Cheap Apartments for Rent in 02907
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$1,750 - $2,350/mo
1-2 Beds
1-2 Baths40 Sprague Street- Apartments | 40 Sprague St #304,
Providence, RI 02907
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Average Rent Trends in 02907
Rent in 02907 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in May 2026 compared to the previous month. Rent previously peaked in Dec 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $2,000 |
| Jul 2025 | $1,900 |
| Aug 2025 | $1,720 |
| Sep 2025 | $1,950 |
| Oct 2025 | $2,000 |
| Nov 2025 | $2,075 |
| Dec 2025 | $2,100 |
| Jan 2026 | $1,950 |
| Feb 2026 | $1,900 |
| Mar 2026 | $1,950 |
| Apr 2026 | $2,050 |
| May 2026 | $1,948 |
Average Rent By Bedroom and Home Type
In May 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,638 | $2,000 | $2,450 | $2,662 | $1,950 |
| Townhomes | — | $2,300 | $2,200 | $2,662 | $2,200 |
| Apartments and Condos | $1,550 | $1,850 | $2,100 | $2,662 | $1,950 |
| Houses | — | — | — | $3,500 | $3,500 |
Frequently Asked Questions about Rentals in 02907
- What is the average rent in 02907?The average rent in 02907 is $1,950. Rent prices range from $750 to as much as $3,500, depending on the type of rental.
- How does the rent in 02907 compare to the national average?Average rent in 02907 is about 2% higher than the national average rent of $1,910. That means it is more expensive to rent in 02907 compared to the U.S. average.
- What is the average rent in 02907, by number of bedrooms?The average rent in 02907 is $3,219 for a studio, $1,638 for a 1 bedroom, $2,000 for a 2 bedroom, $2,450 for a 3 bedroom, and $2,662 for a 4 bedroom.
- How have rent prices in 02907 changed compared to last year?In the past year, the average rent price in 02907 has increased by $50. That means the average rent is 3% higher than last year.
- How many available rental listings are in 02907?There are 57 available rental listings in 02907.
- What are some cities near 02907?Some nearby cities include: Providence, East Providence, Cranston, North Providence, Johnston, Pawtucket. These cities may have more rental options to explore.