Apartments 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 August 2025, Providence's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Providence's average rent is 11.0% ($225) higher than the Rhode Island average of $2,037 and 26.4% ($472) higher than the U.S. average of $1,790.

Average Rent
$2,262
Monthly ChangeMonth Over Month Change
Decreased6.5% ($157)
Yearly ChangeYear Over Year Change
Decreased4.5% ($106)
Avg. Days on MarketAverage Days on Market
28
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,926 Decreased17.2% ($400) Decreased12.9% ($284)
2 Beds $2,238 Decreased17.2% ($464) Decreased12.8% ($329)
3 Beds $2,626 Decreased17.2% ($545) Decreased12.8% ($387)
Nearby Cities Average Rent Avg. Rent vs. ProvidenceAverage Rent vs. Providence Avg. Days on MarketAverage Days on Market
East Providence $1,735 Decreased23.3% ($527) 25 days
North Providence $2,414 Increased6.7% ($152) 30 days
Pawtucket $1,669 Decreased26.2% ($593) 24 days
Central Falls $1,371 Decreased39.4% ($891) 30 days
Cranston $1,937 Decreased14.4% ($325) 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 $2,262 per month.
Apartments in Providence typically rent for between $1,348 and $3,414 per month, with an average of $2,262 per month.
In Providence, the average rent for a 1-bedroom apartment is $1,926 per month, for a 2-bedroom apartment, $2,238 per month, and a 3-bedroom apartment is $2,626 per month.
The average rent in Providence is 26.4% ($472) higher than the national average of $1,790 per month.
The average rent in Providence has decreased by 6.5% ($157) in the last month and decreased by 4.5% ($106) 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 167 rental properties available in Providence, RI.
Based on the current averages, a household would need an annual income of $89,520 to comfortably afford a 2-bedroom apartment in Providence.
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