# Average Rent in Downtown Providence & Rent Trends

> Average rent in Downtown Providence is $2,983/mo as of November 2026, down 5.8% this month. 1BR $2,548. Daily price history for 86 units in 5 buildings.

Canonical: https://average-rent.com/city/providence-ri/trends/02903/

Latest included observation: November 9, 2026

## What is the average rent in Downtown Providence?

The average listed apartment rent in Downtown Providence is $2,983 per month, as of November 9, 2026. This sample includes 86 priced apartments in 5 buildings. These are tracked asking prices, not signed leases.

We use published total monthly rent when known and base rent otherwise. Unknown fees remain unknown. Included building observations run from November 8, 2026 through November 9, 2026. Buildings without a qualifying price do not count in this sample. The guide directory can include more buildings.

Rent prices and market trends across 5 apartment communities in Downtown Providence, Providence, RI. Prices update after successful source checks.

Area [All Areas](https://average-rent.com/city/providence-ri/trends/?bedrooms=all) [Downtown Providence](https://average-rent.com/city/providence-ri/trends/02903/?bedrooms=all)[Elmhurst](https://average-rent.com/city/providence-ri/trends/02908/?bedrooms=all)

Beds [All Bedrooms](https://average-rent.com/city/providence-ri/trends/02903/?bedrooms=all) [Studio](https://average-rent.com/city/providence-ri/trends/02903/?bedrooms=0)[1 Bed](https://average-rent.com/city/providence-ri/trends/02903/?bedrooms=1)[2 Bed](https://average-rent.com/city/providence-ri/trends/02903/?bedrooms=2)[3 Bed](https://average-rent.com/city/providence-ri/trends/02903/?bedrooms=3)[4 Bed](https://average-rent.com/city/providence-ri/trends/02903/?bedrooms=4)

Showing any bedrooms in Downtown Providence.

Market Average

$2,983/mo

▼ 5.8% from last month

Lowest Available

$1,450/mo

cheapest unit on market

Communities

5

tracked daily

Units Listed

86

available now

## Downtown Providence vs Providence, RI Average

Downtown Providence is **more expensive than** the Providence, RI average by $101/mo (4%). The citywide average is $2,882/mo across all neighborhoods.

## Is Rent Going Up or Down in Downtown Providence?

As of November 2026, the average rent in Downtown Providence is $2,983 per month across 5 apartment communities and 86 available units. Rents have decreased $184 (5.8%) over the past month.

The most affordable option is [Providence Living](https://average-rent.com/city/providence-ri/providence-living-providence-ri/) starting at $1,450/mo. By unit type, a studio averages $3,050/mo, a 1-bedroom averages $2,548/mo, a 2-bedroom averages $3,638/mo, a 3-bedroom averages $2,894/mo, a 4-bedroom averages $3,100/mo.

Prices range from $1,450 to $15,000 per month. The most common price point is the $2,600 range, where 16 units are currently listed.

## Downtown Providence Rent Price History

Timeframe

View as table

| Month | Avg Rent | Change | Properties |
| --- | --- | --- | --- |
| July 2026 | $3,086 | - | 5 |
| August 2026 | $2,863 | -$223 | 5 |
| September 2026 | $2,898 | +$35 | 5 |
| October 2026 | $3,018 | +$120 | 5 |
| November 2026 | $2,888 | -$130 | 5 |

The trend line and monthly averages track each building's average listed price, recorded daily with outliers trimmed. The current month is a month-to-date figure, so it can sit above or below today's live market average shown at the top of this page.

## Average Rent by Bedroom

## Rent Price Distribution

## Rent by Bedroom Type in Downtown Providence

Studio

$3,050

from $1,500 · 15 units

1 Bed

$2,548

from $1,450 · 39 units

2 Bed

$3,638

from $1,800 · 25 units

3 Bed

$2,894

from $1,950 · 6 units

4 Bed

$3,100

from $3,100 · 1 units

## Rent Prices by Apartment in Downtown Providence

| Property | Starting at | Average | Units | Rating |
| --- | --- | --- | --- | --- |
| [Providence Living](https://average-rent.com/city/providence-ri/providence-living-providence-ri/?neighborhood=Downtown%20Providence) | $1,450/mo | $2,850/mo | 22 | 3.3 |
| [Emblem 125](https://average-rent.com/city/providence-ri/emblem-125-providence-ri/?neighborhood=Downtown%20Providence) | $1,818/mo | $2,664/mo | 17 | 4.5 |
| [Regency Plaza Apartments](https://average-rent.com/city/providence-ri/regency-plaza-apartments-providence-ri/?neighborhood=Downtown%20Providence) | $1,855/mo | $2,946/mo | 12 | 4 |
| [Station Row](https://average-rent.com/city/providence-ri/station-row-providence-ri/?neighborhood=Downtown%20Providence) | $2,021/mo | $2,607/mo | 14 | 3.6 |
| [Center Place](https://average-rent.com/city/providence-ri/center-place-providence-ri/?neighborhood=Downtown%20Providence) | $2,684/mo | $3,653/mo | 21 | 4.8 |

## Frequently Asked Questions About Rent in Downtown Providence

### What is the average rent in Downtown Providence?

The average listed apartment rent in Downtown Providence is $2,983 per month, as of November 9, 2026. This sample includes 86 priced apartments in 5 buildings. These are tracked asking prices, not signed leases.

