How much is the average rent in Providence, RI for 1-bedroom and 2-bedroom apartments?

Providence's 2025 rental market shows one-bedroom apartments averaging around $1,700 per month, while two-bedroom units rent for around $2,100 monthly. These figures represent the current market rates across Rhode Island's capital city.

Are rents going up or down in Providence, RI?

In 2024, the Providence rental market saw a modest increase of 0.6% overall. However, 1-bedroom rents decreased by 3.2%, while 2-bedroom rents slightly increased by 0.7%.

When is the best time to look for an apartment in Providence, RI?

November and December offer the best rental opportunities in Providence, with November seeing the lowest rents of the year. December stands out as the least competitive month with lower overall demand, while September has the highest rent with approximately a 6% difference between peak and low seasons.

What are the best neighborhoods to rent an apartment in Providence, RI?

Fox Point, Federal Hill, and Wanskuck represent Providence's most active rental areas, each averaging around $3,330 monthly for one-bedroom apartments. For social living, Upper South Providence, College Hill, Downtown Providence, and Federal Hill offer the strongest combination of walkability and restaurant access with established transit connections.

What areas of Providence, RI are best for budget-conscious renters?

Washington Park offers the most affordable option with median rent around $1,640, followed by Smith Hill at around $1,750 and Elmwood at around $1,790. Washington Park and Smith Hill provide one-bedroom apartments for approximately $1,300 per month, representing 27% savings compared to the city median.

Are there pet-friendly apartments in Providence, RI?

Charles, Wayland, College Hill, and Blackstone neighborhoods are well-equipped with comprehensive pet amenities including dog parks, pet waste stations, and outdoor spaces. These areas feature pet supply stores and pet hospitals, with many apartments including pet-specific features such as designated pet spaces and pet-safe windows.

Are utilities usually included in rent in Providence, RI?

Utilities are rarely included in Providence rentals, appearing in only about 67 total listings or 0.11% of the market. Studios have the highest rate of utility inclusion at 0.30%, while larger apartments like three-bedrooms include utilities in just 0.06% of available units.

Are most apartments in Providence, RI largely older buildings or new developments?

Providence's rental market is dominated by historic architecture, with Colonial style properties accounting for 54.7% of available rentals. Victorian homes represent an additional 15.6% of the market, reflecting the city's deep architectural roots dating back to America's colonial period and 19th-century industrial prosperity.