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Rental Market Trends in Portsmouth, RI

What is the average rent in Portsmouth, RI?

$1,844/month

Average Rent

704 Sq Ft

Average Apartment Size

+2.3%

Increase in the Last Year

As of October 2025, the average rent in Portsmouth, RI is $1,844 per month. For comparison, the national average rent price in the US is currently $1,630/month, which means Portsmouth rent prices are 13% higher than the national average. When you rent an apartment in Portsmouth, you can expect to pay about $1,359 per month for a studio, $1,844 for a one-bedroom apartment, and around $2,238 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,359/month
369 Sq Ft
One Bedroom
$1,844/month
704 Sq Ft
Two Bedroom
$2,238/month
949 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Portsmouth, RI?

In the past year, rent has increased by 2.3%, which averages out to $43 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated October 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Portsmouth, RI
Last Updated October 2025
$1,501 - $2,000
Most rental prices fall within this range
Rent Ranges in Portsmouth, RI
Percentage*
Rent Range
0% Below $700/month
0% $700 - $1,000/month
0% $1,001 - $1,500/month
100% $1,501 - $2,000/month
0% Above $2,000/month

What salary do I need to live comfortably in Portsmouth, RI?

Because the average rent in Portsmouth is $1,844, you’ll want to make about $6,146 per month or $73,752 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Portsmouth, RI

68 Available Apartments for Rent

Search for Nearby Apartments

How does Portsmouth, RI compare to other nearby cities and neighborhoods?

Use the tool below to compare Portsmouth, RI to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Portsmouth, RI

Apartment Averages

Nearby City Rent Trends

  • Middletown Average Rent
  • Bristol Average Rent
  • Tiverton Average Rent
  • Newport Average Rent
  • North Kingstown Average Rent
  • Warren Average Rent

Apartment communities in Portsmouth we think you'll love

Bay View Estates

Bay View Estates

2121 W Main Rd,
Portsmouth, RI 02871

$1,300 - $2,625

Studio - 2 Beds

Oxbow Farms

Oxbow Farms

80 Rogers Ln,
Middletown, RI 02842

Call for Rent

1-3 Beds

27 Westwood Dr

27 Westwood Dr

27 Westwood Dr,
Portsmouth, RI 02871

$2,700

2 Beds

42 Haskins Ave

42 Haskins Ave

42 Haskins Ave,
Tiverton, RI 02878

$2,200

2 Beds

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United States Rhode Island Portsmouth Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in September 2025.

* Percentages may not total 100 due to rounding.

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