Providence, RI Rental Market Trends
The average rent for an apartment in Providence is $1,873, a 2% decrease compared to the previous year.
Average Rent in Providence, RI
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$1,873||-2%||816 sq. ft.|
The average size for a Providence, RI apartment is 816 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Providence, RI Apartment Rent Ranges
- > $2,00031%
Providence, RI Occupied Housing Units
- Renter-occupied Households42%
- Owner-occupied Households57%
26,417 or 42% of the households in Providence, RI are renter-occupied while 35,221 or 57% are owner-occupied.
Providence, RI Rent Trends
|Nov / 2016||Mar / 2017||Jul / 2017||Nov / 2017||Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Feb / 2020|
How Providence Compares to Other Cities
|Average Rent||Y-o-Y Change|
For more information about the Providence rental trends, check out our monthly rent report
Curious about listings in your area? Check out our apartments near you for more details!