How many apartments are available in Downtown Providence on Rentable.co?

Rentable.co has over 120 apartments available near Downtown Providence.

What is the average rent for a studio apartment in Downtown Providence?

The average rent for a studio apartment near Downtown Providence is around $1,825 per month.

What is the average rent for a one-bedroom apartment in Downtown Providence?

The average rent for a one-bedroom apartment near Downtown Providence is around $1,895 per month.

What is the average rent for a two-bedroom apartment in Downtown Providence?

The average rent for a two-bedroom apartment near Downtown Providence is around $2,172 per month.

How many apartments are available in Providence, RI on Rentable.co?

Rentable.co has over 5,433 apartments available in Providence.

What is the average rent for a studio apartment in Providence, RI?

The average rent for a <a href='/providence-ri/studio-apartments-for-rent' >studio apartment</a> in Providence is around $1,810 per month.

What is the average rent for a one-bedroom apartment in Providence, RI?

The average rent for a <a href='/providence-ri/1-bedroom-apartments-for-rent' >one-bedroom apartment</a> in Providence is around $1,890 per month.

What is the average rent for a two-bedroom apartment in Providence, RI?

The average rent for a <a href='/providence-ri/2-bedroom-apartments-for-rent' >two-bedroom apartment</a> in Providence is around $2,140 per month.

How expensive is it to rent an apartment in Providence, RI?

For a two-bedroom apartment in Providence, the average rent price is $2,140 per month, which is higher than the national average of $1,630 per month.

Can I afford an apartment for rent in Providence, RI?

Based on average rent prices in Providence, to afford a <a href='/providence-ri/studio-apartments-for-rent' >studio apartment</a> you would need an annual household income of $72,000 to live comfortably.

Apartments in Downtown Providence

Providence:
August Rent Report

Welcome to the August 2026 Providence Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the August 2026 key findings and figures for the Providence rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Providence and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Providence average rent prices in the chart below.

Monthly Rent Report

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Aug. 2026

1 BR 2 BR

Providence Rent Prices Decrease From July to August

Providence rent prices decreased over the last month. From July to August, the city experienced a 0% decrease for the price of a one-bedroom apartment. The rent price for a Providence one-bedroom apartments currently stands at $.

When we take a look at the two-bedroom comparison from July to August, Providence experienced a 0% decrease for the price of a two-bedroom apartment. The rent price for a Providence two-bedroom apartments currently stands at $.

August Prices: Providence vs. Surrounding Areas

Rent Prices in Providence and Surrounding Areas

Rent prices have decreased in Providence over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Providence suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

Rents did not increase in any of the Providence suburbs
Rents did not decrease in any of the Providence suburbs.

August 2026 Pricing Trends: Providence vs. National Comparisons

Providence Rent Prices More Affordable Than Major Cities

Rent growth in Providence over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Providence average rent prices appear to be relatively affordable for local residents.

The price for a Providence one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Providence and surrounding area rent prices, take a look at the complete data set below.

Data set for Providence and suburbs

	1 BR August	1 BR M/M % Change	2 BR August	2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.