Apartments & Homes for Rent in 02905

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What to Know About

Life in Providence & Beyond

Providence shares many of the great qualities that make Rhode Island a desirable place to live.

Rhode Island, a small state with a big personality, is renowned for its unique history, coastal charm, and delectable cuisine. The capital of Rhode Island is Providence, home to several prestigious universities such as Brown University, Rhode Island School of Design, and the University of Rhode Island. Discover its fascinating legacy by visiting notable museums, including the opulent Newport Mansions or the enlightening Roger Williams Park Museum of Natural History. A mix of booming tourism, manufacturing, and healthcare industries drives Rhode Island's economy, creating a diverse and thriving community.

Rhode Island offers an abundance of activities for outdoor enthusiasts or culture seekers. Sail or fish along the scenic coast, hit the slopes for skiing in the nearby mountains, or attend exciting college sports games at one of its esteemed universities. Explore attractions like the iconic Newport Cliff Walk, Blithewold Mansion, Gardens & Arboretum, and picturesque Narragansett Bay.

With its rich history, charming coastline, and flourishing economy, Rhode Island is an excellent place to call home for those who seek outdoor recreation, a unique cultural experience, and a high quality of life.

Rental Market Trends

Providence, RI

As of April 2025, Providence's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Providence's average rent is 5.2% ($109) higher than the Rhode Island average of $2,095 and 22.5% ($405) higher than the U.S. average of $1,799.

Average Rent
$2,204
Monthly ChangeMonth Over Month Change
Increased4.3% ($90)
Yearly ChangeYear Over Year Change
Increased14.5% ($279)
Avg. Days on MarketAverage Days on Market
28
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,872 Increased1.2% ($22) Increased10.2% ($173)
2 Beds $2,175 Increased1.2% ($26) Increased10.2% ($201)
3 Beds $2,553 Increased1.2% ($30) Increased10.2% ($236)
Nearby Cities Average Rent Avg. Rent vs. ProvidenceAverage Rent vs. Providence Avg. Days on MarketAverage Days on Market
East Providence $1,848 Decreased16.2% ($356) 25 days
North Providence $2,551 Increased15.7% ($347) 30 days
Pawtucket $1,646 Decreased25.3% ($558) 24 days
Central Falls $1,309 Decreased40.6% ($895) 30 days
Cranston $1,886 Decreased14.4% ($318) 24 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Providence Rental Market FAQs

Explore rental prices, market trends, and availability in Providence, RI.

The average rent in Providence, RI is $2,204 per month.
Homes in Providence typically rent for between $1,310 and $3,319 per month, with an average of $2,204 per month.
In Providence, the average rent for a 1-bedroom home is $1,872 per month, for a 2-bedroom home, $2,175 per month, and a 3-bedroom home is $2,553 per month.
The average rent in Providence is 22.5% ($405) higher than the national average of $1,799 per month.
The average rent in Providence has increased by 4.3% ($90) in the last month and increased by 14.5% ($279) over the past year.
The rental market in Providence, RI, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Providence, RI, the average rental stays on the market for approximately 28 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 156 rental properties available in Providence, RI.
Based on the current averages, a household would need an annual income of $87,000 to comfortably afford a 2-bedroom home in Providence.
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