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City Report · RI

Coventry

·4th most expensive in Rhode Island·Coventry rents are up 12.8% over the past year
Median rent (all units)
$2,795/mo
Year-over-Year
+12.8%
Month-over-Month
+0.6%
vs US Median
+$833
Rising (Monthly)
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Most AffordableMost Expensive
Coventry · $2,795
More expensive than 87% of US cities · National median $1,962/mo
Affordability
47% of income
STRETCHED
0%30% benchmark60%+

At $2,795/mo, rent takes about 47% of the US median household income, well above the 30% benchmark.

Income to afford
$112,000/yr
US median income
$72,000/yr
Based on the 30%-of-income rule using Coventry's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,270
1 BR
$1,360
2 BR
$1,660
3 BR
$2,000
4 BR+
$2,430
Fair Market Rent (HUD)
$1,660/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,795 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$33,540/yr
At $2,795/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 12.8% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+12.8% YoY, +0.6% MoM), not inventory.
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View Coventry rent history (2015–2026) →
Salary vs rent

Can you afford rent in Coventry on your salary?

At $2,795/mo, how Coventry rent compares to typical pay (30% rule).

By apartment size

Coventry rent by bedroom count

Median rent for each apartment size in Coventry. Click any size for full breakdown.

Local insights

Tips for renters in Coventry

About renting in Coventry, RI

Last updated: August 17, 2026

The median rent in Coventry is $2,795/mo as of August 2026. A studio apartment averages $1,270/mo while a 2-bedroom runs $1,660/mo. One-bedroom apartments average $1,360/mo and 3-bedroom units go for $2,000/mo.

At 47% of estimated US median household income ($72,000/yr), Coventry ranks as moderate compared to the national benchmark of 30%. Rents have increased 12.8% over the past year.

FAQ

Frequently asked questions

Is Coventry an affordable city for renters?

Coventry is considered stretched for renters. At $2,795/mo, rent takes approximately 47% of the US median household income ($72,000/yr). The standard benchmark is 30%. Coventry significantly exceeds that threshold, making it challenging for many renters.

How much income do you need to rent in Coventry?

To keep rent at or below 30% of gross income, you would need to earn at least $112,000/year (~$54/hour full-time) to afford the median rent of $2,795/mo in Coventry.

Is rent going up or down in Coventry?

Rent in Coventry has increased 12.8% over the past year as of August 2026, putting upward pressure on renter budgets.

How does Coventry rent compare to other cities in Rhode Island?

Coventry is one of the pricier cities in Rhode Island for rent, ranking #4 out of 24 tracked cities at $2,795/mo.

Which nearby cities are cheaper to rent in than Coventry?

Several nearby cities have lower median rents than Coventry ($2,795/mo): West Warwick ($1,824/mo), Johnston ($1,910/mo), Cranston ($2,102/mo).

How does Coventry rent compare to the national average?

Coventry's median rent of $2,795/mo is $833 (42%) above the US national median of $1,962/mo. Within Rhode Island, it ranks #4 out of 24 tracked cities.
Income Affordability
47%
STRETCHED

At $2,795/mo, rent takes ~47% of US median household income ($72,000/yr). The standard benchmark is 30%.

Coventry 47%Benchmark 30%
State income tax3.75–5.99%
Run the Coventry affordability calculator →
Lowest-rent ZIP codes in Coventry
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Neighborhoods

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Public schools near Coventry, RI

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