Warwick, RI Rental Market Trends
What is the average rent in Warwick?
The average rent for an apartment in Warwick is $1,430, a 5% increase compared to the previous year, when the average rent was $1,359.
Average Rent in Warwick, RI
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,430 | 5% | 865 sq. ft. |
What is the average apartment size in Warwick?
The average size for a Warwick, RI apartment is 865 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.
Warwick, RI Apartment Rent Ranges
Warwick, RI Occupied Housing Units
13,534 or 38% of the households in Warwick, RI are renter-occupied while 21,477 or 61% are owner-occupied.
Warwick, RI Rent Trends
| Average Rent | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Warwick, RI | $1,262 | $1,305 | $1,297 | $1,329 | $1,343 | $1,345 | $1,359 | $1,382 | $1,402 | $1,430 |
| National | $1,348 | $1,357 | $1,362 | $1,394 | $1,401 | $1,403 | $1,394 | $1,397 | $1,404 | $1,482 |
Average Rent in Warwick, RI By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Apponaug | $1,531 |
| Bald Hill | $1,531 |
| East Natick | $1,531 |
| Greenwood | $1,531 |
| Nausauket | $1,531 |
| Pontiac | $1,531 |
| City Centre Warwick | $1,479 |
| Buttonwoods | $1,479 |
| Hillsgrove | $1,479 |
| Cowesett | $1,477 |
| Chepiwanoxet Point | $1,373 |
| Coles | $1,342 |
| Conimicut | $1,342 |
| Hoxsie | $1,342 |
| Longmeadow | $1,342 |
| Oakland Beach | $1,342 |
| Rocky Point | $1,342 |
| Warwick Neck | $1,342 |
| Wildes Corner | $1,342 |
| Gaspee Point | $1,296 |
| Lakewood | $1,296 |
| Lincoln Park | $1,296 |
| Norwood | $1,296 |
| Palace Garden | $1,296 |
| Pilgrim Park | $1,296 |
What are the most affordable neighborhoods in Warwick?
The most affordable neighborhoods in Warwick are Gaspee Point, where the average rent goes for $1,296/month, Lakewood, where renters pay $1,296/mo on average, and Lincoln Park, where the average rent goes for $1,296/mo. If you’re looking for other great deals, check out the listings from Norwood ($1,296), Palace Garden ($1,296), and Pilgrim Park ($1,296), where the asking prices are below the average Warwick rent of $1,430/mo.
What are the most expensive neighborhoods in Warwick?
The most expensive neighborhoods in Warwick are Greenwood ($1,531), Nausauket ($1,531) and Pontiac ($1,531).
What are the most popular neighborhoods in Warwick?
The most popular neighborhood in Warwick is Oakland Beach, where there are 5 verified RENTCafé listings with an average rent of $1,342. Next up is Apponaug, where apartments go for $1,531/month, followed by Buttonwoods with $1,479 If you’re looking to rent in Warwick’s most popular neighborhoods, make sure to also check out Cowesett, where renters pay $1,477 on average, and Pilgrim Park, where the average monthly rent is $1,296.
Warwick | Rent Comparison by Neighborhood
Rent in Apponaug is the same as in Bald Hill
Apponaug rent is 7% higher than Warwick average
| Average Rent | $1,531 |
|---|
Bald Hill rent is 7% higher than Warwick average
| Average Rent | $1,531 |
|---|
How Warwick Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Boston | $3,294 | -1% |
| Cambridge | $3,072 | -2% |
| Worcester | $1,488 | 7% |
| Providence | $2,073 | 6% |
| Quincy | $2,317 | 3% |
| Cranston | $1,482 | 7% |
| Warwick | $1,430 | 5% |
| Somerville | $3,079 | 6% |
| Fall River | $1,578 | 12% |
| Stoughton | $1,923 | 5% |
| East Providence | $1,555 | 12% |