Updated 5+ Days Ago
Location
363 Waterman Ave, Smithfield, RI 02917, USA
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Property Overview
363 Waterman Avenue is rated highly for value, with strong marks for price, amenities, location, and trustworthiness, making it an appealing option overall. It also offers convenient access to a top-rated elementary school nearby and stands out as a well-rounded property with an excellent balance of features.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Elementary school nearby
Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | 900 sqft | $1,495 /mo | 1 unit available | This townhouse style unit was just completely rehabbed and has almost 900 sq. feet of immaculate living space • Includes fresh paint, spotless hardwoods and many updates throughout • Tenant pays only electric – heat and hot water paid by owner! • Large, eat-in kitchen with updated cabinets/counter tops, double sink and flat top stove • Bright and sunny, over-sized family room, with just-finished hardwoods, faux fireplace and great natural lighting • Huge bedroom on 2nd floor, also with hardwood flooring and walk-in closet • Clean bath with full tub • Warm vinyl windows and comfortable steam heat • Large, shared yard and plenty of off-street parking • No Pets • Great Smithfield location, in a very quiet neighborhood, right on RT 104, minutes to RT 44 and 295 and walking distance to Esmond Park and local restaurants |
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Amenities for 363 Waterman Avenue
Apartment Amenities
| Includes Heat and Hot Water | Tenant Pays Electric |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Not allowed
Cat Policy
Not allowed
No pets allowed.
Questions about this property’s policies and fees?
Building details
Property details
| Units | 4 |
|---|
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About 363 Waterman Avenue
This townhouse style unit was just completely rehabbed and has almost 900 sq. feet of immaculate living space • Includes fresh paint, spotless hardwoods and many updates throughout • Tenant pays only electric – heat and hot water paid by owner! • Large, eat-in kitchen with updated cabinets/counter tops, double sink and flat top stove • Bright and sunny, over-sized family room, with just-finished hardwoods, faux fireplace and great natural lighting • Huge bedroom on 2nd floor, also with hardwood flooring and walk-in closet • Clean bath with full tub • Warm vinyl windows and comfortable steam heat • Large, shared yard and plenty of off-street parking • No Pets • Great Smithfield location, in a very quiet neighborhood, right on RT 104, minutes to RT 44 and 295 and walking distance to Esmond Park and local restaurants
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.4
/10
Very GoodWith a solid 8.4 out of 10 overall, 363 Waterman Avenue is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 363 Waterman Avenue has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
363 Waterman Avenue offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, 363 Waterman Avenue is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
363 Waterman Avenue is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While 363 Waterman Avenue does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 363 Waterman Avenue compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 1 mile away
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Rent trends in Smithfield
1-bedroom apartments at 363 Waterman Avenue cost about 0% less than the average rent price for 1-bedroom apartments in Smithfield.
Median rents as of Sep 5 2026.
Smithfield
| Month | Median Rent |
|---|---|
| November 2024 | $1,500 |
| December 2024 | $1,450 |
| January 2025 | $1,312 |
| February 2025 | $1,350 |
| March 2025 | $1,230 |
| June 2025 | $1,550 |
| October 2025 | $1,700 |
| November 2025 | $1,599 |
| December 2025 | $1,600 |
| January 2026 | $1,600 |
| June 2026 | $1,500 |
| September 2026 | $1,500 |
Affordability calculator
Can I afford to live at 363 Waterman Ave?
Bedrooms
1 bedroomRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$59,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $59,800 annually to afford this 1-bedroom monthly rent price of $1,495.
For more information on rent affordability, visit our rent calculator.
Schools near 363 Waterman Avenue
Old County Road School
200 old county rd
smithfield, RI, 2917
K-5Public
B+
Pleasant View Elementary Schoo
1000 pleasant view ave
smithfield, RI, 2917
K-5Public
A-
R.I. School for the Deaf
one corliss park
providence, RI, 2908
PK, K-12Public
Raices Dual Language Academy
135 hunt st
central falls, RI, 2863
PK, K-5Public
C-
Cranston Early Learning Center
45 sprague ave
cranston, RI, 2910
PKPublic
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Internet available near 363 Waterman Avenue
Getting around Smithfield near 363 Waterman Ave
Walking
3/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
3/10
This is semi-bikeable, but you’ll need another way of getting around.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 363 Waterman Ave, Smithfield
Groceries
1/10
No grocery stores within walking distance
Shopping
4/10
Some shops within walking distance
Cafes
5/10
Some cafés within walking distance
Restaurants
4/10
Some restaurants within walking distance
Primary schools
6/10
At least one elementary school within a 20-minute walk
High schools
0/10
No high schools within a 30-minute walk
Parks
8/10
Large amount of park space nearby
Nightlife
3/10
Few or no bars within walking distance
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