Average Rent in Providence RI
7 apartment buildings, 10 units. Real asking prices, refreshed daily.
Avg Rent
$2,279/mo
Cheapest
$600/mo
Properties
7
Units
10
Analysis
Rent Price Breakdown
Compare pricing across all 7 properties in Providence RI.
Average Rent by Property
Starting Price vs Average
Providence RI Rent Prices
All 7 properties ranked by lowest available rent.
Strive Realty
556 Atwells Ave, Providence, RI 02909, USA
Halstead Providence
255 Promenade St, Providence, RI 02908, USA
Center Place
50 Park Row W, Providence, RI 02903, USA
Emblem 125
125 Clifford St, Providence, RI 02903, USA
Station Row
10 Park Row W, Providence, RI 02903, USA
Stonelink Property Management
15 Circle St, Rumford, RI 02916, USA
The Residences Providence
1 W Exchange St, Providence, RI 02903, USA
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | Strive Realty 556 Atwells Ave, Providence, RI 02909, USA | $600 | $600 | -- | 4.2 | 1 |
| 2 | Halstead Providence 255 Promenade St, Providence, RI 02908, USA | $2,185 | $2,465 | -- | 4.5 | 9 |
| 3 | Center Place 50 Park Row W, Providence, RI 02903, USA | -- | -- | -- | 4.8 | 0 |
| 4 | Emblem 125 125 Clifford St, Providence, RI 02903, USA | -- | -- | -- | 4.5 | 0 |
| 5 | Station Row 10 Park Row W, Providence, RI 02903, USA | -- | -- | -- | 3.6 | 0 |
| 6 | Stonelink Property Management 15 Circle St, Rumford, RI 02916, USA | -- | -- | -- | 4.4 | 0 |
| 7 | The Residences Providence 1 W Exchange St, Providence, RI 02903, USA | -- | -- | -- | 4 | 0 |
Explore Each Property
Strive Realty
4.2556 Atwells Ave, Providence, RI 02909, USA
Halstead Providence
4.5255 Promenade St, Providence, RI 02908, USA
Center Place
4.850 Park Row W, Providence, RI 02903, USA
Emblem 125
4.5125 Clifford St, Providence, RI 02903, USA
Station Row
3.610 Park Row W, Providence, RI 02903, USA
Stonelink Property Management
4.415 Circle St, Rumford, RI 02916, USA
Providence RI Average Rent Prices 2026
The average rent in Providence RI is $2,279 per month, based on 10 units across 7 apartment communities. Prices range from $600 at Strive Realty to $2,185 at Halstead Providence.
Every price comes directly from each property's leasing system, 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 tracked rent in Providence RI averages $2,279/mo. At the local median household income of $66,772, that works out to 41% 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 71% 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
$91,000/year
30 percent rule -- using our average rent of $2,279/mo.
Comfortable income
$109,000/year
25 percent rule -- leaves 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 39% 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) | $2,279 |
| Utilities | $426 |
| Groceries | $532 |
| Transportation | $1,015 |
| Healthcare | $495 |
| Other goods and services | $792 |
| Estimated total | $5,538/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 $2,279 per month, based on 10 units across 7 apartment buildings tracked by Average Rent. Prices are updated every morning through our proprietary data sourcing.
What is the cheapest apartment rent in Providence RI?
The lowest available rent in Providence RI starts at $600 per month. Availability changes daily as leasing data is refreshed each morning.
Rent Trends in Providence RI
Track how apartment prices are changing over time.
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