What's the average rent in Richmond, RI?
Rental Market Trends in Richmond, RI
Choose another city
SOURCE: TRULIA DATA
Rental market highlights
As of May 2026, the average rent in Richmond, RI is $3,400 per month, which is 78% higher than the national average rent of $1,910 per month.
AVERAGE RENT
$3,400
13.5%$405 increase month-over-month
70.0%$1,400 increase year-over-year
AVAILABLE RENTALS
3
APARTMENTS
HOUSES
TOWNHOUSES
As of May 2026, townhomes are the most affordable rental option in Richmond, RI at $2,100 per month, while apartments are the most expensive at $3,356 per month. Houses average $2,885 per month, offering a mid-range alternative for renters.
Average rent by number of bedrooms
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $2,100 |
| 3 Bedrooms | $3,600 |
| 4 Bedrooms | $2,885 |
| All | $3,400 |
As of May 2026, the average rent for a 2 bedroom rental in Richmond, RI is $2,100 per month, followed by $3,600 for a 3 bedroom rental, and $2,885 for a 4 bedroom rental.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $2,100 |
| 3 Bedrooms | — |
| 4 Bedrooms | — |
| All | $2,100 |
As of May 2026, the average rent for a 2 bedroom townhome in Richmond, RI is $2,100 per month.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $2,500 |
| 3 Bedrooms | $3,600 |
| 4 Bedrooms | — |
| All | $3,233 |
As of May 2026, the average rent for a 2 bedroom apartment in Richmond, RI is $2,500 per month, followed by $3,600 for a 3 bedroom apartment.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | — |
| 3 Bedrooms | — |
| 4 Bedrooms | $2,885 |
| All | $2,885 |
As of May 2026, the average rent for a 4 bedroom house in Richmond, RI is $2,885 per month.
Average rent trends and rent ranges
Average rent price over time
In the past year, rent has increased by +70% compared to the previous year, which is a +$1,400 increase.
This year (2026)
Last year (2025)
Rent distribution
60% of rentals have rent of $3,000-$3,799/month
Rental price range
The price range for rentals is $2,100 to $3,400.
