What's the average rent in Providence, RI?

Rental Market Trends in Providence, RI

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

$2,248

HOUSES

$3,000

TOWNHOUSES

$2,662
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 typeAverage 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.

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.
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