Rhode Island (RI) has the
8th highest rent in the country out of 56 states and territories. The Fair Market Rent in Rhode Island
$1,409 for a 2-bedroom apartment in
Providence-Fall River, RI-MA HUD Metro FMR Area
to $1,976 for a 2-bedroom unit in
Newport-Middleton-Portsmouth, RI HUD Metro FMR Area.
For FY 2023, the Newport-Middleton-Portsmouth, RI HUD Metro FMR Area (Newport County) rent for a studio or efficiency is $1,495 per month and $3,271 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 $1,453 per month.
Approximately 15% of Americans qualify for some level of housing assistance. The population in
Rhode Island is around 1,057,798 people. So, there are around 158,670 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.