Rental Markets in Rhode Island
DoorBase tracks rental market data across Rhode Island by ZIP code. This state page is a crawlable index for investors comparing rents, cap-rate estimates, vacancy, demographics, home values, renter share, household income, and employment conditions before drilling into individual ZIP pages.
Rhode Island Rental Market Overview
The current sample of indexable Rhode Island ZIP markets shows average median rent of $2,028, average median home value of $582,773, average cap-rate high of 3.5%, average vacancy of 10.6%, renter ratio near 30.9%, and median household income around $97,145. These statewide figures are directional and should be used to compare markets before reviewing a specific ZIP code.
Rhode Island is not one rental market. Large cities, inner suburbs, commuter towns, college markets, rural counties, resort areas, and industrial corridors can produce very different rent levels and ownership economics. DoorBase keeps the canonical content at the ZIP level so investors can move from a broad state view into the most precise local data available.
Featured Rhode Island ZIP Markets
| ZIP | City | Rent | Cap Rate | Vacancy | Population |
|---|
| 02860 |
Pawtucket |
$1,832 |
2.5-4.1% |
7.8% |
47,372 |
| 02909 |
Providence |
$2,017 |
2.9-4.5% |
15.6% |
44,445 |
| 02895 |
Woonsocket |
$1,616 |
2.2-3.8% |
10.1% |
43,081 |
| 02908 |
Providence |
$2,177 |
2.9-4.5% |
14.4% |
39,661 |
| 02864 |
Cumberland |
$2,300 |
2.4-4% |
4.3% |
36,383 |
| 02920 |
Cranston |
$2,131 |
2.6-4.2% |
2.6% |
36,332 |
| 02816 |
Coventry |
$1,909 |
2.2-3.8% |
5.8% |
33,246 |
| 02904 |
Providence |
$1,873 |
2.5-4.1% |
5.9% |
32,462 |
| 02907 |
Providence |
$1,831 |
2.5-4.1% |
6.3% |
31,427 |
| 02893 |
West Warwick |
$1,872 |
2.5-4.1% |
5% |
31,025 |
| 02886 |
Warwick |
$2,151 |
2.8-4.4% |
4% |
30,925 |
| 02919 |
Johnston |
$2,140 |
2.6-4.2% |
5.8% |
29,473 |
| 02861 |
Pawtucket |
$1,989 |
2.7-4.3% |
5.6% |
27,928 |
| 02889 |
Warwick |
$2,125 |
2.9-4.5% |
4.2% |
27,533 |
| 02906 |
Providence |
$2,509 |
1.4-3% |
7.7% |
26,327 |
| 02905 |
Providence |
$2,050 |
2.7-4.3% |
5.8% |
24,780 |
| 02840 |
Newport |
$3,073 |
1.5-3.1% |
21.1% |
23,615 |
| 02910 |
Cranston |
$1,869 |
2.5-4.1% |
4.3% |
23,406 |
| 02852 |
North Kingstown |
$2,358 |
1.9-3.5% |
6.8% |
23,269 |
| 02879 |
Wakefield |
$2,593 |
1.7-3.3% |
20.6% |
22,628 |
| 02863 |
Central Falls |
$1,606 |
2.2-3.8% |
10.2% |
22,481 |
| 02809 |
Bristol |
$2,640 |
2.3-3.9% |
12.3% |
22,317 |
| 02891 |
Westerly |
$2,097 |
1.6-3.2% |
21% |
