Rent in Warwick, RI
Across Warwick's 4 ZIP codes, a 2-bedroom typically rents for about $1,879 a month, with figures from $1,493–$2,045. The highest typical rent is in 02886 ($2,045) and the lowest in 02888 ($1,493). 3 ZIPs have ZIP-level figures from HUD or Census; the other 1 uses the county Fair Market Rent. Owner-occupied homes in Kent County pay about 1.35% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.24% in the week of Oct 29, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,423 | $881–$1,423 | 4 |
| 1 bed | $1,103 | $651–$1,509 | 4 |
| 2 beds | $1,879 | $1,493–$2,045 | 4 |
| 3 beds | $1,901 | $1,348–$2,302 | 4 |
| 4 beds | $2,615 | $1,962–$2,615 | 4 |
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).
Warwick ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Warwick, RI?
- About $1,879 a month: the median of the typical rents in 4 ZIP codes, which range from $1,493–$2,045. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Warwick, RI?
- About $1,103 a month: the median of the typical rents in 4 ZIP codes, which range from $651–$1,509. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Warwick, RI?
- About $1,901 a month: the median of the typical rents in 4 ZIP codes, which range from $1,348–$2,302. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Warwick, RI?
- About $1,423 a month: the median of the typical rents in 4 ZIP codes, which range from $881–$1,423. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Warwick, RI?
- About $2,615 a month: the median of the typical rents in 4 ZIP codes, which range from $1,962–$2,615. Figures are gross rent (rent plus tenant-paid utilities).
- Which Warwick ZIP code has the highest rent?
- For a 2-bedroom, 02886 has the highest typical rent at $2,045 a month, and 02888 the lowest at $1,493.
- What is the property tax rate in Warwick, RI?
- Owner-occupied homes in Kent County pay a typical 1.35% 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 7.24% in the week of Oct 29, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Warwick rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).