Warwick, RI Rental Market Trends

Highlights

The average rent for an apartment in Warwick is $1,329, a change amounting to approximately 0% compared to the previous year.

Average Rent in Warwick, RI

Last updated October 2019

Average Rent	Y-o-Y Change	Average Apartment Size
$1,329	0%	835 sq. ft.

The average size for a Warwick, RI apartment is 835 square feet, but this number varies greatly depending on apartment type. 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

$701-$1,0007%
$1,001-$1,50077%
$1,501-$2,00016%

Warwick, RI Occupied Housing Units

Renter-occupied Households37%
Owner-occupied Households62%

13,212 or 37% of the households in Warwick, RI are renter-occupied while 21,692 or 62% are owner-occupied.

Warwick, RI Rent Trends

Average Rent	Mar / 2019	Oct / 2019
Warwick, RI	$1,297	$1,329
National	$1,432	$1,467

Average Rent in Warwick, RI By Neighborhood

Neighborhood	Average Rent
Pilgrim Park	$1,193
Palace Garden	$1,193
Norwood	$1,193
Lincoln Park	$1,193
Lakewood	$1,193
Gaspee Point	$1,193
Wildes Corner	$1,228
Warwick Neck	$1,228
Rocky Point	$1,228
Oakland Beach	$1,228
Longmeadow	$1,228
Hoxsie	$1,228
Conimicut	$1,228
Coles	$1,228
Chepiwanoxet Point	$1,342
Hillsgrove	$1,347
Buttonwoods	$1,347
City Centre Warwick	$1,356
Cowesett	$1,377
Pontiac	$1,395
Nausauket	$1,395
Greenwood	$1,395
East Natick	$1,395
Bald Hill	$1,395
Apponaug	$1,395

The most affordable neighborhoods in Warwick are Gaspee Point, where the average rent goes for $1,193/month, Lakewood, where renters pay $1,193/mo on average, and Lincoln Park, where the average rent goes for $1,193/mo. If you’re looking for other great deals, check out the listings from Norwood ($1,193), Palace Garden ($1,193), and Pilgrim Park ($1,193), where the asking prices are below the average Warwick rent of $1,329/mo.

The most expensive neighborhoods in Warwick are Greenwood ($1,395), Nausauket ($1,395) and Pontiac ($1,395).

Warwick | Rent Comparison by Neighborhood

Rent in Apponaug is the same as in Bald Hill

$1,395

Apponaug rent is 5% higher than Warwick average

Average Rent	$1,395

$1,395

Bald Hill rent is 5% higher than Warwick average

Average Rent	$1,395

How Does Warwick Compare to Nearby Cities

	Average Rent	Y-o-Y Change
Warwick	$1,329	n/a
Coventry	$1,342	n/a
Coventry Town	$1,342	n/a
West Greenwich	$1,797	n/a
West Warwick	$1,347	n/a
East Greenwich	$1,342	n/a

For more information about the Warwick rental trends, check out our monthly rent report

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The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Warwick apartment buildings 50 units or larger. Yardi Matrix covers ~90% of the U.S. metro area population, including ~17 million apartments across more than 130 U.S. markets.