Rentometer, Inc. | Data as of 10/22/2025
Providence offers a dynamic rental market that balances historic charm with vibrant urban living. Downtown and the College Hill area attract professionals and students alike, thanks to easy access to the Providence Riverwalk, the State House, and the cultural hub of WaterFire. The East Side, home to Brown University and the Rhode Island School of Design, provides a blend of walkable streets, boutique shops, and leafy parks, making it a sought‑after location for both studio and one‑bedroom apartments, which typically fall in the $1800‑$1900 range.
Apartment renters will find a wide spectrum of options, from compact studios to spacious four‑plus bedroom units, with median rents spanning the $1750s for studios up to the $3400‑$3800 range for larger layouts. House rentals cater to families and those seeking more space, with one‑bedroom homes averaging in the $1500s and larger four‑plus bedroom homes reaching the $4000s. Neighborhoods such as Federal Hill, renowned for its Italian eateries, and the West End, known for its historic brownstones, add distinct character to the rental landscape.
Beyond the streets of the city center, Providence’s thriving arts scene, vibrant dining options, and convenient public transit make it an appealing destination for renters of all ages. Whether you’re drawn to the energetic nightlife of the downtown waterfront or the quiet, tree‑lined avenues of the East Side, the city’s diverse housing stock and competitive rental rates provide ample opportunities to find a home that fits your lifestyle.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,804 | $1,730 | $713 - $2,540 | $1,600 - $2,190 |
| Apartment | 1 Bedroom | $1,883 | $1,867 | $615 - $4,347 | $1,350 - $2,425 |
| Apartment | 2 Bedroom | $2,314 | $2,147 | $650 - $6,100 | $1,280 - $3,060 |
| Apartment | 3 Bedroom | $2,451 | $2,312 | $900 - $6,800 | $1,700 - $2,925 |
| Apartment | 4+ Bedroom | $4,005 | $4,000 | $1,795 - $8,350 | $3,000 - $4,250 |
| House | 1 Bedroom | $1,511 | $1,100 | $920 - $3,000 | $950 - $2,100 |
| House | 2 Bedroom | $2,167 | $2,325 | $690 - $4,000 | $1,600 - $3,000 |
| House | 3 Bedroom | $2,759 | $2,647 | $980 - $6,500 | $2,200 - $3,599 |
| House | 4+ Bedroom | $4,146 | $3,600 | $2,699 - $9,000 | $3,000 - $4,500 |
In the current period, the average rent in Providence was $1,823 for Studio, $1,867 for 1 Bedroom, $2,290 for 2 Bedroom, $2,580 for 3 Bedroom, and $3,558 for 4+ Bedroom.
Data provided by Rentometer, Inc.