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RentData.org Logo Rhode Island Fair Market Rent for 2024 Accurate Rental Price Data

Average Fair Market Rent Prices in Rhode Island:
$1,446 $1,489 $1,858 $2,368 $2,954
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR

Rhode Island (39) has the 13th highest rent in the country out of 112 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 Map

Click on a region to view more detailed rent data.

Lookup FMR by Zip Code FHA Loan Limits in Rhode Island
Change Year:
County 0 BR 1 BR 2 BR 3 BR 4 BR Est. Population
Providence-Fall River, RI-MA HUD Metro FMR Area Metro $1,289 $1,398 $1,693 $2,047 $2,536 16,099
Newport-Middleton-Portsmouth, RI HUD Metro FMR Area Metro $1,716 $1,728 $2,270 $2,999 $3,593 15,982
Westerly-Hopkinton-New Shoreham, RI HUD Metro FMR Area Metro $1,332 $1,340 $1,610 $2,059 $2,732 8,110
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