US Rubber Lofts
12 Eagle St,
Providence, RI 02908
2 Beds | $2,525
Rental Market Trends in Providence, RI
Updated September 2026
The average rent in Providence, RI is $2,134/month.
Rent in Providence is 28% higher than the national average rent of $1,664/month, making this one of the more expensive cities statewide.
$2,134/month
Average Rent
701 Sq Ft
Average Size
+2.6%
Change / Year
1,525
Available Apartments
Providence rent varies by unit size and layout:
- Studio apartments in Providence average $1,777 per month.
- One-bedroom apartments in Providence average $2,134 per month.
- Two-bedroom apartments in Providence average $2,643 per month.
- Three-bedroom apartments in Providence average $2,875 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Providence, RI?
In the past year, rent has increased by 2.6%, which averages out to $56 more per month.
Market Trends Over Time
September 2026
2025
2026
Rent Ranges in Providence, RI
September 2026
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
1%
Below $700/month
5%
$700 - $1,000/month
19%
$1,001 - $1,500/month
21%
$1,501 - $2,000/month
54%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Providence?
Based on current rent prices, Mt Hope, Fox Point and West End Providence are the most affordable neighborhoods in Providence.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Providence?
Based on current rent prices, Upper South Providence, Smith Hill and Downtown Providence are the most expensive neighborhoods in Providence.
Neighborhood
Average Rent
Average Sq Ft
Which Providence neighborhoods have the most rentals available?
The neighborhoods in Providence with the most apartments available are Downcity, East Side and Downtown Providence .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Providence, RI?
Because the average rent in Providence is $2,134, you’ll want to make about $7,113 per month or $85,356 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.
Cost of Living
The cost of living in Providence, RI is 10.8% higher than the national average. Generally, housing in Providence is 15.2% more expensive than the national average, with rent falling between $1,777 - $2,875. You can expect to pay 2.1% more for groceries, 28.7% more for utilities, and 0% less for transportation.
How does Providence, RI compare to other nearby cities and neighborhoods?
Use the tool below to compare Providence, 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.
View the Providence Area GuideStudio
$1,710/month
$1,878/month
One Bedroom
$1,753/month
$2,225/month
Two Bedroom
$2,000/month
$2,926/month
Three Bedroom
$2,042/month
$2,706/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
-
North Providence
Avg Rent: $1,758/month
-
East Providence
Avg Rent: $1,841/month
-
Rumford
Avg Rent: $1,875/month
-
Cranston
Avg Rent: $1,777/month
-
Pawtucket
Avg Rent: $1,696/month
-
Riverside
Avg Rent: $1,930/month
-
Johnston
Avg Rent: $2,056/month
-
Central Falls
Avg Rent: $1,300/month
-
Seekonk
Avg Rent: $1,766/month
Apartment Communities in Providence We Think You'll Love
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Frequently Asked Questions
What is the average rent in Providence?
The average rent in Providence is $2,134 per month, which is 28.2% higher than the national average of $1,664.
What is the average rent for a house in Providence?
The average rent for a house in Providence, RI is $3,148 per month.
What is the average rent for a townhome in Providence?
The average rent for a townhome in Providence, RI is $1,964 per month.
What is the average rent for a condo in Providence?
The average rent for a condo in Providence, RI is $1,923 per month.
Are rents going up or down in Providence?
Rents in Providence, RI are increasing, with prices up 2.6% year-over-year and $56 more per month.
What rent range is most common in Providence?
In Providence, RI, 54% of apartments fall above $2,000/month, though prices may vary depending on location and other factors.
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 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.