Rhode Island (39) has the
7th highest rent in the country out of 56 states and territories. The Fair Market Rent in Rhode Island
ranges from
$1,610 for a 2-bedroom apartment in
Westerly-Hopkinton-New Shoreham, RI HUD Metro FMR Area
to $2,270 for a 2-bedroom unit in
Newport-Middleton-Portsmouth, RI HUD Metro FMR Area.
For FY 2024, the Newport-Middleton-Portsmouth, RI HUD Metro FMR Area (Newport County) rent for a studio or efficiency is $1,716 per month and $3,593 per month to rent a house or an apartment with 4 bedrooms.
The average Fair Market Rent for a 2-bedroom home in Rhode Island is $1,858 per month.
Approximately 15% of Americans qualify for some level of housing assistance. The population in
Rhode Island is around 40,191 people. So, there are around 6,029 people in Rhode Island who could be receiving housing benefits from the HUD.
Click on your region in the list below or on the map to see a more detailed break down of rental prices.
What is Fair Market Rent?
Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Rhode Island.
Fair Market Rent is the 40th-percentile of typical rentals in a given region.
Learn more
Rhode Island Fair Market Rent for 2024