

2023 Year-End Report: Miami Tops U.S. Hottest Markets, but the Midwest Heats Up the Competition

With zero apartments built recently, both newcomers and those already living in rental apartments in Providence faced fierce competition this year. On top of that, almost 68% of apartment dwellers in Providence renewed their leases, driving the occupancy rate to a high of 96.6%.

1 in 5 Millennials & Two-Thirds of Gen Z Struggle to Leave the Nest

The third spot is shared by the metro areas of New York and Providence, RI. Millennials claim the Big Apple with 28% living in multigenerational households, while the Renaissance City leans more toward Zoomers.

16.7 Million Americans Are Renting Alone; Salt Lake City Saw the Highest Surge

In Providence, RI, renters living without roommates represent 20% of the metro’s renter population. On average, their annual income is $36,354, which is 13% higher than a regular renter’s income in the area. This means that lone renters in Providence make an extra $4,380 per year, or $365 per month.

Competition for Apartments Intensifies in Midwest This Rental Season, but Miami Holds Onto 1st Place

Providence, RI, is the third most competitive small rental market in the nation. Here, the supply of housing is very limited, especially as no new apartments have been opened in the area recently. Thus, with less than 4% of units available in the area, 67.3% of renters chose to renew their leases in the busiest months for renting.

Living in Providence, RI

Bordered by Connecticut to the west, Massachusetts to the northeast, and Narragansett Bay to the southeast, Providence is a city in northern Rhode Island overlooking the Providence and Seekonk rivers. Specifically, the apartments for rent in Providence are 40 miles southeast of Worcester, MA; 50 miles south of Boston; and 70 miles east of Hartford, CT. Known for its reputable educational, culinary, and art centers, renters in Providence are culturally enriched by the Roger Williams Park Zoo, Rhode Island School of Design Art Museum, Providence Performing Arts Center and the Providence Children's Museum. Renters also benefit from the city's strong economic presence in the health care, education, and manufacturing industries, which attracts families, college students and artists. And, with one of the largest culinary institutes in the nation - Johnson & Wales University - renters will find everything from Italian food to German, Irish, Cajun, Cuban and Salvadoran cooking available. When renting in Providence, public education is delegated by Providence Public Schools.

The vibrancy of Providence is further accentuated by its diverse neighborhoods, each with its unique charm and history. The historic East Side features leafy streets lined with historic homes, while the revitalized downtown area boasts cutting-edge architecture and a bustling atmosphere. For the art enthusiast, Providence's Gallery Night offers a monthly citywide celebration of the arts, showcasing local talent in various venues.

Renting in Providence, RI

Here, downtown Providence has affordable apartments for rent in newer buildings close to attractions like Amica Mutual Pavilion and Providence Performing Arts Center. Or, the neighborhood of Elmhurst offers historical bungalow rentals and townhouses for rent near shops and restaurants, whereas Fox Point has colonial and Georgian revival-style houses for rent with budget-friendly apartments surrounded by attractions like Providence Flea and Community Boating Center. Additionally, Wayland features upscale condos and houses for rent near the Narragansett Boat Club with Tudor, neo-Georgian and modern designs. Meanwhile, renting in the neighborhood of Blackstone includes mid-century modern, Tudor and neo-Georgian houses for rent along historic, tree-lined streets. Finally, for small apartments for rent, high-rises, and single-family houses for rent in colonial and Georgian architectural styles, try looking in the neighborhood of Manton.

Shopping in Providence, RI

The oldest shopping mall in the country - The Arcade on Westminster Street - offers apartment rentals above the stores. Additional, Providence Place Mall (located on the city's East Side) features more than 100 boutique stores, retailers and restaurants. Otherwise, renters in need of urban fashion head to Thayer and Wickenden streets for independent boutiques and department stores like Boscov's, Michael Kors, Macy's and Old Navy. Or, NAVA and The Vault Collective offer vintage clothing and accessories, while Modern Love, Garbolino Boutique and Queen of Hearts showcase boutique clothing. And, for discount shopping, renters choose Marshalls and Walmart. Then, for decorating new apartment rentals, check out Homestyle. For groceries, there are apartment rentals near Whole Foods; Aldi; Stop & Shop, and Price Rite Marketplace.

Transportation in Providence, RI

Owning a personal vehicle is not necessary when renting in most parts of Providence, with the exception of certain outlying suburban areas that public transportation does not cover. Although renting in Providence provides access to I-95, Route 1 and Route 6, public transportation can be a great way to avoid looking for parking. To that end, the Rhode Island Public Transit Authority offers renters more than 40 fixed routes and seven express routes, including ADA-compliant services. Uber and Lyft are also available for ridesharing, or renters can access Amtrak services at the Gaspee Street station. Providence also encourages alternate means of transportation and has protected bike lanes. Finally, the Rhode Island T.F. Green International Airport serves the region.

Look for apartments near me

Are you looking to land that one apartment near you that ticks all the boxes? Now you can browse through available RentCafe apartment listings in your area, rated and reviewed by verified residents. Comparing the size, price, amenities and location of apartments for rent near you is easier than ever. Do you feel like expanding the search beyond your neighborhood and ZIP code? Browse apartments for rent in your city and state to find the best fit, wherever you are in the U.S. Somewhere out there is the perfect apartment just waiting for you.

Whether you're looking for a studio, an apartment with one or more bedrooms, or maybe you're upgrading to a luxury apartment or need to acommodate a pet, RentCafe allows you to easily search for a rental near you based on your criteria, anywhere in the U.S. So, let's find your new home today!

RentCafe is your one-stop shop for finding a great new apartment in Providence, RI. Easily search through a wide selection of apartments for rent in Providence, RI, and view detailed information about available rentals including floor plans, pricing, photos, amenities, interactive maps, and thorough property descriptions. Property owners and managers are one click away, so feel free to contact them and find out all you need to know about the apartment you’re interested in. Browse Providence, RI apartments with rents starting from $180 and submit your rental application today!

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!

STUDIO	$2,180+
1 BED	$2,852+
2 BEDS	$3,495+

STUDIO	$1,710+
1 BED	$1,512+
2 BEDS	$3,010

1 BED	$2,417+
2 BEDS	$3,253+
3 BEDS	Ask for Pricing

STUDIO	$1,662+
1 BED	$1,840+
2 BEDS	$2,350+

STUDIO	$1,925+
1 BED	$2,025+
2 BEDS	$2,350+

1 BED	$2,400
2 BEDS	$2,800+

STUDIO	$1,790+
1 BED	$1,835+
2+ BEDS	$2,425+

STUDIO	$2,500
2 BEDS	$2,750+
3 BEDS	$3,050+

STUDIO	$180+
1 BED	$2,400
2+ BEDS	$2,600

Apartments for Rent in Providence, RI 295 Rentals Available

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