Rent in Providence, RI
Across Providence's 12 ZIP codes, a 2-bedroom typically rents for about $1,817 a month, with figures from $1,183–$1,879. The highest typical rent is in 02940 ($1,879) and the lowest in 02905 ($1,183). 7 ZIPs have ZIP-level figures from HUD or Census; the other 5 use the county Fair Market Rent. Owner-occupied homes in Providence County pay about 1.25% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,423 | $517–$2,034 | 12 |
| 1 bed | $1,509 | $836–$1,535 | 12 |
| 2 beds | $1,817 | $1,183–$1,879 | 12 |
| 3 beds | $2,020 | $1,584–$2,302 | 12 |
| 4 beds | $2,615 | $1,191–$2,615 | 12 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Providence ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Providence, RI?
- About $1,817 a month: the median of the typical rents in 12 ZIP codes, which range from $1,183–$1,879. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Providence, RI?
- About $1,509 a month: the median of the typical rents in 12 ZIP codes, which range from $836–$1,535. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Providence, RI?
- About $2,020 a month: the median of the typical rents in 12 ZIP codes, which range from $1,584–$2,302. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Providence, RI?
- About $1,423 a month: the median of the typical rents in 12 ZIP codes, which range from $517–$2,034. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Providence, RI?
- About $2,615 a month: the median of the typical rents in 12 ZIP codes, which range from $1,191–$2,615. Figures are gross rent (rent plus tenant-paid utilities).
- Which Providence ZIP code has the highest rent?
- For a 2-bedroom, 02940 has the highest typical rent at $1,879 a month, and 02905 the lowest at $1,183.
- What is the property tax rate in Providence, RI?
- Owner-occupied homes in Providence County pay a typical 1.25% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Providence rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).