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.
As of July 2025, Providence's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Providence's average rent is 15.4% ($322) higher than the Rhode Island average of $2,097 and 36.3% ($644) higher than the U.S. average of $1,775.
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $2,326 | 18% ($354) | 8.2% ($176) |
| 2 Beds | $2,702 | 17.9% ($411) | 0.2% ($5) |
| 3 Beds | $3,171 | 17.9% ($482) | 0.9% ($29) |
| Nearby Cities | Average Rent | Avg. Rent vs. ProvidenceAverage Rent vs. Providence | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| East Providence | $1,879 | 22.3% ($540) | 25 days |
| North Providence | $1,867 | 22.8% ($552) | 30 days |
| Pawtucket | $1,677 | 30.7% ($742) | 24 days |
| Central Falls | $1,341 | 44.6% ($1078) | 30 days |
| Cranston | $1,862 | 23% ($557) | 24 days |
Explore rental prices, market trends, and availability in Providence, RI.
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