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Typical Rent in 02829 — Providence, RI
The typical 1-bedroom rent in 02829 (Providence, RI) is $1,300/month as of 2026, based on 2 data sources. Rents have risen 2.1% year over year, so an increase above 2.1% exceeds the local market trend. Studio: $1,220. 2-bedroom: $1,600.
Rents in Providence have changed approximately -1.5% – +2.9% over the past year based on local market data. A rent increase above 2.9% is above the local market trend.
Fair Market Rent · 1-Bedroom
$1,300/mo
Source: HUD Fair Market Rent
Data through
Based on federal benchmarks and 1 additional market source.
The HUD Fair Market Rent for a 1-bedroom in 02829 (Providence, RI) is $1,300 for FY2026.
Rents in 02829 have increased 2.1% year-over-year based on local market data.
The confidence level for this estimate is moderate based on 2 data sources.
Based on local market data, a fair rent increase in Providence (02829) is approximately 2.1% for 2026. The typical 1-bedroom rent is $1,300/month. Any increase significantly above 2.1% exceeds the local market trend and may be worth negotiating.
Sources: local market data, HUD SAFMR FY2026, Rentcast. Updated February 2026.
What Should Rent Cost in 02829 (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 02829 (Providence) typically rents for $1,220 – $1,403.
Rents above $1,613 are in the top 25% for this area.
A 1-bedroom in 02829 (Providence) typically rents for $1,300 – $1,495.
Rents above $1,719 are in the top 25% for this area.
A 2-bedroom in 02829 (Providence) typically rents for $1,600 – $1,840.
Rents above $2,116 are in the top 25% for this area.
A 3-bedroom in 02829 (Providence) typically rents for $1,930 – $2,220.
Rents above $2,553 are in the top 25% for this area.
A 4-bedroom in 02829 (Providence) typically rents for $2,300 – $2,645.
Rents above $3,042 are in the top 25% for this area.
Current Asking Rents in 02829
What are apartments actually renting for near 02829? Click below to see live asking rents from current listings.
Live market data · Updated daily
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Rent Trends in Providence, RI
+2.1%
Rents in 02829 (Providence) are rising at +2.1% year-over-year.
⚠ Mixed signals
Market sources range from -1.5% to +2.9%
Sources: Apartment List, HUD Fair Market Rent
Federal Rent Benchmarks for 02829
HUD Fair Market Rents are federal rent benchmarks used for housing programs, published annually by HUD.Note: These values represent the HUD metro-area benchmark for the Providence-Fall River, RI-MA HUD Metro FMR Area area, not zip-specific rates.
| Bedroom Size | Fair Market Rent |
|---|---|
| Studio | $1,220 |
| 1-Bedroom | $1,300 |
| 2-Bedroom | $1,600 |
| 3-Bedroom | $1,930 |
| 4-Bedroom | $2,300 |
Source: HUD SAFMR FY2026 · Updated
Questions about rent in 02829
What is the average 1-bedroom rent in 02829?
The typical 1-bedroom rent in 02829 (Providence, RI) is $1,300/month as of 2026. This page also shows nearby bedroom benchmarks, including studio rent at $1,220 and 2-bedroom rent at $1,600.
What is a fair rent increase in 02829?
A rent increase up to about 2.1% is in line with the recent local market trend in 02829. An increase above that level is above trend and may justify a closer review against local pricing and comparable apartments.
Are rents going up or down in 02829?
Rents in 02829 have risen 2.1% year over year based on the local trend data used on this page.
How much do studios and 2-bedrooms cost in 02829?
On this page, studio rent in 02829 is $1,220/month and 2-bedroom rent is $1,600/month. These figures help show whether your current or proposed rent fits the broader local bedroom mix.
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Similar Rents in Other Areas
These zip codes have similar 1-bedroom rents to 02829 ($1,300/mo) — useful for comparing what your rent gets you in other markets.
Other Zip Codes in Providence, RI
Nearby Areas
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 →