Providence, RI Rent Trends

Rank #15, last updated April 21

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To calculate the apartment rental trends in each city or neighborhood, ApartmentAdvisor evaluates thousands of available apartment listings in a given market and updates this information daily.

What is the average rent in Providence?

The average rent of a studio apartment in Providence, RI is $1,550. The average rent of a 1-bedroom in Providence, RI is $1,850. The average rent of a 2-bedroom in Providence, RI is $2,199. The average rent of a 3-bedroom in Providence, RI is $2,449.

Studio

$1,550


1 bed

$1,850


2 beds

$2,199


3+ beds

$2,449

Note: We calculate "average" rent as the median, or midpoint, to eliminate any skew from extremely high-priced or low-priced units.

Rent Prices Over Time in Providence

Apartment Rent Ranges in Providence

The monthly rent for apartments in Providence, RI ranges from $800 to $3,200+.

$800 - $1,400

$1,400 - $2,000

$2,000 - $2,600

$2,600 - $3,200

$3,200+

What is the average apartment size in Providence?

The average size of a Providence, RI apartment is 859 square feet, while the median apartment size for Providence, RI is 841 square feet. However, square footage varies based on unit type. Most rentals in Providence, RI (36.13%) are 1 bedroom apartments, while the fewest (10.47%) are studio apartments. Meanwhile, 2 bedroom apartments account for 31.94%, and 3+ bedroom apartments make up 21.47%.

Studio

One bedroom

Two bedrooms

Three+ bedrooms

What is the average rent for various neighborhoods in Providence?

Studio1 bed2 beds3+ beds
Federal Hill*$1,775$2,078*
Fox Point*$2,250$2,788$3,200
Wanskuck*$1,900$1,550*

Note: We calculate "average" rent as the median, or midpoint, to eliminate any skew from extremely high-priced or low-priced units.

* Insufficient data to calculate value

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