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36 1 Bedroom Apartments for rent in Providence, RI

Last updated August 16 at 5:16pm UTC
225 weybosset Street
Downtown Providence
Providence, RI
Updated August 16 at 2:24pm UTC
1 Bedroom
$1,550
18 Imperial Place Unit3C
Upper South Providence
Providence, RI
Updated August 15 at 11:22am UTC
1 Bedroom
$1,400
44 Hospital Street
Upper South Providence
Providence, RI
Updated August 7 at 6:23pm UTC
1 Bedroom
$1,700
1634 Broad Street
Edgewood
Providence, RI
Updated August 2 at 10:14pm UTC
1 Bedroom
$950
1644 Broad Street
Edgewood
Providence, RI
Updated August 2 at 10:14pm UTC
1 Bedroom
$850
147 WHEELER Avenue
Edgewood
Providence, RI
Updated August 2 at 10:05am UTC
1 Bedroom
$1,275
44 Hospital Street
Upper South Providence
Providence, RI
Updated July 17 at 10:25am UTC
1 Bedroom
$1,500
1281 Douglas Avenue
Providence
Providence, RI
Updated June 14 at 12:24am UTC
1 Bedroom
$1,050
49 Ivy Street
Watchemocket
East Providence, RI
Updated August 11 at 7:04am UTC
1 Bedroom
$750
21 Whitehall St
Silver Lake
Providence, RI
Updated August 16 at 5:11pm UTC
1 Bedroom
$750
112 Spruce St
Federal Hill
Providence, RI
Updated August 16 at 1:21am UTC
1 Bedroom
$1,200
4 Claremont Ave
Mount Pleasant
Providence, RI
Updated August 15 at 5:15pm UTC
1 Bedroom
$925
1732 Broad Street
Edgewood
Providence, RI
Updated August 12 at 10:20pm UTC
1 Bedroom
$975
20 Eagle St
Valley
Providence, RI
Updated August 10 at 9:41am UTC
1 Bedroom
$1,315
8 Holden St
Smith Hill
Providence, RI
Updated August 10 at 9:41am UTC
1 Bedroom
$1,825
251 Westminster St
Downtown Providence
Providence, RI
Updated August 10 at 9:41am UTC
1 Bedroom
$1,910
Results within 1 miles of Providence, RI
115 Dorrance St
Downtown Providence
Providence, RI
Updated August 10 at 9:41am UTC
1 Bedroom
$1,600
79 Irving Ave
Wayland
Providence, RI
Updated August 7 at 9:21am UTC
1 Bedroom
$1,800
Results within 5 miles of Providence, RI
27 Camden Ave
Smith Hill
Providence, RI
Updated July 26 at 5:19pm UTC
1 Bedroom
$825
1410 Warwick Ave
Palace Garden
Warwick, RI
Updated August 16 at 5:16pm UTC
1 Bedroom
$775

August 2018 Providence Rent Report

Welcome to the August 2018 Providence Rent Report. Providence rents increased over the past month. In this report, we'll evaluate trends in the Providence rental market, including comparisons to similar cities nationwide.

View full Providence Rent Report
Rent Report
Providence

August 2018 Providence Rent Report

Welcome to the August 2018 Providence Rent Report. Providence rents increased over the past month. In this report, we'll evaluate trends in the Providence rental market, including comparisons to similar cities nationwide.

Providence rents increase sharply over the past month

Providence rents have increased 1.5% over the past month, but have decreased significantly by 2.9% in comparison to the same time last year. Currently, median rents in Providence stand at $1,010 for a one-bedroom apartment and $1,220 for a two-bedroom. Providence's year-over-year rent growth lags the state average of -1.9%, as well as the national average of 1.2%.

Providence rents more affordable than many large cities nationwide

As rents have fallen significantly in Providence, many large cities nationwide have seen prices increase, in some cases substantially. Providence is also more affordable than most large cities across the country.

  • Providence's median two-bedroom rent of $1,220 is slightly above the national average of $1,180. Nationwide, rents have grown by 1.2% over the past year compared to the 2.9% decline in Providence.
  • While rents in Providence fell significantly over the past year, many cities nationwide saw increases, including Phoenix (+2.4%), Atlanta (+1.8%), and San Francisco (+1.1%).
  • Renters will find more reasonable prices in Providence than most large cities. For example, San Francisco has a median 2BR rent of $3,090, which is more than two-and-a-half times the price in Providence.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.