Average Rent Prices in Rhode Island (RI)
$2,0321
Average
$1,4741
Studio
$1,5091
1BR
$1,9211
2BR
$2,4551
3BR
$2,8001
4BR
🪄 RentalRealEstate Quick Answer
Rhode Island’s average fair market rent is $2,032/month, ranking 7th among US states highest rent prices and 30.97% above the $1,551 national average. This page covers Rhode Island’s statewide rent averages by bedroom count, metro-area rent comparisons, and rent context versus neighboring states and national benchmarks.
As of 2026, the overall average fair market rent for a residential rental property in Rhode Island is $2,032. Average rent prices in Rhode Island sit well above the national average rent of $1,551, in which Rhode Island ranks 7th highest rent among all 50 states as and 44th lowest rent among all 50 states within the United States. In Rhode Island’s large metropolitan areas such as Providence, RI, the average rent prices tend to be higher, while alternative areas such as Warwick, RI, can provide more affordable options.
Rhode Island (RI) Rent Rankings
7th
Highest Rent Among 50 States
44th
Lowest Rent Among 50 States
Above
The National Rent Average
$481
Per Month Above National Rent Average
30.97%
Per Month Above National Rent Average
Average Rent Prices in Rhode Island (RI) Visual Chart
Studio
A one-room unit with a private bathroom.
1BR
A unit that has a separate bathroom and a separate bedroom.
2BR
A unit that has two separate and distinct bedrooms.
3BR
A unit that has 3 separate and distinct bedrooms.
4BR
A unit that has 4 separate and distinct bedrooms.
Average Rent Prices in Rhode Island (RI) by Metro Area
| wdt_ID | Metro | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|---|
| 1 | Newport-Middleton-Portsmouth, RI HUD Metro FMR Area | 1752 | 1764 | 2314 | 3131 | 3595 |
| 2 | Providence-Fall River, RI-MA HUD Metro FMR Area | 1318 | 1402 | 1729 | 2087 | 2480 |
| 3 | Westerly-Hopkinton-New Shoreham, RI HUD Metro FMR Area | 1353 | 1362 | 1721 | 2146 | 2326 |
| Metro | Studio | 1BR | 2BR | 3BR | 4BR |
Based on average of Fair Market Rents (FMRs) for 0-4 bedroom residential rental units throughout United States excluding Puerto Rico for calendar year 2026.
Year-Over-Year Changes in Rhode Island (RI) Rent Prices
5.61%
or
$108
Year-Over-Year Increase
$1,9241
2025 Average Historical Rent Price
$2,0321
2026 Average Current Rent Price
$2,1461
2027 Projected Average Rent Price
Based on average of Fair Market Rents (FMRs) for 0-4 bedroom residential rental units throughout United States excluding Puerto Rico for calendar year 2025, 2026, and estimated 2027 projection.
Rhode Island (RI) Rental Real Estate Resources
Rhode Island Rental Property Management
Rhode Island rental property management focuses on handling tenant relations, property maintenance, and legal compliance to help property owners maximize their investment returns.
Rhode Island Rental Property Insurance
Rhode Island landlord insurance provides real estate investors with essential protection against financial losses caused by property damage, liability claims, loss of rental income, and other risks.
Rhode Island Rental Property Loans
Rhode Island rental property loans offer investors financing options to purchase, refinance, or upgrade properties in a state known for its coastal communities and compact, high-demand rental market.
Rhode Island Rental Agreements
Residential rental agreement templates in Rhode Island provide a standardized format for detailing the terms of a rental arrangement, including rent, lease duration, and landlord/ tenant responsibilities.
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Rhode Island (RI) Rent Price Calculators
Need help with rent-related math? Use our rental property calculators to handle everything from price adjustments to fee calculations in just a few clicks.
Average Rent Prices in Other US States 2026
Rent prices for each state across the United States can greatly vary. Click on a State below to see the specific fair market residential rent prices for that state:
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Average Rent in the United States
Average rent prices across the United States provide excellent insights into highs, lows, and emerging market trends.
Cheapest Rent in the United States
The cheapest rent in the U.S. is an appealing topic for thrifty tenants and investors seeking lower price point properties.
Most Expensive Rent in the United States
It’s no secret that rent prices have been continually on the rise, but where are rents really the highest in the United States?
1Based on average of Fair Market Rents (FMRs) for 0-4 bedroom residential rental units throughout the United States, excluding Puerto Rico.
Methodology
Areas with insufficient inventory or populations less than 25,000 were excluded from this analysis. Averages are based on the combined average of 0-4 bedroom residential rental properties throughout the United States excluding Puerto Rico.
Data
Rent prices are based on aggregated data from one and/or several sources noted below:
Disclaimer
The information included is used for illustrative purposes only. The data contained herein does not constitute financial, legal, or any material advice. Data is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals before making any material decisions.