Providence, RI Rent Trends

Rank #18, last updated June 14

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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 $1,825. The average rent of a 2-bedroom in Providence, RI is $1,948. The average rent of a 3-bedroom in Providence, RI is $2,775.

Studio

$1,550


1 bed

$1,825


2 beds

$1,948


3+ beds

$2,775

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

May 30 2024Jul 14 2024Aug 28 2024Oct 13 2024Nov 28 2024Jan 13 2025Feb 27 2025Apr 14 2025Jun 14 2025$1,200$1,500$1,800$2,230
  • Providence
  • National

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 818 square feet, while the median apartment size for Providence, RI is 875 square feet. However, square footage varies based on unit type. Most rentals in Providence, RI (33.97%) are 3+ bedroom apartments, while the fewest (8.33%) are studio apartments. Meanwhile, 2 bedroom apartments account for 30.13%, and 1 bedroom apartments make up 27.56%.

Studio

One bedroom

Two bedrooms

Three+ bedrooms

What is the average rent for various neighborhoods in Providence?

Studio1 bed2 beds3+ beds
Federal Hill*$1,750$2,249$2,348
Fox Point**$1,900$2,550

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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