Rentometer, Inc. | Data as of 11/23/2025
Rhode Island’s rental market blends historic charm with coastal convenience, offering a diverse array of living options that attract professionals, students, and families alike. In the state’s vibrant capital, Providence, classic brownstones sit alongside modern high‑rise apartments, while scenic towns such as Newport and Warwick provide waterfront homes and boutique rentals that capitalize on the Atlantic view. Whether you’re seeking a sleek studio in the bustling downtown district or a spacious four‑plus bedroom house near the preserved countryside of Lincoln, the market delivers flexibility across urban, suburban, and rural settings. Popular neighborhoods like Federal Hill, East Side, and the revitalized South Providence corridor are known for walkable amenities, dining scenes, and easy transit connections, making them especially appealing for renters looking for both lifestyle and convenience.
Rent trends in Rhode Island reflect the state’s balanced mix of apartment and house offerings. Studio apartments typically fall in the $1,700 range, while two‑bedroom units often hover around the $2,100 mark, providing affordable entry points for young professionals and small families. Larger families or those desiring more space can explore three‑ and four‑plus bedroom apartments and houses, where median rents rise to the $3,200‑$4,200 tier, aligning with the premium of spacious layouts and prime locations near beaches or top‑rated schools. Consistently strong demand is driven by the state’s high quality of life, robust educational institutions, and proximity to major Northeast employment hubs, ensuring that Rhode Island remains a compelling destination for renters seeking a blend of historic elegance and modern coastal living.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,841 | $1,822 | $754 - $2,999 | $1,600 - $2,203 |
| Apartment | 1 Bedroom | $1,913 | $1,897 | $550 - $4,850 | $1,500 - $2,230 |
| Apartment | 2 Bedroom | $2,243 | $2,185 | $675 - $5,984 | $1,800 - $2,575 |
| Apartment | 3 Bedroom | $2,331 | $2,275 | $900 - $3,850 | $1,750 - $2,875 |
| Apartment | 4+ Bedroom | $2,900 | $2,950 | $1,795 - $5,000 | $2,100 - $3,400 |
| House | 1 Bedroom | $1,283 | $1,200 | $830 - $2,250 | $850 - $1,370 |
| House | 2 Bedroom | $2,708 | $2,500 | $875 - $8,000 | $2,200 - $2,850 |
| House | 3 Bedroom | $3,422 | $3,200 | $870 - $16,000 | $2,700 - $3,800 |
| House | 4+ Bedroom | $6,928 | $4,500 | $2,100 - $30,000 | $3,650 - $8,000 |
In the current period, the average rent in Rhode Island was $1,862 for Studio, $1,880 for 1 Bedroom, $2,356 for 2 Bedroom, $3,187 for 3 Bedroom, and $4,823 for 4+ Bedroom.
Data provided by Rentometer, Inc.