Last updated on October 30, 2026

Average rent in
Elmwood, Providence, RI

Median rent

Median rent in Elmwood

$2,000/mo

increased by3%

vs previous year

The average rent in Elmwood is $2,000 per month as of October 2026. This is 5% above the national average rent, or $100 more per month.

$1.64

average price per square foot

Total rentals

Available rentals in Elmwood

20

for rent on Zumper.com as of October 2026

Rent price distribution

Share of Elmwood rentals at each price point

85%64%43%21%0%
$0 - $1,500
$1,501 - $3,000
$3,001 - $4,500
$4,501 - $6,000
$6,001 - $50,000

Rent trends in Elmwood, Providence, RI

Average rent prices in Elmwood have decreased by 5% over the last month and have increased by 3% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in Elmwood, Providence, RI

Rent prices in Elmwood vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Elmwood is $1,950, whereas a house costs $2,550. 1-bedroom apartments in Elmwood run $1,500 on average, while 2-bedroom apartments are $1,950.

Listings

Studio

$1,500

No Change

-

1 bedroom

$1,500

4%

27%

2 bedroom

$1,950

No Change

3%

3 bedroom

$2,400

14%

9%

4 bedroom

$2,850

No Change

19%

Studio

Average rent

$1,500

1 bedroom

Average rent

$1,500

Last 30 days

4%

Last year

27%

2 bedroom

Average rent

$1,950

Last year

3%

3 bedroom

Average rent

$2,400

Last 30 days

14%

Last year

9%

4 bedroom

Average rent

$2,850

Last year

19%

The table above reflects average rent prices in Elmwood, Providence, RI, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Elmwood, Providence, RI compare to other neighborhoods?

Compare median rent prices in Elmwood and Lower South Providence by all bedroom counts and property types.

Elmwood

Median rent price$2,000
increased by5%

higher than the national median

Median rent price$2,000
increased by5%

higher than the national median

Takeaway

The median rent for all rentals in Elmwood, Providence, RI is equal to the median rent in Lower South Providence, Providence, RI.

Discover rentals in Elmwood, Providence, RI

654 Elmwood Avenue - Photo 1 of 1

1d ago

8.6

Very good

654 Elmwood Avenue

654 Elmwood Ave, Providence, RI 02907

Studio–1 bed

1 bath

$1,200–$1,300

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.

Stay up to date with rental market insights

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

Frequently asked questions for Elmwood, Providence, RI

Quick answers to common questions about the Elmwood rental market.

How much is rent in Elmwood?

The average rent in Elmwood is $2,000 per month as of October 24, 2026.

Is rent up or down in Elmwood?

Average rent prices in Elmwood have decreased by 5% over the last month and have increased by 3% since last year.

How does Elmwood rent compare to the national average?

Rent in Elmwood is 5% above the national average, which means renters are paying approximately $100 more per month.

What salary do I need to afford rent in Elmwood?

To comfortably afford rent in Elmwood, you'd need to earn approximately $80,000/year, based on spending no more than 30% of your income on rent.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

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