Providence, RI Rental Market Trends
What is the average rent in Providence?
The average rent for an apartment in Providence is $2,579. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Providence, RI
Average Rent | Average Apartment Size |
---|---|
$2,579 | 862 sq. ft. |
What is the average apartment size in Providence?
The average size for a Providence, RI apartment is 862 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
Providence, RI Occupied Housing Units
41,507 or 60% of the households in Providence, RI are renter-occupied while 27,603 or 40% are owner-occupied.
Providence, RI rent trends

Average Rent in Providence, RI By Neighborhood
City | Average Rent |
---|---|
Downtown Providence | $2,745 |
Lower South Providence | $2,745 |
Smith Hill | $2,745 |
College Hill | $2,728 |
Fox Point | $2,728 |
Upper South Providence | $2,706 |
Federal Hill | $2,660 |
Valley | $2,660 |
Blackstone | $2,621 |
Wayland | $2,621 |
Elmhurst | $2,372 |
Hope | $2,208 |
Mount Hope | $2,208 |
Hartford | $2,196 |
Manton | $2,121 |
Mount Pleasant | $2,121 |
Olneyville | $2,121 |
Silver Lake | $2,121 |
West End Providence | $2,036 |
Charles | $1,975 |
Wanskuck | $1,975 |
Reservoir | $1,934 |
Elmwood | $1,686 |
South Elmwood | $1,686 |
What are the most affordable neighborhoods in Providence?
The most affordable neighborhoods in Providence are Elmwood, where the average rent goes for $1,686/month, South Elmwood, where renters pay $1,686/mo on average, and Reservoir, where the average rent goes for $1,934/mo. If you’re looking for other great deals, check out the listings from Charles ($1,975), Wanskuck ($1,975), and West End Providence ($2,036), where the asking prices are below the average Providence rent of $2,579/mo.
What are the most expensive neighborhoods in Providence?
The most expensive neighborhoods in Providence are Downtown Providence ($2,745), Lower South Providence ($2,745) and Smith Hill ($2,745).
What are the most popular neighborhoods in Providence?
The most popular neighborhood in Providence is College Hill, where there are 11 listings with an average rent of $2,728. Next up is Downtown Providence, where apartments go for $2,745/month, followed by Fox Point with $2,728 If you’re looking to rent in Providence’s most popular neighborhoods, make sure to also check out Olneyville, where renters pay $2,121 on average, and Federal Hill, where the average monthly rent is $2,660.
Providence | Rent Comparison by Neighborhood
Rent in Blackstone is 33% higher than in Charles
Blackstone rent is 2% higher than Providence average
Charles rent is 23% lower than Providence average
How Providence Compares to Other Cities
State | Average Rent |
---|---|
Fall River | $1,980 |
Providence | $2,579 |
Cranston | $1,860 |
East Providence | $2,046 |
Warwick | $1,921 |
Attleboro | $1,974 |
Newport | $1,999 |
North Kingstown | $2,553 |
Woonsocket | $1,340 |
Taunton | $2,092 |
Pawtucket | $1,906 |