What is the average rent in Rhode Island?
The average rent in Rhode Island for August 2026 is $1,537, according to the most recent data from ApartmentList - July 31, 2026. The average rent of a 2-bedroom apartment in Rhode Island is $1,614. The average rent of a 1-bedroom apartment in Rhode Island is $1,188.
Compared to the national average of $1,388, Rhode Island rent costs 10.7% less. Read our analysis of rents by state to see how Rhode Island ranks.
Here's a look at how average rents have changed over time:
How Does Rhode Island Rent Compare To The Rest Of The Country?
| Statistic | RI | USA | % Difference |
|---|---|---|---|
| Average Rent | $1,537 | $1,388 | 10.7% |
| M-o-M Change | $4 | $3 | 33.3% |
| Y-o-Y Change | $26 | -$15 | -273.3% |
| M-o-M % Change | 0.3% | 0.2% | - |
| Y-o-Y % Change | 1.7% | -1.1% | - |
Median Rent By Bedrooms In Rhode Island
As you would expect, the median price for rent in Rhode Island increases as the number of bedrooms in the unit increases. 1-Bedroom rent is the cheapest in Rhode Island clocking in at $1,188, while a 2-bedroom rental will set you back $1,614 per month.
If you don't mind having roommates, the best option on a per room basis is a 2-bedroom rental for $807/room/month.
Read on to find out more or for more on Rhode Island check out:
- Best Places To Live In Rhode Island
- Cheapest Places To Live In Rhode Island
- Most Dangerous Cities In Rhode Island
Month Over Month Rhode Island Rent Statistics
Rhode Island has experienced a $4 change in rent over the past month going from $1,533 to $1,537. That change comes out to 0.3%.
For reference, the US national average rent changed $3 in the past month or 0.2%.
Here's a look at the month over month change for each month since 2017 for Rhode Island:
Year Over Year Rhode Island Rent Statistics
Over the past year, the average rent in Rhode Island changed $26 from $1,511 to $1,537. A change of $26 means that rents changed 1.7% in a year.
That compares to the US national change of -$15 in the past year or -1.1%.
Here's a look at the year over year change by month since 2017 for Rhode Island:
The 10 Places With The Highest Rent In Rhode Island
1. Melville
Population: 1,429
Median Rent: $2,233
More on Melville: Real Estate
2. Hope Valley
Population: 1,777
Median Rent: $1,546
More on Hope Valley: Real Estate
Population: 6,983
Median Rent: $1,379
More on Kingston: Data | Cost Of Living | Real Estate
Population: 3,977
Median Rent: $1,286
More on Narragansett Pier: Data | Real Estate
Population: 11,211
Median Rent: $1,263
More on Newport East: Data | Cost Of Living | Real Estate
Population: 24,745
Median Rent: $1,245
More on Newport: Data | Crime | Cost Of Living | Real Estate
7. Bradford
Population: 1,477
Median Rent: $1,227
More on Bradford: Real Estate
Population: 81,218
Median Rent: $1,178
More on Warwick: Data | Crime | Cost Of Living | Real Estate
Population: 17,323
Median Rent: $1,119
More on Westerly: Data | Crime | Cost Of Living | Real Estate
10. Wakefield-Peacedale
Population: 9,044
Median Rent: $1,072
More on Wakefield-Peacedale: Real Estate
Learn More About Living In Rhode Island
- Best Places To Raise A Family In Rhode Island
- Safest Places In Rhode Island
- Worst Places To Live In Rhode Island
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