### What rent range can I find in Downtown Providence?

The apartment listings we track in Downtown Providence range from $1,450 to $15,000 per month, as of November 9, 2026. These are the lowest and highest listed prices. They are not a typical price for every apartment. The building, floor plan, and lease terms can affect the price.

### Are rents going up or down in Downtown Providence?

The daily building-average rent fell by $181 (5.8%) over 36 days between observations in October 2026 and November 2026. This compares recorded asking rents. The current month's figures may still be incomplete, and the building mix can change.

### How much is a studio apartment in Downtown Providence?

Studio apartments average $3,050 per month across 15 priced listings in Downtown Providence. Listed rents range from $1,500 to $15,000 per month, as of November 9, 2026. Compare apartments with similar floor plans and lease terms.

### How much is a 1-bedroom apartment in Downtown Providence?

1-bedroom apartments average $2,548 per month across 39 priced listings in Downtown Providence. Listed rents range from $1,450 to $3,400 per month, as of November 9, 2026. Compare apartments with similar floor plans and lease terms.

### How much is a 2-bedroom apartment in Downtown Providence?

2-bedroom apartments average $3,638 per month across 25 priced listings in Downtown Providence. Listed rents range from $1,800 to $6,383 per month, as of November 9, 2026. Compare apartments with similar floor plans and lease terms.

### How much is a 3-bedroom apartment in Downtown Providence?

3-bedroom apartments average $2,894 per month across 6 priced listings in Downtown Providence. Listed rents range from $1,950 to $3,825 per month, as of November 9, 2026. Compare apartments with similar floor plans and lease terms.

### How much is a 4-bedroom apartment in Downtown Providence?

4-bedroom apartments average $3,100 per month across 1 priced listing in Downtown Providence. Listed rents range from $3,100 to $3,100 per month, as of November 9, 2026. Compare apartments with similar floor plans and lease terms.

### How do 1-bedroom and 2-bedroom rents compare in Downtown Providence?

The 1-bedroom average is $2,548 per month across 39 listings. The 2-bedroom average is $3,638 across 25 listings, $1,090 (42.8%) higher. This is a comparison of listing groups, not the cost to upgrade a specific apartment.

### Which tracked building has the lowest starting rent in Downtown Providence?

Providence Living has the lowest starting rent among the buildings in the comparison table, at $1,450 per month. We track 22 priced listings matching your bedroom choice in that building, as of November 9, 2026. The starting price applies to its lowest-priced matching apartment. Check that apartment's latest price and availability.

### Which rent range has the most listings in Downtown Providence?

The $2,600 to $2,800 monthly range has the most matching listings: 16 units, or 18.6% of the priced apartments we track in Downtown Providence. This count does not tell us how fast the apartments rent.

### How many apartment listings do you track in Downtown Providence?

We track 86 priced units at 5 apartment buildings, as of November 9, 2026. This is not the total number of apartments in those buildings. A listing can change or become unavailable. Open the apartment details to check its latest status.

### How much rent history is available for Downtown Providence?

We have recorded rent data on 54 days from July 2026 through November 2026 for apartment listings in Downtown Providence. Some dates can be missing. The chart only shows recorded data. The current month includes the days recorded so far.

### Why can the headline rent differ from the trend chart in Downtown Providence?

The average at the top of the page gives each matching apartment equal weight. The chart first averages recorded prices within each building, then compares buildings. It removes the highest and lowest groups when at least ten buildings contribute and omits days with fewer than five buildings. Different dates, building counts, and listing mixes can produce different figures. The monthly table averages the recorded daily figures.

### Does my bedroom choice change the prices and answers?

Yes. Your chosen area and bedroom count filter the asking rents, listing counts, rent ranges, and answers on this page. The active community exclusions are Student housing and 55+ / senior community and Corporate housing and Military / active duty housing and Veteran housing. When you choose a bedroom count, the history chart uses recorded prices for matching apartments with a known identity. If those records are missing, we leave the chart empty rather than use prices for other bedroom types. Open an individual apartment to check its own price history.

### Do these rents include utilities, parking, and other fees?

We use the published total monthly rent when it is available and the base rent otherwise. Unknown fees are not zero. Utilities, parking, pet charges, deposits, and one-time costs can add to the amount you pay. Check the selected unit and lease terms for a complete quote.

### How should I compare free-rent offers with listed rent?

A free-rent offer can reduce the effective cost over a lease without changing the listed monthly rent. Compare the same lease length and move-in date, then include required charges and the offer conditions. The market averages do not assume an unconfirmed discount.

