Warwick, RI Rental Market Trends
Last updated: February 18, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Warwick is $1,973, a 4.47% increase compared to the previous year, when the average rent was $1,889.
Studio Apartments at $1,407 offer the most budget-friendly option with 513 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 744 square feet for $1,785, balancing privacy and affordability.
Two-beedroom units at $2,201 offer 1,030 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,321 sq ft) for $2,736, suitable for larger households.
Average rent in Warwick, RI
Last updated: February 18, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,973 | 873 sq. ft. |
| Studio | $1,407 | 513 sq. ft. |
| 1 Bed | $1,785 | 744 sq. ft. |
| 2 Beds | $2,201 | 1,030 sq. ft. |
| 3 Beds | $2,736 | 1,321 sq. ft. |
Warwick, RI rent trends
Rental prices in Warwick, RI have increased by 4.47% over the past year. The average rent moved from $1,889 to $1,973.
What's the typical rent budget in Warwick, RI?
The largest share of rentals in Warwick, RI (54%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Warwick, RI?
9,628 or 27% of the households in Warwick, RI are renter-occupied while 26,580 or 73% are owner-occupied.
Most affordable neighborhoods in Warwick?
Pilgrim Park $1,776/month
Hoxsie $1,812/month
Cowesett $1,976/month
All of these neighborhoods fall below the city wide average of $1,973/month.Average Rent in Warwick, RI By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Hillsgrove | $2,456 |
| Cowesett | $1,976 |
| Hoxsie | $1,812 |
| Pilgrim Park | $1,776 |
/
Warwick | Rent Comparison by Neighborhood
Rent in Cowesett is 20% lower than in Hillsgrove
$1,976
Cowesett rent is 1% higher than Warwick average
Average Rent
$1,976
$2,456
Hillsgrove rent is 24% higher than Warwick average
Average Rent
$2,456
How Warwick Compares to Other Cities
| City | Average Rent |
|---|---|
| Warwick | $1,973 |
| Providence | $2,520 |
| Cranston | $1,991 |
| East Providence | $2,117 |
| Pawtucket | $1,868 |
| Fall River, MA | $2,063 |
| New Bedford, MA | $2,080 |
| 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 Warwick 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.