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

Riverside, RI

As of May 2025, Riverside's rental market is highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers. Riverside's average rent is 7.9% ($164) higher than the Rhode Island average of $2,072 and 24.7% ($443) higher than the U.S. average of $1,793.

Average Rent

$2,236

Monthly ChangeMonth Over Month Change

1.7% ($38)

Yearly ChangeYear Over Year Change

3.8% ($82)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,888	1.7% ($32)	15% ($246)
2 Beds	$2,260	5.3% ($126)	18.5% ($353)
3 Beds	$2,652	5.3% ($148)	18.5% ($414)

Nearby Cities	Average Rent	Avg. Rent vs. RiversideAverage Rent vs. Riverside	Avg. Days on MarketAverage Days on Market
East Providence	$1,878	16% ($358)	25 days
Providence	$2,212	1.1% ($24)	28 days
Warwick	$2,190	2.1% ($46)	27 days
Cranston	$1,850	17.3% ($386)	24 days
Pawtucket	$1,638	26.7% ($598)	24 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Riverside Rental Market FAQs

Explore rental prices, market trends, and availability in Riverside, RI.

What is the average rent in Riverside, RI?

The average rent in Riverside, RI is $2,236 per month.

What is the rental price range for homes in Riverside, RI?

Homes in Riverside typically rent for between $1,322 and $3,448 per month, with an average of $2,236 per month.

What is the average rent for different bedroom sizes in Riverside, RI?

In Riverside, the average rent for a 1-bedroom home is $1,888 per month, for a 2-bedroom home, $2,260 per month, and a 3-bedroom home is $2,652 per month.

How do rent prices in Riverside, RI compare with the national average?

The average rent in Riverside is 24.7% ($443) higher than the national average of $1,793 per month.

How have rent prices in Riverside, RI changed recently?

The average rent in Riverside has decreased by 1.7% ($38) in the last month and increased by 3.8% ($82) over the past year.

How competitive is the rental market in Riverside, RI?

The rental market in Riverside, RI, is currently highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers.

How long do rentals stay on the market in Riverside, RI?

In Riverside, RI, the average rental stays on the market for approximately 25 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Riverside, RI?

There are currently 3 rental properties available in Riverside, RI.

Can I afford to rent a home in Riverside, RI?

Based on the current averages, a household would need an annual income of $90,400 to comfortably afford a 2-bedroom home in Riverside.