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Rental Market Trends in Warwick, RI

What is the average rent in Warwick, RI?

$1,890/month

Average Rent

727 Sq Ft

Average Apartment Size

+2.8%

Increase in the Last Year

As of April 2026, the average rent in Warwick, RI is $1,890 per month. This is 15% higher than the national average rent price of $1,641/month, making Warwick one of the most expensive cities in the US. When you rent an apartment in Warwick, you can expect to pay about $1,418 per month for a studio, $1,890 for a one-bedroom apartment, and around $2,309 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,767 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,418/month
484 Sq Ft
One Bedroom
$1,890/month
727 Sq Ft
Two Bedroom
$2,309/month
1,034 Sq Ft
Three Bedroom
$2,767/month
1,320 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$2,330/month
1,078 Sq Ft
Three Bedroom
$3,333/month
1,395 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$2,533/month
1,034 Sq Ft

How much has average rent changed in Warwick, RI?

In the past year, rent has increased by 2.8%, which averages out to $53 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 April 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Warwick, RI
Last Updated April 2026
$1,501 - $2,000
Most rental prices fall within this range
Rent Ranges in Warwick, RI
Percentage*
Rent Range
0% Below $700/month
0% $700 - $1,000/month
33% $1,001 - $1,500/month
38% $1,501 - $2,000/month
29% Above $2,000/month

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

Because the average rent in Warwick is $1,890, you’ll want to make about $6,300 per month or $75,600 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

Warwick, RI

386 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Warwick, 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 Warwick, RI

Apartment Averages

Nearby City Rent Trends

  • West Warwick Average Rent
  • Cranston Average Rent
  • East Greenwich Average Rent
  • Riverside Average Rent
  • East Providence Average Rent
  • Bristol Average Rent
  • Providence Average Rent
  • North Kingstown Average Rent

Apartment communities in Warwick we think you'll love

Alta Altitude

Alta Altitude

2119 Post Rd,
Warwick, RI 02886

$2,125 - $3,680 Total Monthly Price

1-3 Beds | 12 Month Lease

Royal Crest Warwick

Royal Crest Warwick

42 Cedar Pond Dr,
Warwick, RI 02886

$1,680 - $4,075

Studio - 3 Beds

Bullocks Point

Bullocks Point

596A Bullocks Point Ave,
Riverside, RI 02915

$1,900 - $2,700

1-3 Beds

Villa Del Rio

Villa Del Rio

303 Greenwich Ave,
Warwick, RI 02886

$1,865 - $2,670

1-2 Beds

Property Management Companies in Warwick, RI

Picerne Real Estate Group
Picerne Real Estate Group
  • 49

    Communities

  • 14,016

    Units

  • 23

    Cities

6 Communities in Warwick
Diversified Funding, Inc.
Diversified Funding, Inc.
  • 14

    Communities

  • 1,333

    Units

  • 13

    Cities

3 Communities in Warwick
Navarino Property Group
Navarino Property Group
  • 23

    Communities

  • 2,022

    Units

  • 18

    Cities

2 Communities in Warwick
Greystar
Greystar
  • 3,489

    Communities

  • 960,145

    Units

  • 891

    Cities

1 Community in Warwick
Harbor Group Management
Harbor Group Management
  • 185

    Communities

  • 54,145

    Units

  • 135

    Cities

1 Community in Warwick
The Wingate Companies
The Wingate Companies
  • 50

    Communities

  • 8,337

    Units

  • 36

    Cities

1 Community in Warwick
Lexington Partners
Lexington Partners
  • 20

    Communities

  • 3,240

    Units

  • 13

    Cities

1 Community in Warwick
The Simon Companies
The Simon Companies
  • 11

    Communities

  • 1,475

    Units

  • 9

    Cities

1 Community in Warwick

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United States Rhode Island Warwick 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 February 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.

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Equal Housing Opportunity

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Equal Housing Opportunity