Average Rent in Providence, RI (2026)
The average 1-bedroom rent in Providence, RI is $1,538/month as of 2026, based on HUD data across 22 ZIP codes. Rents have changed +4.4% year over year. Rents range from $1,190 to $2,100.
Average Rent · 1-Bedroom
$1,538/mo
Source: HUD Fair Market Rent · 22 zip codes
Year-over-Year
↑ +4.4%
Source: Apartment List, Zillow ZORI, HUD Fair Market Rent
Data through
The average 1-bedroom rent in Providence, RI is $1,538/month according to HUD FY2026 Fair Market Rent data, covering 22 ZIP codes. Rents have increased 4.4% year-over-year. The average 1-bedroom rent in Providence is 29% above the national average of $1,196/month.
Average rent in Providence, RI ranges from $1,190 to $2,100 across 22 ZIP codes.
Based on local market data, a fair rent increase in Providence, RI is approximately 4.4% for 2026. An increase above 4.4% exceeds the local market trend and may be worth negotiating.
Key Facts
Sources: Apartment List, Zillow ZORI, HUD Fair Market Rent, HUD SAFMR, Rentcast. Updated February 2026.
How much is rent in Providence, RI?
The average 1-bedroom rent in Providence, RI is $1,538/month as of 2026, based on HUD data across 22 ZIP codes. Rents range from $1,190 to $2,100 depending on neighborhood — a $910/month spread. To afford this at the 30% rule, a household would need approximately $61,520/year.
Is rent going up in Providence?
Rents in Providence have increased 4.4% year over year based on local market data. This suggests a relatively stable rental market.
What is a fair rent increase in Providence?
Based on local market data, a rent increase around 4.4% is in line with the Providence market for 2026. An increase above that level exceeds the local trend and may be worth pushing back on. Check your specific increase with RenewalReply's free rent analysis tool.
Rent Trends in Providence
+4.4%
Rents in Providence are rising at +4.4% year-over-year.
✓ Verified trend
Market sources range from +2.8% to +6.4%
Why the range? Zillow ZORI tracks what landlords are asking for units (+6.4%), while Apartment List tracks what renters actually sign leases at (+2.8%).Landlords are asking more than renters are paying — this suggests renters may have negotiating leverage in Providence right now.
Sources: Apartment List, Zillow ZORI, HUD Fair Market Rent
What Should Rent Cost in Providence?
Typical rent ranges based on HUD benchmarks and market data. In areas with limited listing data, ranges reflect federal benchmarks and may be wider than actual market conditions.
A studio in Providence typically rents for $1,445 – $1,662.
Rents above $1,911 are in the top 25% for this area.
A 1-bedroom in Providence typically rents for $1,538 – $1,769.
Rents above $2,034 are in the top 25% for this area.
A 2-bedroom in Providence typically rents for $1,897 – $2,182.
Rents above $2,509 are in the top 25% for this area.
A 3-bedroom in Providence typically rents for $2,291 – $2,635.
Rents above $3,030 are in the top 25% for this area.
A 4-bedroom in Providence typically rents for $2,724 – $3,133.
Rents above $3,603 are in the top 25% for this area.
Federal Rent Benchmarks for Providence
HUD Fair Market Rents are federal rent benchmarks published annually by HUD. They provide a consistent baseline for comparing rents across areas.
Studio
$1,445
HUD Fair Market Rent
1-Bedroom
$1,538
HUD Fair Market Rent
2-Bedroom
$1,897
HUD Fair Market Rent
3-Bedroom
$2,291
HUD Fair Market Rent
4-Bedroom
$2,724
HUD Fair Market Rent
Source: HUD SAFMR FY2026 · Updated
Zip Codes in Providence
Click any zip code for detailed rent data including zip-specific SAFMR rates, nearby comparables, and a free rent increase check.
| Zip Code | 1-BR SAFMR | YoY |
|---|---|---|
| 02876 | $2,100 | +2.9% |
| 02903 | $1,970 | +2.9% |
| 02906 | $1,900 | +2.9% |
| 02912 | $1,900 | +2.9% |
| 02823 | $1,770 | +2.9% |
| 02802 | $1,430 | +2.9% |
| 02791 | $1,420 | +1.6% |
| 02908 | $1,400 | +2.9% |
| 02918 | $1,400 | +2.9% |
| 02829 | $1,300 | +2.9% |
| 02824 | $1,290 | +2.9% |
| 02826 | $1,190 | +2.9% |
| 02801 | $1,890 | — |
| 02877 | $1,510 | — |
| 02880 | $1,510 | — |
| 02883 | $1,510 | — |
| 02887 | $1,470 | — |
| 02862 | $1,400 | — |
| 02901 | $1,400 | — |
| 02940 | $1,400 | — |
Showing top 20 of 22 zip codes.
SAFMR rates are zip-specific. YoY from Apartment List or Zillow ZORI where available.
How Does Providence Compare?
Questions about rent in Providence
What is the average 1-bedroom rent in Providence, RI?
The average 1-bedroom fair market rent in Providence, RI is $1,538/month as of 2026, based on HUD rent data across 22 ZIP codes in the city. This is 29% above the national average of $1,196/month. Rents range from $1,190 to $2,100 depending on ZIP code.
What is a fair rent increase in Providence?
A rent increase up to about 4.4% is broadly in line with the recent market trend in Providence. Increases above that level are above trend and should be tested against neighborhood-level pricing and comparable rentals. The current average 1-BR rent is $1,538/month.
Are rents going up or down in Providence?
Rents in Providence have increased 4.4% year over year based on local market data. This reflects local market conditions across 22 ZIP codes in the Providence-Fall River, RI-MA HUD Metro FMR Area area.
How much do rents vary across Providence?
1-bedroom rents across Providence range from $1,190 to $2,100 on this page, a $910/month spread. This shows that rent can vary materially across ZIP codes within the same city, reflecting neighborhood-level differences in housing stock and demand.
Can my landlord raise my rent in Providence?
We could not identify a city-specific rent cap for Providence. Landlords must still follow applicable state and local notice rules before raising rent at lease renewal. Requirements vary — check your state's landlord-tenant statute for specifics on notice periods and timing.
How much should I spend on rent in Providence?
The general guideline is to spend no more than 30% of your gross income on rent. With average 1-bedroom rent in Providence at $1,538/month, a household would need approximately $61,520/year in gross income to afford this comfortably. Many renters in high-cost areas spend above this threshold — our free tool can help you assess whether your specific rent is fair for your ZIP code.
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Renter Tools
Browse Providence ZIP Codes
See rent data by ZIP code in this city.
Renter Guides
- How to Negotiate a Rent Increase →
A data-driven guide with free email templates for pushing back on your landlord.
- Rent Increase Laws in Rhode Island →
See notice rules, caps, and tenant protections in Rhode Island.
- What Should I Pay for Rent? →
How to compare rent prices and know if you're getting a fair deal.
Market data updated monthly from public and third-party sources. Actual rents vary by unit, building, and lease terms. For informational purposes only — not legal or financial advice. See methodology →