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City Report · RI

Warwick

Pop. 83,175·11th most expensive in Rhode Island·Rental market data updated monthly for Warwick, RI
Median rent (all units)
$2,220/mo
Year-over-Year
-4.6%
Month-over-Month
+2.7%
vs US Median
+$255
Rising (Monthly)
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Most AffordableMost Expensive
Warwick · $2,220
More expensive than 70% of US cities · National median $1,965/mo
Rent Reality Score
59/100
Fairly priced
OverheatedFairGreat value

Rents are 5% below what Warwick's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$2,220/mo
Expected by trend
$2,330/mo
The Rent Reality Score compares today's median rent to where Warwick's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,380
1 BR
$1,475
2 BR
$1,810
3 BR
$2,180
4 BR+
$2,645
Research median
$1,810/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
$26,640/yr
At $2,220/mo median
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (-4.6% YoY, +2.7% MoM), not inventory.
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Demographics

Who lives here

Warwick, RI is majority owner-occupied, has a large retiree population, 33.7% of residents hold a bachelor's degree or higher.

Population
83,175
Median income
$88,708
Median age
44.3
Renters
26.7%
Age distribution
17.6%
20.6%
24.8%
15.4%
21.6%
Under 1817.6%
18–3420.6%
35–5424.8%
55–6415.4%
65+21.6%
Gender
48.2%
51.8%
Male48.2%
Female51.8%
Race & ethnicity
83.6%
White83.6%
Black2.9%
Hispanic6.9%
Asian3.5%
Other3.2%
Education (25+)
27.3%
32.2%
33.7%
No HS diploma6.9%
HS diploma27.3%
Some college32.2%
Bachelor's+33.7%
Housing tenure
73.3%
26.7%
Owner73.3%
Renter26.7%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2022 vs 2026

How Warwick, RI has changed in 5 years

Rent
$1,678 → $2,220
up 32.3%
Income
$77,110 → $88,708
up 15.0%
Population
82,666 → 83,175
up 0.6%
Renter share
28.2% → 26.7%
-1.5 pts
Bachelor's+
33.2% → 33.7%
+0.5 pts

Rent in Warwick, RI has climbed 32.3% since 2022, going from about $1,678 per month to roughly $2,220 today. Census figures show median household income at $88,708 today, compared with $77,110 five years earlier. Rent outpaced income growth by roughly 17.3 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. About 26.7% of households rent today, against 28.2% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2022.

Community

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

Can you afford rent in Warwick on your salary?

At $2,220/mo, how Warwick rent compares to typical pay (30% rule).

By apartment size

Warwick rent by bedroom count

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

Local insights

Tips for renters in Warwick

About renting in Warwick, RI

Last updated: July 20, 2026

The median rent in Warwick is $2,220/mo as of July 2026. A studio apartment averages $1,380/mo while a 2-bedroom runs $1,810/mo. One-bedroom apartments average $1,475/mo and 3-bedroom units go for $2,180/mo.

At 30% of local median household income ($88,708/yr), Warwick ranks as moderate compared to the national benchmark of 30%. Rents have decreased 4.6% over the past year.

FAQ

Frequently asked questions

Is Warwick an affordable city for renters?

Warwick is considered moderate for renters. At $2,220/mo, rent takes approximately 30% of the local median household income ($88,708/yr). The standard benchmark is 30%. Warwick slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Warwick?

To keep rent at or below 30% of gross income, you would need to earn at least $89,000/year (~$43/hour full-time) to afford the median rent of $2,220/mo in Warwick. The local median household income is $88,708/yr, meaning the typical Warwick household falls short of that threshold.

Is rent going up or down in Warwick?

Rent in Warwick has decreased 4.6% over the past year as of July 2026, offering some relief compared to 12 months ago.

Which Warwick neighborhoods have the lowest rent?

The most affordable ZIP codes in Warwick are 02889 ($2,150/mo), and 02886 ($2,259/mo). Citywide, the median rent in Warwick is $2,220/mo.

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

Warwick is middle-of-the-pack for Rhode Island for rent, ranking #11 out of 24 tracked cities at $2,220/mo.

Which nearby cities are cheaper to rent in than Warwick?

Several nearby cities have lower median rents than Warwick ($2,220/mo): West Warwick ($1,873/mo), East Providence ($1,908/mo), Cranston ($2,009/mo).

What percentage of Warwick residents rent vs. own?

According to Census data, approximately 26.7% of Warwick households are renters, while 73.3% are owner-occupied. Warwick leans toward homeownership, which can mean a smaller rental inventory.

How does Warwick rent compare to the national average?

Warwick's median rent of $2,220/mo is $255 (13%) above the US national median of $1,965/mo. Within Rhode Island, it ranks #11 out of 24 tracked cities.
Income Affordability
30%
MODERATE

At $2,220/mo, rent takes ~30% of Warwick's median household income ($88,708/yr). The standard benchmark is 30%.

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

Estimated from ZIP-level data

Schools nearby

Public schools near Warwick, RI

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