21,698 |
| 02914 |
East Providence |
$2,077 |
2.7-4.3% |
8.6% |
21,397 |
| 02818 |
East Greenwich |
$2,600 |
1.8-3.4% |
5.1% |
19,869 |
| 02888 |
Warwick |
$1,800 |
2.3-3.9% |
4.1% |
18,951 |
| 02865 |
Lincoln |
$2,750 |
2.7-4.3% |
2.5% |
18,033 |
| 02871 |
Portsmouth |
$2,934 |
2.2-3.8% |
10.3% |
17,635 |
| 02806 |
Barrington |
$3,052 |
1.9-3.5% |
5.7% |
17,113 |
| 02842 |
Middletown |
$3,393 |
2.4-4% |
12.3% |
16,920 |
| 02915 |
Riverside |
$2,114 |
2.6-4.2% |
5% |
16,848 |
| 02878 |
Tiverton |
$2,231 |
2.1-3.7% |
11.5% |
16,260 |
| 02917 |
Smithfield |
$1,825 |
1.7-3.3% |
4.6% |
15,068 |
| 02911 |
North Providence |
$1,766 |
2.2-3.8% |
4.1% |
14,963 |
| 02882 |
Narragansett |
$2,769 |
1.5-3.1% |
37.6% |
12,984 |
| 02921 |
Cranston |
$2,618 |
2.1-3.7% |
1.3% |
12,673 |
| 02903 |
Providence |
$2,395 |
3.1-4.7% |
14.3% |
12,309 |
| 02896 |
North Smithfield |
$1,282 |
1-2.6% |
4.9% |
11,683 |
| 02885 |
Warren |
$2,341 |
2.3-3.9% |
10.5% |
11,138 |
| 02916 |
Rumford |
$2,113 |
2.2-3.8% |
3.9% |
8,725 |
| 02857 |
North Scituate |
$1,463 |
1.1-2.7% |
4.7% |
8,095 |
| 02813 |
Charlestown |
$2,500 |
1.7-3.3% |
34.7% |
8,017 |
| 02814 |
Chepachet |
$1,046 |
0.7-2.3% |
11.4% |
7,421 |
| 02881 |
Kingston |
$1,368 |
0.6-2.2% |
15.1% |
7,183 |
| 02828 |
Greenville |
$999 |
0.6-2.2% |
2.7% |
7,058 |
| 02830 |
Harrisville |
$981 |
0.6-2.2% |
4.7% |
6,936 |
| 02859 |
Pascoag |
$1,223 |
1.1-2.7% |
7.8% |
6,803 |
| 02874 |
Saunderstown |
$1,939 |
0.8-2.4% |
11% |
6,715 |
| 02817 |
West Greenwich |
$3,103 |
3.1-4.7% |
4.3% |
6,598 |
| 02822 |
Exeter |
$1,128 |
0.5-2.1% |
3.5% |
6,139 |
| 02825 |
Foster |
$1,525 |
1.2-2.8% |
3.7% |
5,861 |
| 02892 |
West Kingston |
$1,961 |
1.5-3.1% |
9% |
5,704 |
| 02835 |
Jamestown |
$3,500 |
1.3-2.9% |
19.3% |
5,545 |
| 02832 |
Hope Valley |
$1,114 |
0.8-2.4% |
6.7% |
4,950 |
| 02838 |
Manville |
$1,995 |
2.4-4% |
6.1% |
4,007 |
| 02831 |
Hope |
$1,723 |
1.3-2.9% |
3.8% |
3,665 |
| 02837 |
Little Compton |
$2,523 |
1-2.6% |
36.2% |
3,601 |
| 02804 |
Ashaway |
$1,318 |
1.2-2.8% |
14.2% |
2,661 |
| 02808 |
Bradford |
$1,182 |
1.1-2.7% |
11.1% |
2,561 |
| 02827 |
Greene |
$2,677 |
2.7-4.3% |
1.2% |
2,441 |
Notable ZIP Markets in This Sample
The highest estimated cap-rate band in this sample tops out at 4.7% in ZIP 02903 (Providence).
The lowest vacancy in this sample is 1.2% in ZIP 02827 (Greene).
The highest median rent in this sample is $3,500 in ZIP 02835 (Jamestown).
The highest median household income in this sample is $155,099 in ZIP 02874 (Saunderstown).
