City Report · RI

Woonsocket

Pop. 43,521·23rd most expensive in Rhode Island·Rental market data updated monthly for Woonsocket, RI
Median rent (all units)
$1,577/mo
Year-over-Year
+2.8%
Month-over-Month
Stable
vs US Median
-$355
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
Woonsocket · $1,577
More affordable than 70% of US cities · National median $1,932/mo
Rent Reality Score
64/100
Good value
OverheatedFairGreat value

Rents are 7% below what Woonsocket's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,577/mo
Expected by trend
$1,698/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
Fair Market Rent (HUD)
$1,530/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,577 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: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

February. Asking rents in Woonsocket usually run 1.2% below trend in February and 0.9% above it in June, about $33 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in Woonsocket is 1.1% below its high of $1,595 in May 2026, at $1,577 as of September 2026.

Past year vs. the rest of Rhode Island

Rent in Woonsocket changed +2.8% over the year to September 2026. Across the 19 Rhode Island cities Zillow tracks, the typical change was +4.9%.

Recent direction

Rent has fallen 2 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($61,059) is $1,526 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,260); a 2-bedroom is $1,530.

From Zillow's monthly rent index (ZORI) for Woonsocket. 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.

Annual cost
$18,924/yr
At $1,577/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (2.8% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+2.8% YoY, -0.1% MoM), not inventory.
Rent check

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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
$1,172 → $1,577
up 34.6%
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 34.6% since 2022, going from about $1,172 per month to roughly $1,577 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 9.5 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 $1,577/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: October 17, 2026

The median rent in Woonsocket is $1,577/mo as of October 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 31% of local median household income ($61,059/yr), Woonsocket ranks as moderate compared to the national benchmark of 30%. Rents have increased 2.8% over the past year.

FAQ

Frequently asked questions

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 $63,000/year (about $30/hour full-time) to afford the median rent of $1,577/mo in Woonsocket. The local median household income is $61,059/yr, so the typical household falls short of that bar.

Is rent going up or down in Woonsocket?

Rent in Woonsocket has risen 2.8% over the past year as of September 2026. It sits 1.1% below its high of $1,595 in May 2026.

When is the cheapest time to rent in Woonsocket?

Asking rents in Woonsocket are usually lowest in February, about 1.2% below their yearly trend, and highest in June, about 0.9% above it. At today's median that is a gap of roughly $33 a month. This pattern comes from 5 years of Zillow rent data.

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

Woonsocket is one of the more affordable among Rhode Island cities for rent, ranking #23 of 24 tracked cities at $1,577/mo. Over the year to September 2026, rent in Woonsocket changed +2.8%, against a typical +4.9% across the 19 Rhode Island cities Zillow tracks.
Income Affordability
31%
MODERATE

At $1,577/mo, rent takes ~31% of Woonsocket's median household income ($61,059/yr). The standard benchmark is 30%.

Woonsocket 31%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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