### Does this page represent every rental in the market?

These figures describe the priced apartment listings we track, not every rental home or every occupied apartment. Coverage and the mix of bedrooms, buildings, and locations can change. A lower market average does not prove that the same apartment received a price cut.

### How fresh are the Downtown Providence rent figures?

We schedule rent updates each day, but buildings can have different price-check dates. The latest accepted price check for these listings was November 9, 2026. The month label does not mean we checked every price today. Open the building or apartment details for its latest price and availability.

## What salary do I need to live comfortably in Downtown Providence?

Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.

Minimum to afford average rent

$119,000/year

Based on the 30 percent rule, using our tracked average rent of $2,983/mo.

Comfortable income

$143,000/year

Based on the 25 percent rule, leaving more room for savings, transport, and groceries.

To afford the cheapest tracked apartment ($1,450/mo), you need to earn at least **$58,000/year**.

Median household income in Downtown Providence is **$66,772** , about 53% below the comfortable-living threshold.

## Explore Downtown Providence Apartments

Browse all 5 communities with daily-updated pricing and availability.

[Browse All Apartments](https://average-rent.com/city/providence-ri/apartments/?neighborhood=Downtown%20Providence) [Find Your Match](https://average-rent.com/quiz/)

## Cost of living in Downtown Providence

Overall prices in Downtown Providence 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 Downtown Providence's regional price parities.

| Category | Monthly estimate |
| --- | --- |
| Rent (market average) | $2,983 |
| Utilities | $426 |
| Groceries | $532 |
| Transportation | $1,015 |
| Healthcare | $495 |
| Other goods and services | $792 |
| Estimated total | $6,242/mo |

Population

190,214

Median household income

$66,772

Census median rent

$1,333/mo

Census rent burden

28.5%

Median age

32.9

Mean commute

25 min

[Rhode Island Rent Trends](https://average-rent.com/state/rhode-island/rent-trends/): Compare rent across all Rhode Island cities

[Explore Providence, RI on Map](https://average-rent.com/search/#city=providence-ri): See neighborhoods and rent data interactively

[US-wide rent comparison](https://average-rent.com/research/median-rent-united-states/): See how Providence, RI rents stack up against the national median

## Google Search Trends for Downtown Providence Apartments

Search interest for apartments in this area over the past 12 months.

### Search Interest Over Time

[Explore more on Google Trends](https://trends.google.com/trends/explore?q=apartments%20in%20Providence&geo=US&date=today%2012-m)

| Date or category | Average monthly rent (USD) |
| --- | --- |
| 2026-07-11 | 3,109 |
| 2026-07-12 | 3,109 |
| 2026-07-13 | 3,109 |
| 2026-07-15 | 3,086 |
| 2026-07-16 | 3,086 |
| 2026-07-17 | 3,127 |
| 2026-07-18 | 3,127 |
| 2026-07-19 | 3,127 |
| 2026-07-20 | 3,127 |
| 2026-07-21 | 3,127 |
| 2026-07-22 | 3,127 |
| 2026-07-23 | 3,127 |
| 2026-07-24 | 3,127 |
| 2026-07-25 | 3,127 |
| 2026-07-27 | 3,127 |
| 2026-07-28 | 2,912 |
| 2026-07-31 | 2,786 |
| 2026-08-03 | 2,786 |
| 2026-08-06 | 2,748 |
| 2026-08-07 | 2,891 |
| 2026-08-10 | 2,930 |
| 2026-08-13 | 2,912 |
| 2026-08-16 | 2,913 |
| 2026-08-17 | 2,915 |
| 2026-08-19 | 2,862 |
| 2026-08-20 | 2,838 |
| 2026-08-23 | 2,840 |
| 2026-08-24 | 2,755 |
| 2026-08-25 | 2,750 |
| 2026-08-28 | 2,977 |
| 2026-08-31 | 2,961 |
| 2026-09-03 | 2,961 |
| 2026-09-04 | 2,943 |
| 2026-09-07 | 2,892 |
| 2026-09-10 | 2,897 |
| 2026-09-11 | 2,897 |
| 2026-09-14 | 2,920 |
| 2026-09-17 | 2,890 |
| 2026-09-18 | 2,858 |
| 2026-09-19 | 2,880 |
| 2026-09-20 | 2,880 |
| 2026-09-21 | 2,880 |
| 2026-09-24 | 2,854 |
| 2026-09-27 | 2,886 |
| 2026-09-28 | 2,886 |
| 2026-09-29 | 2,917 |
| 2026-09-30 | 2,923 |
| 2026-10-01 | 2,960 |
| 2026-10-02 | 2,971 |
| 2026-10-03 | 3,122 |
| 2026-11-03 | 2,845 |
| 2026-11-04 | 2,843 |
| 2026-11-06 | 2,922 |
| 2026-11-08 | 2,941 |