Rhode Island 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
Luxury
High-end
Mid-tier
Most affordable
On average, the cost of rent in Rhode Island is about $1,276 per month. This puts it in the 58th percentile compared to the nation average cost of rent, which is $1,385. Households in Rhode Island have a median income of $6,061 per month so the average renter in Rhode Island is spending roughly 21% of their earnings on housing.
Nationally, and in Rhode Island, home values are the data point most closely correlated with the cost of rent. The median price of a home in Rhode Island is $372,192 right now, which is lower than states nearby, meaning that rents in Rhode Island also tend to be lower versus these nearby states.
Higher rent prices are common in the southeastern parts of Rhode Island while lower rent rates are often available in northern areas.
Nearby States
- Massachusetts: more expensive rent prices
- Connecticut: more expensive rent prices
- New Hampshire: more expensive rent prices
- Vermont: less expensive rent prices
- New Jersey: more expensive rent prices
- New York: more expensive rent prices
- Maine: less expensive rent prices
- Delaware: more expensive rent prices
- Pennsylvania: less expensive rent prices
- Maryland: more expensive rent prices
States with Similar Populations
- Montana: less expensive rent prices
- Delaware: more expensive rent prices
- South Dakota: less expensive rent prices
- New Hampshire: more expensive rent prices
- Maine: less expensive rent prices
- North Dakota: less expensive rent prices
- Alaska: more expensive rent prices
- Hawaii: more expensive rent prices
- District of Columbia: more expensive rent prices
- Vermont: less expensive rent prices
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