Rental Market Trends in Rhode Island
Updated July 2026
$1,894/month
Average Rent
+3.2%
Increase in the Last Year
+$58
Average Price Increase
Ranked 7th
Most Expensive Rent by State
3,375
Available Rentals
Central Falls, RI
City with the Lowest Rent
What is the average rent in Rhode Island?
As of July 2026, the average rent in Rhode Island is $1,894/month. When you rent an apartment in Rhode Island, you can expect some variability depending on the region. For instance, metropolitan areas may have higher rents than smaller towns and rural areas. In general, you can expect to pay about $1,648 per month for a studio, $1,894 for a one-bedroom apartment, and around $2,312 for a two-bedroom apartment in Rhode Island. If you opt for a three-bedroom rental, you could pay $2,597 or more.
Rent by City
What are the most affordable cities in Rhode Island?
Based on current rent prices, the cheapest cities in Rhode Island to live are Central Falls, Woonsocket and Newport.
What are the most expensive cities in Rhode Island?
Based on current rent prices, the most expensive cities in Rhode Island to live are Providence, Warwick and East Providence.
Nearby State Markets
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Methodology
† 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.
State graphics provided by ProPublica
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