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Property Managers in Providence, RI

Compare top property management companies in Providence, RI. Review services and vetting status, then reach out or request a free quote.

Divine Investments Inc.
Rani Vails
Providence, RI
Unverified
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Welcome Realty
Anthony Gemma
Providence, RI
Unverified
›

Rental market in Providence: rising rents

In Providence, Census median gross rent rose about 35.7% over the last five years, rents on a clear upward path. The same data shows renters in 43.1% of homes, three-bedroom rents about 5% below the U.S. average, and a population of 664,854, up 4.6% over five years. The typical home is valued near $373,600, and the median household earns about $78,787 a year, with renters spending a median 28.9% of income on rent.

Market at a glance

Rents & affordability

+2% 2-bed vs U.S. rent
-5% 3-bed vs U.S. rent
-1% 4-bed vs U.S. rent
+35.7% Rent trend, 5-yr
28.9% Rent-to-income

People & households

43.1% Renter-occupied
664,854 Population
+4.6% Population, 5-yr
$78,787 Median household income

Housing stock

6.7% Vacancy rate
$373,600 Median home value
1956 Median year built
49.4% Single-family homes

Jobs

3.8% Unemployment rate
Rent vs the U.S. average, by bedroom size
U.S. average 2-bed +2% 3-bed -5% 4-bed -1%
Who rents vs owns
Renters 43.1% Owners 56.9%

Professional property management in Providence typically covers pricing, listings, tenant screening, rent collection, and repairs. About 49.4% of local housing is single-family, a common focus for rental owners. With vacancy near 6.7%, rent positioning and days on market can shape your return. Area unemployment is 3.8% as of August 2026. Review the managers listed and reach out for a quote.

Pricing shown is long-term residential, not short-term or vacation. Non-residential and commercial rents follow the same local direction as a rule, so the residential deviations above give you a fair read.

Frequently asked questions

Are rents rising in Providence?

Over the last five years, Census median gross rent rose roughly 35.7%.

How do rents in Providence compare to the national average?

Compared with the U.S. average: two-bedroom +2%, three-bedroom -5%, four-bedroom -1%. Each figure compares a bedroom size to the typical U.S. rent, not a rent we set.

Is Providence a good market for rental property?

Rents here have risen in recent years, which can favor owners who buy at the right price. Renters make up 43.1% of households and vacancy sits near 6.7%. Three-bedroom rents run about 5% below the national average, and rents rose about 35.7% over five years.

How strong is rental demand in Providence?

Roughly 43.1% of the housing is renter-occupied, and the population of 664,854 grew 4.6% over five years. Vacancy runs near 6.7%.

Rent shown as a deviation from the typical U.S. rent, a national average weighted by renter population, from HERO and HUD reference data. Demographics, population, and rent trend from the U.S. Census Bureau ACS 2020-2024 5-year estimates at the county level, with the five-year trend measured against the 2015-2019 estimates. Unemployment from the U.S. Bureau of Labor Statistics (August 2026).