Median rent for residential in as of May, 2022.
Remember to negotiate your rent according to median rental prices. Also, take into account that the price depends on the size/amenities of the apartment.
149 Providence, RI, USA apartments for rent
Providence
Providence, RI has a population of 179,509, while the median age is 30. The household income in Providence, RI is around $40,366. The homeownership rate among the residents is 35%. The median residential property value in Providence, RI that you should keep in mind is $181,100.
| Population | 179,509 |
| Median Age | 29.8 |
| Poverty Rate | 27% |
| Household Income | $40,366 |
| Number Of Employees | 81,622 |
| Median Property Value | $181,100 |
Business & Economy
Wage by Common Jobs
Average salary in Providence, RI: $55,160
- 1. Miscellaneous managers$102,963
- 2. Postsecondary teachers$80,694
- 3. Registered nurses$74,410
- 4. Elementary & middle school teachers$62,601
- 5. Firstline supervisors of retail sales workers$55,973
Highest Paid Occupations
Numbers claim that the highest paid jobs in Providence, RI are Health Diagnosing & Treating Practitioners & Other Technical Occupations, Architecture & Engineering Occupations, Legal Occupations, Healthcare Practitioners & Technical Occupations and Law Enforcement Workers Including Supervisors.
Highest Paid Industries
Keeping in mind that the employment rate changed by 2% recently, there must be a strong understanding of industries people of Providence, RI work in. The highest paid industries are Management of Companies & Enterprises, Public Administration, Professional, Scientific, Technical Services, Finance & Insurance and Utilities.
Demographics
Race & Ethnicity
According to latest census, Providence, RI is a home for 53% white residents. The second common group is latino with 20% residents. The list of the most common racial or ethnic groups is closed by black with 16% residents.
Non-English Speakers
Education
Past year Providence, RI universities awarded around 362,200 degrees. Statistics show that the population of students in Providence, RI includes 181,100 female students and 181,100 male students. Providence, RI offers private and public tuition with a median cost of $47,870 for private four-year colleges and $n/a 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 100 go to the private colleges.
Universities
- 1. Johnson & Wales University-Providence3,001 graduates
- 2. Brown University2,828 graduates
- 3. Providence College1,421 graduates
Public vs Private
Health and Safety
Primary care physicians in Providence, RI see an average of 1,049 patients, dentists 1,663 patients, metal health providers 231 patients, and other healthcare providers 925 patients per year.
Transportation
Commute Time
Average travel time: 21.61 minutes
Commuter Transportation
Citizens of Providence, RI travel to their offices around 22 minutes lately and drove alone to get there. The rest of the residents carpooled and walked.
Housing Trends
How much is an apartment in Providence, RI, USA
Average rent in Providence: $2,571 (+17.5%)
| Rent Price | May | vs Last Month |
|---|---|---|
| 1 bed rentals | $2,067 | +10.5% |
| 2 bed rentals | $3,502 | +38.6% |
| 3 bed rentals | $3,101 | +30.5% |
| 4+ bed rentals | $3,500 | +19.3% |
Over the May 2022, the average rent for an apartment in/near Providence, RI increased by 17.5% to $2,571.
Breaking it down in details, we now see that the average price for 1-bed apartment stands at $2,067 with no changes this month. Pricing for 2-bed apartment remains the same, a place of this size will still cost you $3,502. Reports state that an average 3-bed apartment pricing did not change, so you can still get yourself one for $3,101. Consequently, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $3,500 for a big-family home.
| Rent Type Price | May | vs Last Month |
|---|---|---|
| Apartment rentals | $2,541 | +17.9% |
| Room rentals | $1,220 | +37.7% |
| Loft rentals | $3,450 | N/A |
| Townhouse rentals | $3,750 | N/A |
| Condo rentals | $2,808 | +40.5% |
| House rentals | $3,076 | -5.4% |
Looking at the median rent price for an apartment in Providence, RI, you can note that it remains flat with a price tag of $2,541. The median rent for a house is still $3,076 with no significant changes this month. Condo for rent is now available for the same pricing as previously — $2,808. The median rent for a loft did not face significant changes this time, it now still goes for $3,450. If you’re looking for a room, the price tag still starts at $1,220. The median price did not change this time. Townhouse rent pricing didn’t change, the price still starts at $3,750.
Rent vs Own
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