Average Rent in Providence, RI
Providence offers New England charm with a thriving food and arts scene at lower prices than Boston. RISD and Brown University anchor the economy. Easy Amtrak access to Boston and NYC.
+3.5%YoY
Studio
$1,250
1-Bedroom
$1,500
2-Bedroom
$1,800
3-Bedroom
$2,200
Market Overview
Year-over-Year Change+3.5%
Vacancy Rate4.5%
Renter Population59%
Median Income$47,012/yr
Rent-to-Income Ratio38.3%
Cost of Living Index105 (US avg: 100)
Market Condition
Landlord-Leaning
Rents are rising faster than average. Limited negotiation power.
Tenant Protections
- Rhode Island Residential Landlord Tenant Act
- Security deposit limited to 1 month rent
- Deposit return within 20 days
- Landlord must maintain habitable conditions
- 30-day notice for rent increases
Rent by Neighborhood in Providence
Federal Hill
Little Italy district with Atwells Avenue restaurants and DePasquale Square.
Walk Score: 85Safety: 6/10
1-Bed
$1,400
2-Bed
$1,700
3-Bed
$2,100
East Side
Near Brown and RISD with Thayer Street shops and Blackstone Boulevard.
Walk Score: 72Safety: 8/10
1-Bed
$1,700
2-Bed
$2,100
3-Bed
$2,600
Downtown
Waterplace Park, Providence Place Mall, and arts district.
Walk Score: 90Safety: 6/10
1-Bed
$1,550
2-Bed
$1,900
3-Bed
$2,300
West End
Diverse neighborhood with affordable options and Westminster Street.
Walk Score: 68Safety: 5/10
1-Bed
$1,200
2-Bed
$1,450
3-Bed
$1,800
Tips for Renting in Providence
- 1Amtrak connects to Boston in 30 minutes and NYC in 3.5 hours
- 2RISD and Brown create a vibrant cultural scene with free events
- 3Winter heating costs can be high in older New England buildings
- 4Providence has no rent control but tenant protections are moderate
Check Your Rent in Providence
Enter your current rent to see if you are getting a fair deal.
Use Rent Checker