Median rent for residential apartments in as of May, 2020.
Be informed, make custom offers based only on median rent prices. But keep in mind, that price depends on size/amenities of the apartment.
64 Providence, RI, USA apartments for rent
Providence
Providence, RI has a population of 178,851, including 43% latino, 36% white, and 13% black.
| Population | 178,851 |
| Median Age | 29.4 |
| Poverty Rate | 26% |
| Median Income (Household) | $37,366 |
| Number Of Employees | 79,723 |
| Median Property Value | $173,800 |
City Overview
The median household income in Providence, RI is around $37,366, while the median age is 29.4. This city is a home to major universities: Johnson & Wales University-Providence, Doctoral Universities: Highest Research Activity, and Doctoral Universities. 79,723 employees work in Providence, RI. The homeownership rate among the residents is 33.97%. The median property value that you should keep in mind is $173,800.
Business & Economy
Wage by Common Jobs
Average salary: $39,193
- 1. Elementary & middle school teachers$75,724
- 2. Retail salespersons$36,838
- 3. Secretaries & administrative assistants$32,850
- 4. Nursing, psychiatric, & home health aides$25,830
- 5. Cashiers$24,721
Employment by Occupations
Numbers claim that the employment rate in Providence, RI changed by 0%, so let’s see what are the most common job groups in this area. People of Providence, RI prefer to work in Administrative, Sales and Production.
| Farming, Fishing, & Forestry | 0% |
| Fire Fighting Supervisors | 0% |
| Legal | 1% |
| Architecture & Engineering | 1% |
| Law Enforcement Supervisors | 1% |
| Health Technicians | 1% |
| Life, Physical, & Social Science | 1% |
| Installation, Maintenance, & Repair | 2% |
| Computer & Mathematical | 2% |
| Arts & Recreation | 2% |
| Community & Social Service | 3% |
| Transportation | 3% |
| Material Moving | 3% |
| Business & Financial Operations | 3% |
| Construction & Extraction | 4% |
| Health Practitioners | 4% |
| Personal Care & Service | 5% |
| Healthcare Support | 5% |
| Cleaning & Maintenance | 6% |
| Management | 6% |
| Food & Serving | 7% |
| Education, Training, & Library | 8% |
| Production | 9% |
| Sales | 10% |
| Administrative | 12% |
Employment by Industries
Keeping in mind that the employment rate changed by 0% recently, there must be a strong understanding of industries people of Providence, RI work in. The most common industries are Healthcare & Social Assistance, Educational Services and Manufacturing. Please note that not all the residents of Providence, RI work in the area and may be employed outside of the city. Our data is tagged to their residential address, not the work address.
| Management of Companies & Enterprises | 0% |
| Mining, Quarrying, Oil, Gas Extraction | 0% |
| Agriculture, Forestry, Fishing, Hunting | 0% |
| Utilities | 0% |
| Real Estate, Rental & Leasing | 1% |
| Information | 2% |
| Public Admin. | 2% |
| Arts, Entertainment, Recreation | 2% |
| Wholesale trade | 2% |
| Transportation & Warehousing | 3% |
| Finance & Insurance | 3% |
| Construction | 4% |
| Professional, Scientific, Tech Services | 5% |
| Other services, except public administration | 5% |
| Admin., Support, Waste Management Services | 5% |
| Accommodation & Food Service | 10% |
| Retail trade | 11% |
| Manufacturing | 12% |
| Educational Services | 15% |
| Healthcare & Social Assistance | 17% |
Demographics
Race & Ethnicity
According to latest census, Providence, RI is a home for 43% latino residents. The second common group is white with 36% residents. The list of the most common racial or ethnic groups is closed by black with 13% residents.
Non-English Speakers
Education
Past year Providence, RI universities awarded around 19,891 degrees. Statistics show that the population of students in Providence, RI include 3,552 male students and 4,811 female students. Providence, RI offers private and public tuition with a median cost of $50,224 for private four-year colleges and $0 for in-state public four-year colleges. The largest university of this city is the Johnson & Wales University-Providence with the majority of graduates. The Brown University and Providence College hold the second and the third place respectively. The share of the public colleges in Providence, RI is 28% and 72% go to the private colleges.
Universities
- 1. Johnson & Wales University-Providence3,497 graduates
- 2. Brown University2,789 graduates
- 3. Providence College1,325 graduates
Public vs Private
- Public72%
- Private28%
Health and Safety
The age groups that most likely have the health care coverage in Providence, RI are 25-34 years old for men and 6-17 years old for women. Providence, RI offers a 95 primary care clinician to 1 patient ratio. Data records state that dentists ratio is 60 to 1, speaking of mental health doctors ratio, it’s 408 to 1 resident.
Clinician to Patient Ratios
| Primary Care | 1 to 95 |
| Dentists | 1 to 60 |
| Mental Health | 1 to 408 |
| Other | 1 to 99 |
Transportation
Commute Time
Average travel time: 21.52 minutes
- USA
- Providence, RI
Commuter Transportation
The workers of Providence, RI traveled to their offices around 21.52 minutes lately and drove alone to get there. The rest of the residents carpooled and walked.
- USA
- Providence, RI
Housing Trends
Providence, RI, USA Housing Trends
Average rent in Providence: $2,143 (+4.6%)
| Rent Price | May | vs Last Month |
|---|---|---|
| 1 bed apartments | $1,482 | -10.8% |
| 2 bed apartments | $2,517 | +2.6% |
| 3 bed apartments | $1,890 | +7.2% |
| 4+ bed apartments | $2,172 | +7.1% |
| Rent Type Price | May | vs Last Month |
|---|---|---|
| Apartment rentals | $2,369 | +12% |
| House rentals | $2,100 | -10.8% |
| Room rentals | $525 | -1.8% |
| Loft rentals | $1,500 | +1.5% |
Over the May 2020, the average rent for an apartment in/near Providence, RI increased by 4.6% to $2,143. Breaking it down in details, we now see that the average price for 1-bed apartment decreased by 10.8% to $1,482. Pricing for 2-bed apartment also increased by 2.6% and a place of this size will now cost you $2,517. 3-bed apartment rent pricing starts at $1,890, it increased by 7.2% lately. We tend to note the rise of 4- and more bed apartment pricing. It increased by 7.1% and made it up to $2,172.
The median rent for an apartment in Providence, RI increased by 12% to $2,369. Statistics show that house rent price decreased by 10.8% this month making it up to $2,100. The median rent for a loft faced changes as well, it increased by 1.5%, the price tag now starts at$1,500. An average room will now go for $525, the median rent price for a room decreased by 1.8%.
Rent vs Own
- Rent34%
- Own66%
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