Average Rent in Providence, RI
5 apartment buildings, 61 units. Real asking prices, refreshed daily.
Avg Rent
$3,260/mo
market average
Cheapest
$600/mo
Strive Realty
Properties
5
tracked daily
Units
61
available now
Providence, RI Resident Access
City Club members share insider gate codes, parking links, and amenity tips.
Analysis
Rent Price Breakdown
Compare pricing across all 5 properties in Providence, RI.
Average Rent by Property
Starting Price vs Average
Rent by Bedroom Count
Price per Square Foot
Providence, RI Rent Prices
All 5 properties ranked by lowest available rent.
Strive Realty
556 Atwells Ave, Providence, RI 02909, USA
Regency Plaza Apartments
One Regency Plz, Providence, RI 02903, USA
Station Row
10 Park Row W, Providence, RI 02903, USA
Halstead Providence
255 Promenade St, Providence, RI 02908, USA
Center Place
50 Park Row W, Providence, RI 02903, USA
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | Strive Realty 556 Atwells Ave, Providence, RI 02909, USA | $600 | $600 | -- | 4.2 (326) | 1 |
| 2 | Regency Plaza Apartments One Regency Plz, Providence, RI 02903, USA | $1,300 | $3,626 | $4.15 | 4 (233) | 16 |
| 3 | Station Row 10 Park Row W, Providence, RI 02903, USA | $2,091 | $2,779 | $3.73 | 3.6 (37) | 15 |
| 4 | Halstead Providence 255 Promenade St, Providence, RI 02908, USA | $2,185 | $2,465 | -- | 4.5 (225) | 9 |
| 5 | Center Place 50 Park Row W, Providence, RI 02903, USA | $2,864 | $3,818 | $3.70 | 4.8 (128) | 20 |
Explore Each Property
Strive Realty
4.2 (326)556 Atwells Ave, Providence, RI 02909, USA
Regency Plaza Apartments
4 (233)One Regency Plz, Providence, RI 02903, USA
Station Row
3.6 (37)10 Park Row W, Providence, RI 02903, USA
Halstead Providence
4.5 (225)255 Promenade St, Providence, RI 02908, USA
Center Place
4.8 (128)50 Park Row W, Providence, RI 02903, USA
Providence, RI Average Rent Prices 2026
The average rent in Providence, RI is $3,260 per month, based on 61 units across 5 apartment communities. Prices range from $600 at Strive Realty to $2,864 at Center Place.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| Studio | $2,645/mo | $600/mo | 18 |
| 1 Bed | $3,119/mo | $1,300/mo | 16 |
| 2 Bed | $3,748/mo | $2,865/mo | 25 |
| 3 Bed | $3,823/mo | $3,755/mo | 2 |
Every price is a real asking rent, updated that morning. Request a neighborhood we don't cover and we add it within 24 hours.
Market Context
Who rents in Providence, RI, and what they pay
Tracked one-bedroom rent in Providence, RI averages $3,119/mo, with two-bedroom units averaging $3,748/mo. At the local median household income of $66,772, that works out to 59% of gross income, a severely rent-burdened market by HUD standards.
The U.S. Census Bureau's American Community Survey 2023 release pegged median gross rent in Providence, RI at $1,333/mo. The current tracked market average runs 145% higher than that benchmark, reflecting both two to three years of rent growth and the fact that the Census figure covers all renter-occupied housing in Providence, RI while the tracked market average covers units currently listed in larger apartment communities.
What salary do I need to live comfortably in Providence, RI?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$130,000/year
Based on the 30 percent rule, using our tracked average rent of $3,260/mo.
Comfortable income
$156,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($600/mo), you need to earn at least $24,000/year.
Median household income in Providence, RI is $66,772 , about 57% below the comfortable-living threshold.
Cost of living in Providence, RI
Overall prices in Providence, RI runs above the national average by about 2% (BEA Regional Price Parity index 101.5, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Providence, RI's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $3,260 |
| Utilities | $426 |
| Groceries | $532 |
| Transportation | $1,015 |
| Healthcare | $495 |
| Other goods and services | $792 |
| Estimated total | $6,519/mo |
Population
190,214
Median household income
$66,772
Census median rent
$1,333/mo
Rent as % of income
28.5%
Median age
32.9
Mean commute
25 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Frequently asked questions
What is the average rent in Providence, RI?
The average rent in Providence, RI is $3,260 per month, based on 61 units across 5 apartment buildings tracked by Average Rent. Prices are refreshed daily.
What is the cheapest apartment rent in Providence, RI?
The lowest available rent in Providence, RI starts at $600 per month. Availability changes daily and prices are refreshed each morning.
How much is a 1-bedroom apartment in Providence, RI?
1-bedroom apartments in Providence, RI average $3,119/mo. The lowest listed 1-bedroom starts at $1,300/mo across 16 units tracked.
How much is a 2-bedroom apartment in Providence, RI?
2-bedroom apartments in Providence, RI average $3,748/mo. Units start from $2,865/mo across 25 units currently listed.
Rent Trends in Providence, RI
Track how apartment prices are changing over time.
Missing your neighborhood?
Tell us where you're looking. We'll start tracking prices within 24 hours.
Get Started