Providence renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in the purple and dark green areas.
Rental Price Key
On average, the cost of rent in Providence is about $1,266 per month. This puts it in the 43rd percentile compared to the state average cost of rent, which is $1,276. Households in Providence have a median income of $6,218 per month so the average renter in Providence is spending roughly 20% of their earnings on housing.
Nationally, and in Providence, home values are the data point most closely correlated with the cost of rent. The median price of a home in Providence is $382,759 right now, which is higher than cities nearby, meaning that rents in Providence also tend to be higher versus these nearby cities.
Higher rent prices are common in the southern parts of Providence while lower rent rates are often available in southeastern areas.
Nearby Cities
- Providence, RI: comparable rent prices
- North Providence, RI: less expensive rent prices
- East Providence, RI: less expensive rent prices
- Johnston, RI: less expensive rent prices
- Rumford, RI: less expensive rent prices
- Cranston, RI: more expensive rent prices
- Pawtucket, RI: less expensive rent prices
- Central Falls, RI: less expensive rent prices
- Riverside, RI: less expensive rent prices
- Seekonk, MA: more expensive rent prices
Cities with Similar Populations
- Oceanside, CA: more expensive rent prices
- Bayamon, PR: less expensive rent prices
- Salt Lake City, UT: more expensive rent prices
- Port St. Lucie, FL: more expensive rent prices
- Huntington Beach, CA: more expensive rent prices
- Grand Prairie, TX: more expensive rent prices
- Fort Lauderdale, FL: more expensive rent prices
- Spring Valley, NV: more expensive rent prices
- Eugene, OR: less expensive rent prices
- Fort Collins, CO: more expensive rent prices
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