What's the average rent in Providence, RI?
Rental Market Trends in Providence, RI
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SOURCE: TRULIA DATA
Rental market highlights
As of July 2026, the average rent in Providence, RI is $2,125 per month, which is 9% higher than the national average rent of $1,951 per month.
AVERAGE RENT
$2,125
1.2%$25 increase month-over-month
-3.4%-$75 decrease year-over-year
AVAILABLE RENTALS
1,048
APARTMENTS
HOUSES
TOWNHOUSES
As of July 2026, apartments are the most affordable rental option in Providence, RI at $2,248 per month, while houses are the most expensive at $3,000 per month. Townhomes average $2,662 per month, offering a mid-range alternative for renters.
Average rent by number of bedrooms
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $1,939 |
| 2 Bedrooms | $2,150 |
| 3 Bedrooms | $2,395 |
| 4 Bedrooms | $2,800 |
| All | $2,125 |
As of July 2026, the average rent for a 1 bedroom rental in Providence, RI is $1,939 per month, followed by $2,150 for a 2 bedroom rental, $2,395 for a 3 bedroom rental, and $2,800 for a 4 bedroom rental.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $950 |
| 2 Bedrooms | $2,250 |
| 3 Bedrooms | $2,500 |
| 4 Bedrooms | $3,995 |
| All | $2,662 |
As of July 2026, the average rent for a 1 bedroom townhome in Providence, RI is $950 per month, followed by $2,250 for a 2 bedroom townhome, $2,500 for a 3 bedroom townhome, and $3,995 for a 4 bedroom townhome.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $1,900 |
| 2 Bedrooms | $2,080 |
| 3 Bedrooms | $2,310 |
| 4 Bedrooms | $2,400 |
| All | $2,100 |
As of July 2026, the average rent for a 1 bedroom apartment in Providence, RI is $1,900 per month, followed by $2,080 for a 2 bedroom apartment, $2,310 for a 3 bedroom apartment, and $2,400 for a 4 bedroom apartment.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $900 |
| 2 Bedrooms | $3,900 |
| 3 Bedrooms | $2,900 |
| 4 Bedrooms | $3,200 |
| All | $3,000 |
As of July 2026, the average rent for a 1 bedroom house in Providence, RI is $900 per month, followed by $3,900 for a 2 bedroom house, $2,900 for a 3 bedroom house, and $3,200 for a 4 bedroom house.
Average rent trends and rent ranges
Average rent price over time
In the past year, rent has decreased by -5% compared to the previous year, which is a $100 decrease.
This year (2026)
Last year (2025)
Rent distribution
40% of rentals have rent of $1,500-$2,199/month
Rental price range
The price range for rentals is $600 to $450,000.