Rental Market Trends in Providence, RI

What is the average rent in Providence, RI?Choose another area

The average rent in Providence, RI, as of June 2025, is approximately $1704 per month for all property types. Rent prices can vary depending on the neighborhood and the type of rental property. Rent prices are influenced by factors like neighborhood popularity, proximity to amenities, and the overall housing market trends in the city.

USA
Market summary

Data is based on rental rates on sulekha.com. Last updated in June  2025.

Average Rental Price Over Time

How much has the average rent changed in Providence, RI?

The average rent for all bedrooms and all property types is $1704,which is 0% increase compared to the previous year.

  • 2023
  • 2024

Occupied Housing Units in Providence, RI

Property

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    Answers to Your Rental Questions

    We've got answers to your most common questions about rentals, from property listings to pricing trends and everything in between.
    • What is the average rent in Providence, RI?

      The average rent in Providence, RI is around $1704 per month. However, this can vary depending on the neighborhood, the size of the rental unit, and the property's condition. For example, rents are typically higher in desirable areas close to amenities and popular destinations. Larger apartments or homes with multiple bedrooms or modern amenities can also be more expensive. Keep these factors in mind when searching for a rental in Providence, RI.

    • How many rentals are available in Providence, RI?

      Currently, there are 257 rental properties available in Providence, RI. This includes a variety of options such as apartments, condos, town homes, single-family homes, single rooms, shared rooms and pg accommodations catering to different budgets and preferences. So, if you're looking for a place to rent in Providence, RI, you have plenty of choices to explore!

    • What are the best neighborhoods to rent in Providence, RI?

      If you're looking for budget-friendly neighborhoods in Providence, RI, consider these options:

        These neighborhoods offer rental rates lower than the city's overall average, making them attractive options for renters.

      • What are the most affordable neighborhoods in Providence, RI?

        The most expensive neighborhoods in Providence, RI are:

        • How much has the average rent changed in Providence, RI?

          Over the past year, the average rent in Providence, RI have increased by approximately 0%, which translates to $142 per month. This change reflects shifting market trends and evolving housing demand in the area, impacting renters' costs and affordability.

        • How much has the rent in Providence, RI increased or decreased in the last month?

          The Average rent price in Providence, RI for June 2025 is $1704, which is $110 less than in May.

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