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City Report · RI

Woonsocket

Pop. 43,521·24th most expensive in Rhode Island·Woonsocket rents are up 9.3% over the past year
Median rent (all units)
$1,684/mo
Year-over-Year
+9.3%
Month-over-Month
+3.6%
vs US Median
-$281
Rising (Monthly)
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Most AffordableMost Expensive
Woonsocket · $1,684
More affordable than 63% of US cities · National median $1,965/mo
Rent Reality Score
49/100
Fairly priced
OverheatedFairGreat value

Rents are right about where Woonsocket's 10-year trend predicts.

Actual rent
$1,684/mo
Expected by trend
$1,678/mo
The Rent Reality Score compares today's median rent to where Woonsocket's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,170
1 BR
$1,260
2 BR
$1,530
3 BR
$1,850
4 BR+
$2,290
Research median
$1,530/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
$20,208/yr
At $1,684/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 9.3% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+9.3% YoY, +3.6% MoM), not inventory.
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Demographics

Who lives here

Woonsocket, RI is majority renter-occupied, has a median income below the national average, 19.8% of residents hold a bachelor's degree or higher.

Population
43,521
Median income
$61,059
Median age
35.7
Renters
62.8%
Age distribution
23.3%
25.3%
24.4%
12.3%
14.7%
Under 1823.3%
18–3425.3%
35–5424.4%
55–6412.3%
65+14.7%
Gender
48%
52%
Male48%
Female52%
Race & ethnicity
56.5%
25.5%
White56.5%
Black7.1%
Hispanic25.5%
Asian7%
Other3.9%
Education (25+)
17.4%
36.9%
26%
19.8%
No HS diploma17.4%
HS diploma36.9%
Some college26%
Bachelor's+19.8%
Housing tenure
37.2%
62.8%
Owner37.2%
Renter62.8%

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

2022 vs 2026

How Woonsocket, RI has changed in 5 years

Rent
$1,170 → $1,684
up 43.9%
Income
$48,822 → $61,059
up 25.1%
Population
43,044 → 43,521
up 1.1%
Renter share
62.4% → 62.8%
+0.4 pts
Bachelor's+
19.6% → 19.8%
+0.2 pts

Rent in Woonsocket, RI has increased 43.9% since 2022, going from about $1,170 per month to roughly $1,684 today. Household income in the area moved from $48,822 to $61,059 across the same window, up 25.1% versus 2021. Rent outpaced income growth by roughly 18.8 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 43,044 to 43,521 between 2021 and 2024, a 1.1% change. Reading these numbers side by side helps frame whether current listings in Woonsocket, RI look reasonable against where the market sat half a decade ago.

Community

Discussions about Woonsocket

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

Can you afford rent in Woonsocket on your salary?

At $1,684/mo, how Woonsocket rent compares to typical pay (30% rule).

By apartment size

Woonsocket rent by bedroom count

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

Local insights

Tips for renters in Woonsocket

About renting in Woonsocket, RI

Last updated: July 20, 2026

The median rent in Woonsocket is $1,684/mo as of July 2026. A studio apartment averages $1,170/mo while a 2-bedroom runs $1,530/mo. One-bedroom apartments average $1,260/mo and 3-bedroom units go for $1,850/mo.

At 33% of local median household income ($61,059/yr), Woonsocket ranks as moderate compared to the national benchmark of 30%. Rents have increased 9.3% over the past year.

FAQ

Frequently asked questions

Is Woonsocket an affordable city for renters?

Woonsocket is considered moderate for renters. At $1,684/mo, rent takes approximately 33% of the local median household income ($61,059/yr). The standard benchmark is 30%. Woonsocket slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Woonsocket?

To keep rent at or below 30% of gross income, you would need to earn at least $67,000/year (~$32/hour full-time) to afford the median rent of $1,684/mo in Woonsocket. The local median household income is $61,059/yr, meaning the typical Woonsocket household falls short of that threshold.

Is rent going up or down in Woonsocket?

Rent in Woonsocket has increased 9.3% over the past year as of July 2026, putting upward pressure on renter budgets.

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

Woonsocket is one of the more affordable cities in Rhode Island for rent, ranking #24 out of 24 tracked cities at $1,684/mo.

What percentage of Woonsocket residents rent vs. own?

According to Census data, approximately 62.8% of Woonsocket households are renters, while 37.2% are owner-occupied. With a majority renter population, Woonsocket has a strong rental market.

How does Woonsocket rent compare to the national average?

Woonsocket's median rent of $1,684/mo is $281 (14%) below the US national median of $1,965/mo. Within Rhode Island, it ranks #24 out of 24 tracked cities.
Income Affordability
33%
MODERATE

At $1,684/mo, rent takes ~33% of Woonsocket's median household income ($61,059/yr). The standard benchmark is 30%.

Woonsocket 33%Benchmark 30%
State income tax3.75–5.99%
Run the Woonsocket affordability calculator →
Lowest-rent ZIP codes in Woonsocket
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Woonsocket, RI

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