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City Report · RI

Narragansett

·5th most expensive in Rhode Island·Narragansett rents have dropped 5.2%, currently a renter's market
Median rent (all units)
$2,748/mo
Year-over-Year
-5.2%
Month-over-Month
+3.6%
vs US Median
+$786
Rising (Monthly)
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Most AffordableMost Expensive
Narragansett · $2,748
More expensive than 86% of US cities · National median $1,962/mo
Affordability
46% of income
STRETCHED
0%30% benchmark60%+

At $2,748/mo, rent takes about 46% of the US median household income, well above the 30% benchmark.

Income to afford
$110,000/yr
US median income
$72,000/yr
Based on the 30%-of-income rule using Narragansett's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,620
1 BR
$1,730
2 BR
$2,120
3 BR
$2,550
4 BR+
$3,100
Fair Market Rent (HUD)
$2,120/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,748 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
$32,976/yr
At $2,748/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (5.2% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (-5.2% YoY, +3.6% MoM), not inventory.
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View Narragansett rent history (2015–2026) →
Salary vs rent

Can you afford rent in Narragansett on your salary?

At $2,748/mo, how Narragansett rent compares to typical pay (30% rule).

By apartment size

Narragansett rent by bedroom count

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

Local insights

Tips for renters in Narragansett

About renting in Narragansett, RI

Last updated: August 17, 2026

The median rent in Narragansett is $2,748/mo as of August 2026. A studio apartment averages $1,620/mo while a 2-bedroom runs $2,120/mo. One-bedroom apartments average $1,730/mo and 3-bedroom units go for $2,550/mo.

At 46% of estimated US median household income ($72,000/yr), Narragansett ranks as moderate compared to the national benchmark of 30%. Rents have decreased 5.2% over the past year.

FAQ

Frequently asked questions

Is Narragansett an affordable city for renters?

Narragansett is considered stretched for renters. At $2,748/mo, rent takes approximately 46% of the US median household income ($72,000/yr). The standard benchmark is 30%. Narragansett significantly exceeds that threshold, making it challenging for many renters.

How much income do you need to rent in Narragansett?

To keep rent at or below 30% of gross income, you would need to earn at least $110,000/year (~$53/hour full-time) to afford the median rent of $2,748/mo in Narragansett.

Is rent going up or down in Narragansett?

Rent in Narragansett has decreased 5.2% over the past year as of August 2026, offering some relief compared to 12 months ago.

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

Narragansett is one of the pricier cities in Rhode Island for rent, ranking #5 out of 24 tracked cities at $2,748/mo.

Which nearby cities are cheaper to rent in than Narragansett?

Several nearby cities have lower median rents than Narragansett ($2,748/mo): North Kingstown ($2,465/mo), South Kingstown ($2,559/mo).

How does Narragansett rent compare to the national average?

Narragansett's median rent of $2,748/mo is $786 (40%) above the US national median of $1,962/mo. Within Rhode Island, it ranks #5 out of 24 tracked cities.
Income Affordability
46%
STRETCHED

At $2,748/mo, rent takes ~46% of US median household income ($72,000/yr). The standard benchmark is 30%.

Narragansett 46%Benchmark 30%
State income tax3.75–5.99%
Run the Narragansett affordability calculator →
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Neighborhoods

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Public schools near Narragansett, RI

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