Homes for Rent in Providence, RI

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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 December 2025, Providence's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Providence's average rent is equal to the Rhode Island average of $2,060 and 16.4% ($290) higher than the U.S. average of $1,770.

Average Rent
$2,060
Monthly ChangeMonth Over Month Change
Decreased0.4% ($9)
Yearly ChangeYear Over Year Change
Decreased18.7% ($473)
Avg. Days on MarketAverage Days on Market
28
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,744 Decreased0.7% ($13) Decreased19.7% ($427)
2 Beds $2,489 Increased3.9% ($93) Decreased1.3% ($33)
3 Beds $2,788 Increased4.3% ($114) Decreased5.8% ($172)
Nearby Cities Average Rent Avg. Rent vs. ProvidenceAverage Rent vs. Providence Avg. Days on MarketAverage Days on Market
East Providence $1,882 Decreased8.6% ($178) 25 days
North Providence $2,020 Decreased1.9% ($40) 30 days
Pawtucket $1,664 Decreased19.2% ($396) 24 days
Central Falls $1,961 Decreased4.8% ($99) 30 days
Cranston $1,894 Decreased8.1% ($166) 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 $2,060 per month.
Homes in Providence typically rent for between $1,221 and $3,624 per month, with an average of $2,060 per month.
In Providence, the average rent for a 1-bedroom home is $1,744 per month, for a 2-bedroom home, $2,489 per month, and a 3-bedroom home is $2,788 per month.
The average rent in Providence is 16.4% ($290) higher than the national average of $1,770 per month.
The average rent in Providence has decreased by 0.4% ($9) in the last month and decreased by 18.7% ($473) 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 169 rental properties available in Providence, RI.
Based on the current averages, a household would need an annual income of $99,560 to comfortably afford a 2-bedroom home in Providence.
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