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City Report · RI

Narragansett

·8th most expensive in Rhode Island·Narragansett rents have dropped 11.0%, currently a renter's market
Median rent (all units)
$2,653/mo
Year-over-Year
-11.0%
Month-over-Month
-12.5%
vs US Median
+$688
Falling (Monthly)
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Most AffordableMost Expensive
Narragansett · $2,653
More expensive than 83% of US cities · National median $1,965/mo
Affordability
44% of income
STRETCHED
0%30% benchmark60%+

At $2,653/mo, rent takes about 44% of the US median household income, well above the 30% benchmark.

Income to afford
$106,000/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
Research median
$2,120/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$31,836/yr
At $2,653/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 11.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-11.0% YoY, -12.5% MoM), not inventory.
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Community

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View Narragansett rent history (2015–2026) →
Salary vs rent

Can you afford rent in Narragansett on your salary?

At $2,653/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: July 20, 2026

The median rent in Narragansett is $2,653/mo as of July 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 44% of estimated US median household income ($72,000/yr), Narragansett ranks as moderate compared to the national benchmark of 30%. Rents have decreased 11.0% over the past year.

FAQ

Frequently asked questions

Is Narragansett an affordable city for renters?

Narragansett is considered stretched for renters. At $2,653/mo, rent takes approximately 44% 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 $106,000/year (~$51/hour full-time) to afford the median rent of $2,653/mo in Narragansett.

Is rent going up or down in Narragansett?

Rent in Narragansett has decreased 11.0% over the past year as of July 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 #8 out of 24 tracked cities at $2,653/mo.

How does Narragansett rent compare to the national average?

Narragansett's median rent of $2,653/mo is $688 (35%) above the US national median of $1,965/mo. Within Rhode Island, it ranks #8 out of 24 tracked cities.
Income Affordability
44%
STRETCHED

At $2,653/mo, rent takes ~44% of US median household income ($72,000/yr). The standard benchmark is 30%.

Narragansett 44%Benchmark 30%
State income tax3.75–5.99%
Run the Narragansett affordability calculator →
Lowest-rent ZIP codes in Narragansett
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Narragansett, RI

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