Cheap Apartments for Rent in Providence, RI
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Average Rent Trends in Providence, RI
Rent in Providence, RI 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 Jan 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $2,200 |
| Jul 2025 | $2,200 |
| Aug 2025 | $2,150 |
| Sep 2025 | $2,100 |
| Oct 2025 | $2,100 |
| Nov 2025 | $2,150 |
| Dec 2025 | $2,150 |
| Jan 2026 | $2,105 |
| Feb 2026 | $2,100 |
| Mar 2026 | $2,195 |
| Apr 2026 | $2,195 |
| May 2026 | $2,150 |
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 | $1,943 | $2,200 | $2,300 | $2,800 | $2,133 |
| Townhomes | $1,199 | $2,300 | $2,600 | $2,500 | $2,300 |
| Apartments and Condos | $1,950 | $2,100 | $2,300 | $2,500 | $2,100 |
| Houses | $975 | $2,950 | $2,500 | $3,600 | $3,089 |
Frequently Asked Questions about Rentals in Providence, RI
- What is the average rent of an apartment in Providence, RI?The average rent of an apartment in Providence, RI is $2,027 per month. This is about 5% higher than the national average.
- What is the average rent of a house in Providence, RI?The average rent of a house in Providence, RI is $2,999 per month. This is about 55% higher than the national average.
- What is the average rent of a townhome in Providence, RI?The average rent of a townhome in Providence, RI is $2,300 per month. This is about 19% higher than the national average.
- When is the average rent cheapest in Providence, RI?In the last year, the average rent in Providence, RI was lowest in Sep 2025 when it was $2,100 per month.
- When is the average rent most expensive in Providence, RI?In the last year, the average rent in Providence, RI was highest in Jan 2025 when it was $2,200 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in Providence, RI?The average rent of a 1 bedroom apartment in Providence, RI is $1,895 per month. That is about $130 more than the cost of a studio apartment.
- How many available rental listings are in Providence, RI?There are 1,075 available rental listings in Providence, RI.
- What colleges and universities are in Providence, RI?Colleges and universities in Providence, RI include: Brown University.
- What are some neighborhoods in Providence, RI?Some neighborhoods in Providence, RI include: West End, Silverlake, Wanskuck, Mount Pleasant, Elmhurst.
- What are some zip codes in Providence, RI?
- What are some cities near Providence, RI?Some nearby cities include: North Providence, East Providence, Pawtucket, Central Falls, Cranston. These cities may have more rental options to explore.