Rental Markets by City
Providence
Providence has 7 ZIP codes in this sample. Median rents range from $1,831 to $2,509. Estimated cap-rate bands reach up to 4.7% at the high end. Vacancy averages 10.0%. See ZIP 02909 for the full market profile.
Warwick
Warwick has 3 ZIP codes in this sample. Median rents range from $1,800 to $2,151. Estimated cap-rate bands reach up to 4.5% at the high end. Vacancy averages 4.1%. See ZIP 02886 for the full market profile.
Cranston
Cranston has 3 ZIP codes in this sample. Median rents range from $1,869 to $2,618. Estimated cap-rate bands reach up to 4.2% at the high end. Vacancy averages 2.7%. See ZIP 02920 for the full market profile.
Pawtucket
Pawtucket has 2 ZIP codes in this sample. Median rents range from $1,832 to $1,989. Estimated cap-rate bands reach up to 4.3% at the high end. Vacancy averages 6.7%. See ZIP 02860 for the full market profile.
Woonsocket
Woonsocket has 1 ZIP code in this sample. Sample median rent is $1,616. Estimated cap-rate bands reach up to 3.8% at the high end. Vacancy averages 10.1%. See ZIP 02895 for the full market profile.
Cumberland
Cumberland has 1 ZIP code in this sample. Sample median rent is $2,300. Estimated cap-rate bands reach up to 4.0% at the high end. Vacancy averages 4.3%. See ZIP 02864 for the full market profile.
Coventry
Coventry has 1 ZIP code in this sample. Sample median rent is $1,909. Estimated cap-rate bands reach up to 3.8% at the high end. Vacancy averages 5.8%. See ZIP 02816 for the full market profile.
West Warwick
West Warwick has 1 ZIP code in this sample. Sample median rent is $1,872. Estimated cap-rate bands reach up to 4.1% at the high end. Vacancy averages 5.0%. See ZIP 02893 for the full market profile.
Johnston
Johnston has 1 ZIP code in this sample. Sample median rent is $2,140. Estimated cap-rate bands reach up to 4.2% at the high end. Vacancy averages 5.8%. See ZIP 02919 for the full market profile.
Newport
Newport has 1 ZIP code in this sample. Sample median rent is $3,073. Estimated cap-rate bands reach up to 3.1% at the high end. Vacancy averages 21.1%. See ZIP 02840 for the full market profile.
North Kingstown
North Kingstown has 1 ZIP code in this sample. Sample median rent is $2,358. Estimated cap-rate bands reach up to 3.5% at the high end. Vacancy averages 6.8%. See ZIP 02852 for the full market profile.
Wakefield
Wakefield has 1 ZIP code in this sample. Sample median rent is $2,593. Estimated cap-rate bands reach up to 3.3% at the high end. Vacancy averages 20.6%. See ZIP 02879 for the full market profile.
How to Use the Rhode Island Directory
Start with the state page to understand the range of rental markets, then open individual ZIP pages for the numbers that matter most to underwriting. A state average can hide important local differences. One ZIP may have stronger rent growth and lower vacancy while a nearby ZIP has better purchase prices but weaker renter demand.
The most useful investor workflow is to compare rent, cap rate, vacancy, home value, renter ratio, household income, population growth, unemployment, and job growth together. No single number is enough. A high cap-rate estimate can be offset by weak income, high vacancy, or limited tenant demand. A lower cap-rate estimate can still make sense if the market has strong income, job growth, and durable renter demand.
State Coverage and Internal Links
This page links into the canonical ZIP URL structure, such as /rentals/ri/30318, without bringing back city parent pages. That structure keeps DoorBase clean for search engines: state pages organize the directory, ZIP pages hold the canonical data, and future market guides can exist separately as heavier editorial SEO hubs.
DoorBase currently tracks 64 sampled ZIP markets across 53 Rhode Island cities in this crawlable state summary. The live React page may show a broader interactive directory after JavaScript loads, while this fallback body ensures crawlers receive meaningful text and links immediately.
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