Average Rent in Rhode Island: $1,729/mo (2026)
Find fair market rent prices for 1 major metro area in Rhode Island. The average 2-bedroom rent across the state is $1,729/mo.
Major Cities in Rhode Island
Sorted by 2-bedroom rent price (highest to lowest)
Explore Rhode Island Rent Data
Browse detailed rent prices for cities across Rhode Island. Each city page includes neighborhood breakdowns, rent trends, and local market insights.
Rhode Island Rental Market Overview
The fair market rent (FMR) data for Rhode Island is published annually by the U.S. Department of Housing and Urban Development (HUD). These figures represent the 40th percentile of gross rents for standard quality rental housing in each metro area.
Rhode Island has 1 major metropolitan area tracked in our database. The most expensive city for renters is Providence, RI with an average 2-bedroom rent of $1,729/mo.
What Affects Rent Prices in Rhode Island?
- Location: Proximity to employment centers and urban amenities significantly impacts rent prices across Rhode Island metros.
- Local Economy: Job growth and industry presence drive rental demand. Strong employment markets typically have higher rents.
- Housing Supply: Areas with new construction tend to have more rental options and potentially competitive pricing.
- Schools: Quality school districts command premium rents, especially for family-sized apartments.
- Transportation: Access to highways and public transit affects neighborhood desirability and pricing.
Frequently Asked Questions About Rhode Island Rent
What is the average rent in Rhode Island?
The average rent in Rhode Island is $1,729 per month for a 2-bedroom apartment based on 2026 HUD Fair Market Rent data. Prices range from $1,729 in Providence to $1,729 in Providence.
What is the cheapest city to rent in Rhode Island?
Providence, RI offers the most affordable rent among major Rhode Island metros at $1,729/month for a 2-bedroom apartment. Studios in Providence average $1,318/month.
What is the most expensive city to rent in Rhode Island?
Providence, RI has the highest rents in Rhode Island at $1,729/month for a 2-bedroom apartment. This is $0 above the state average.
How much do I need to earn to rent in Rhode Island?
To comfortably afford the average Rhode Island 2-bedroom at $1,729/month, you would need an annual income of approximately $69,160 (based on the 30% of income guideline). For the most affordable areas, you would need about $69,160/year.
Is Rhode Island affordable for renters?
Rhode Island offers moderate rental costs, with average 2-bedroom rents at $1,729/month. Some cities offer excellent value while others command premium prices.