What is the average apartment size in Providence?

The average size for a Providence, RI apartment is 844 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

What is the average rent in Providence?

As of Jan / 2026, the average rent in Providence is $2,520 per month, a 1.82% increase from last years average of $2,475.

How much does rent cost by apartment size in Providence?

In Providence, studios rent for $1,960 per month, one-bedroom units average $2,299 per month, two-bedrooms cost around $2,807 per month, and three-bedroom apartments rent for about $3,766 per month

What is the average apartment size in Providence?

The typical apartment in Providence offers about 844 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

How large are apartments by bedroom count in Providence?

Studio apartments in Providence average 742 sq. ft., one-bedrooms offer 713 sq. ft., two-bedrooms are about 980 sq. ft., and three-bedroom apartments average 1,103 sq. ft.

What are the most affordable neighborhoods in Providence?

The most affordable neighborhoods in Providence include Wayland ($1,906/month), Olneyville ($2,123/month), and Federal Hill ($2,177/month), all below the citywide average of $2,520.

Providence, RI Rental Market Trends

Q: What's the typical rent budget in Providence?

The typical rent budget in Providence ranges from $2,001 to $2,500 per month, with 29% of rentals in this range.

Q: Do most people rent or own in Providence?

In Providence, 59% of households rent while 41% own their homes, based on the latest U.S. Census data.

Last updated: February 18, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Providence is $2,520, a 1.82% increase compared to the previous year, when the average rent was $2,475.

Studio Apartments at $1,960 offer the most budget-friendly option with 742 square feet, ideal for single renters prioritizing location over space.

One-bedroom apartments provide 713 square feet for $2,299, balancing privacy and affordability.

Two-beedroom units at $2,807 offer 980 square feet, perfect for roommates or small families.

Three-bedroom apartments deliver maximum space (1,103 sq ft) for $3,766, suitable for larger households.

Average rent in Providence, RI

Last updated: February 18, 2026

	Average Rent	Average Apartment Size
All Rentals	$2,520	844 sq. ft.
Studio	$1,960	742 sq. ft.
1 Bed	$2,299	713 sq. ft.
2 Beds	$2,807	980 sq. ft.
3 Beds	$3,766	1,103 sq. ft.

Providence, RI rent trends

Rental prices in Providence, RI have increased by 1.82% over the past year. The average rent moved from $2,475 to $2,520.

What's the typical rent budget in Providence, RI?

The largest share of rentals in Providence, RI (29%) fall between $2,001-$2,500 per month. This suggests that most people succesfully find suitable apartments within this price.

Do most people rent or own in Providence, RI?

41,361 or 59% of the households in Providence, RI are renter-occupied while 28,952 or 41% are owner-occupied.

Most affordable neighborhoods in Providence?

Wayland $1,906/month

Olneyville $2,123/month

Federal Hill $2,177/month

All of these neighborhoods fall below the city wide average of $2,520/month.

Average Rent in Providence, RI By Neighborhood

Neighborhood	Average Rent
Fox Point	$2,894
Downtown Providence	$2,720
Federal Hill	$2,177
Olneyville	$2,123
Wayland	$1,906

Providence | Rent Comparison by Neighborhood

Rent in Downtown Providence is 25% higher than in Federal Hill

$2,720

Downtown Providence rent is 8% higher than Providence average

Average Rent $2,720

$2,177

Federal Hill rent is 14% lower than Providence average

Average Rent $2,177

How Providence Compares to Other Cities

City	Average Rent
Providence	$2,520
Cranston	$1,991
East Providence	$2,117
Warwick	$1,973
Pawtucket	$1,868
Fall River, MA	$2,063
Attleboro, MA	$2,204
Woonsocket, RI	$1,359
Newport, RI	$2,169
Taunton, MA	$1,992
North Kingstown, RI	$2,580

Where this data comes from

The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.

Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Providence apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.

Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.