GITNUX MARKETDATA REPORT 2024
Statistics About The Average Rent In Providence Ri
The average rent in Providence, RI is $1,495 per month.
In this post, we will explore various statistics related to the average rent in Providence, RI. From comparisons to state averages and neighboring towns, to trends in rental prices and vacancy rates, these insights provide a comprehensive look at the rental market in the city.
Statistic 1
"Providence rental prices are 10% higher than the state average."
Statistic 2
"The average rent for newly constructed apartments in Providence is $2,500 per month."
Statistic 3
"The average rent in downtown Providence is $2,400 per month."
Statistic 4
"Providence, RI has the third-highest average rent in the state."
Statistic 5
"The average rent increase in Providence, RI over the past year was 5%."
Statistic 6
"Rent in Providence, RI peaks during the months of June and July."
Statistic 7
"The vacancy rate for rentals in Providence, RI is currently 4.7%."
Statistic 8
"Providence has seen a 3% year-over-year increase in rental costs."
Statistic 9
"The cost of renting an apartment in Providence, RI is ranked 7th among New England cities."
Statistic 10
"85% of apartments in Providence, RI are more expensive than the national average."
Statistic 11
"Rent prices in Providence, RI have increased by 1.5% from the previous quarter."
Statistic 12
"The average rent for a one-bedroom apartment in Providence, RI is $1,800 per month."
Statistic 13
"The average rent for a studio apartment in Providence, RI is $1,400 per month."
Statistic 14
"The cost of renting a one-bedroom apartment in Providence is 15% more than neighboring towns."
Statistic 15
"The historical rent increase rate in Providence, RI over the past decade is 25%."
Statistic 16
"The percentage of income spent on rent in Providence, RI is 34%."
Statistic 17
"The average rent for student housing in Providence is $950 per month per bedroom."
Statistic 18
"The average rent cost for a two-bedroom apartment in Providence is $2,200 per month."
Statistic 19
"The median rent for a three-bedroom apartment in Providence is $2,700."
Statistic 20
"The average rent for a luxury apartment in Providence, RI is $3,200 per month."
Jannik Lindner
Can You Trust Our Report?
The statistics are checked by us and then entered into the database. Our market data reports have been linked to by some of the largest publishers and companies on the Internet.
