Rents are right about where Warwick's 10-year trend predicts.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,235 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 →
12-month history
Last updated: October 17, 2026
What the numbers show
February. Asking rents in Warwick usually run 1.8% below trend in February and 2.2% above it in July, about $89 a month apart at today's median. Based on 5 years of data.
Rent in Warwick is at its highest level since Zillow's records here began in May 2021.
Rent in Warwick changed +6.7% over the year to September 2026. Across the 19 Rhode Island cities Zillow tracks, the typical change was +4.9%.
Rent rose in 8 of the last 12 months.
30% of the median household income ($88,708) is $2,218 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,180); a 4-bedroom is $2,645.
West Warwick, 6 miles away, rents for 15% less ($1,909/mo), about $3,900 a year in savings.
From Zillow's monthly rent index (ZORI) for Warwick. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Warwick, RI has changed in 5 years
Rent in Warwick, RI has climbed 27.9% since 2022, going from about $1,748 per month to roughly $2,235 today. Census figures show median household income at $88,708 today, compared with $77,110 five years earlier. Rent outpaced income growth by roughly 12.9 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.
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At $2,235/mo, how Warwick rent compares to typical pay (30% rule).
Warwick rent by bedroom count
Median rent for each apartment size in Warwick. Click any size for full breakdown.
Tips for renters in Warwick
Last updated: October 17, 2026
The median rent in Warwick is $2,235/mo as of October 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 increased 6.7% over the past year.
Frequently asked questions
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Which nearby cities are cheaper to rent in than Warwick?
At $2,235/mo, rent takes ~30% of Warwick's median household income ($88,708/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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