Landlord Resources
How to Get a Loan for a Rental Property
Rental property loans differ from traditional mortgages, needing larger down payments, higher interest rates, and reserves, often disregarding projected rental income.
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What to Know About
Life in Charlestown & Beyond
Charlestown 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
Charlestown, RI
As of June 2026, Charlestown's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Charlestown's average rent is 6.7% ($139) lower than the Rhode Island average of $2,086 and 8.3% ($150) higher than the U.S. average of $1,797.
Average Rent
$1,947
Monthly ChangeMonth Over Month Change
4.5% ($84)
Yearly ChangeYear Over Year Change
5.5% ($113)
Avg. Days on MarketAverage Days on Market
34
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,799 | 11.2% ($181) | 15.2% ($237) |
| 2 Beds | $2,091 | 11.2% ($211) | 15.2% ($276) |
| 3 Beds | $2,454 | 11.2% ($247) | 15.3% ($325) |
| Nearby Cities | Average Rent | Avg. Rent vs. CharlestownAverage Rent vs. Charlestown | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| West Greenwich | $2,927 | 50.3% ($980) | 27 days |
| Mystic | $1,775 | 8.8% ($172) | 38 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Charlestown Rental Market FAQs
Explore rental prices, market trends, and availability in Charlestown, RI.
The average rent in Charlestown, RI is $1,947 per month.
Homes in Charlestown typically rent for between $1,259 and $3,190 per month, with an average of $1,947 per month.
In Charlestown, the average rent for a 1-bedroom home is $1,799 per month, for a 2-bedroom home, $2,091 per month, and a 3-bedroom home is $2,454 per month.
The average rent in Charlestown is 8.3% ($150) higher than the national average of $1,797 per month.
The average rent in Charlestown has increased by 4.5% ($84) in the last month and decreased by 5.5% ($113) over the past year.
The rental market in Charlestown, RI, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Charlestown, RI, the average rental stays on the market for approximately 34 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There is currently 1 rental property available in Charlestown, RI.
Based on the current averages, a household would need an annual income of $83,640 to comfortably afford a 2-bedroom home in Charlestown.
