Apartments in Smith Hill Providence

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12
$2,000
101 S Angell St Providence, RI
2 BR | Available Now
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11
$1,895
Pawtucket, RI
2 BR | Ask for Availability
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Air Conditioning
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1
$1,795
49 Hillside Ave Providence, RI
2 BR | Available Now
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Hope
7
$1,600
Providence, RI
2 BR | Jan. 31, 2025
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20
$1,500
Providence, RI
2 BR | Jan. 1, 2025
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5
$1,099
Providence, RI
1 BR | Available Now
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13
$1,750
Providence, RI
2 BR | Available Now
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1
$2,995
51 Bellevue Ave North Providence, RI
4 BR | Jan. 1, 2025
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1
$2,495
Providence, RI
5 BR | Jan. 10, 2025
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Hartford
1
$1,495
Providence, RI
2 BR | Available Now
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Providence:
December Rent Report

Welcome to the December 2024 Providence Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 2024 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

$2,250
$1,690
$1,130
$560
$0
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
Dec. 2024
1 BR       2 BR

Providence Rent Prices Decrease From November to December

Providence rent prices decreased over the last month. From November to December, the city experienced a -1.56% decrease for the price of a one-bedroom apartment. The rent price for a Providence one-bedroom apartments currently stands at $1,699.0.

When we take a look at the two-bedroom comparison from November to December, Providence experienced a -0.05% decrease for the price of a two-bedroom apartment. The rent price for a Providence two-bedroom apartments currently stands at $2,149.0.

December Prices: Providence vs. Surrounding Areas

Foxboro, MA
Millville, MA
Cranston, RI
Taunton, MA
Providence, RI
Fall River, MA
$2,484
$2,000
$1,835
$1,810
$1,726
$1,665
$0
$850
$1,700
$2,550
$3,400
Median 1 BR Rent

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 2 of the Providence suburbs increased last month. On the other hand, 3 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Fall River, MA, Foxboro, MA .

  • Rent decreased in Taunton, MA, Cranston, RI, Millville, MA.

  • 4 suburbs are currently priced higher than the city of Providence.

  • 1 suburb is currently priced lower than the city of Providence.

December 2024 Pricing Trends: Providence vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Providence, RI
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,134
$3,160
$2,389
$2,353
$1,914
$1,726
$1,318
$1,255
$1,234
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

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 December 1 BR M/M % Change 2 BR December 2 BR M/M % Change
Providence, RI $1,726.0 -0.52% $2,150.0 -0.28%
Fall River, MA $1,665.0 1.40% $1,906.0 3.98%
Taunton, MA $1,810.0 0.00% $1,675.0 -0.30%
Cranston, RI $1,835.0 -13.69% $2,235.0 2.85%
Millville, MA $2,000.0 -0.20% $2,309.0 -1.37%
Foxboro, MA $2,484.0 0.61% $3,013.0 0.70%

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.