Cheapest Cities to Rent in Rhode Island (2026)
The cheapest rent in Rhode Island is in Providence, RI, where a 2-bedroom averages $1,729/mo and a 1-bedroom $1,402/mo (2026 HUD Fair Market Rent) — $0/mo below the Rhode Island average 2BR of $1,729. The table below ranks all 1 of the cheapest cities to rent in Rhode Island.
Top 1 Cheapest Cities in Rhode Island
Ranked by 2-bedroom rent price (lowest first)
| Rank | City | Studio | 1 Bed | 2 Bed | 3 Bed | Income Needed |
|---|---|---|---|---|---|---|
#1 | Providence, RI | $1,318 | $1,402 | $1,729 | $2,087 | $69,160/yr |
Why These Rhode Island Cities Are Affordable
Rhode Island is moderately expensive but offers value compared to Boston or coastal Connecticut. Providence provides urban amenities at prices below neighboring metros.
- Below-average housing costs: These cities have housing indices lower than the state average of 120
- Lower demand: Smaller populations and less competitive markets keep prices reasonable
- Diverse housing stock: Mix of older and newer buildings provides options at various price points
- Regional economies: Local job markets support working populations without coastal-city premiums
Income Requirements
Using the standard 30% of income guideline, here's what you need to earn to afford rent in Rhode Island's cheapest cities:
How Rhode Island's Cheapest Cities Compare
What to Consider Before Moving
Best For
- ✓Boston commuters
- ✓Students
- ✓Arts enthusiasts
- ✓Beach lovers
Considerations
- •Small state with limited options
- •Cold winters
- •High property taxes
Cheapest Rent in Rhode Island: FAQ
Where is the cheapest rent in Rhode Island?
The cheapest rent in Rhode Island is in Providence, RI, where a 2-bedroom averages $1,729/month and a 1-bedroom $1,402/month in 2026 (HUD Fair Market Rent).
How much can I save renting in Rhode Island's cheapest cities?
By choosing Rhode Island's cheapest city over the state average 2BR of $1,729, you could save $0/month or $0/year on rent.
Is rent in Rhode Island's cheapest city below the US average?
No. A 2-bedroom in Providence costs $1,729/month, which is $156/month above the US median 2BR Fair Market Rent of $1,573 (HUD, 2026).
What income do I need to rent in Rhode Island's cheapest cities?
To afford the cheapest 2BR in Rhode Island at $1,729/month, you need approximately $69,160/year based on the 30% of income guideline.