Providence, RI Rent Trends
Rank #17, last updated May 19
To calculate the apartment rental trends in each city or neighborhood, ApartmentAdvisor evaluates thousands of available apartment listings in a given market and updates this information daily.
What is the average rent in Providence?
The average rent of a studio apartment in Providence, RI is $1,490. The average rent of a 1-bedroom in Providence, RI is $1,800. The average rent of a 2-bedroom in Providence, RI is $1,860. The average rent of a 3-bedroom in Providence, RI is $3,100.
Note: We calculate "average" rent as the median, or midpoint, to eliminate any skew from extremely high-priced or low-priced units.
Rent Prices Over Time in Providence
Apartment Rent Ranges in Providence
The monthly rent for apartments in Providence, RI ranges from $800 to $3,200+.
$800 - $1,400
$1,400 - $2,000
$2,000 - $2,600
$2,600 - $3,200
$3,200+
What is the average apartment size in Providence?
The average size of a Providence, RI apartment is 709 square feet, while the median apartment size for Providence, RI is 690 square feet. However, square footage varies based on unit type. Most rentals in Providence, RI (35.16%) are 1 bedroom apartments, while the fewest (7.81%) are studio apartments. Meanwhile, 2 bedroom apartments account for 29.69%, and 3+ bedroom apartments make up 27.34%.
Studio
One bedroom
Two bedrooms
Three+ bedrooms
What is the average rent for various neighborhoods in Providence?
| Studio | 1 bed | 2 beds | 3+ beds | |
|---|---|---|---|---|
| Downtown | * | $2,607 | $2,936 | * |
| Federal Hill | * | $1,800 | * | $2,250 |
| Wanskuck | * | * | $1,448 | $3,300 |
Note: We calculate "average" rent as the median, or midpoint, to eliminate any skew from extremely high-priced or low-priced units.
* Insufficient data to calculate value
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