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ZIP Code · RI

ZIP 02842

Pop. 16,832·Newport County·3rd most expensive ZIP in Rhode Island
Median rent (all units)
$3,223/mo
Year-over-Year
+8.6%
Month-over-Month
+2.8%
vs US Median
+$1,258
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 02842 · $3,223
More expensive than 93% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,730
1 BR
$1,750
2 BR
$2,290
3 BR
$3,100
4 BR+
$3,560
Research median
$2,290/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
$38,676/yr
At $3,223/mo median
Location
StateRI
CountyNewport County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 8.6% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+8.6% YoY, +2.8% MoM), not inventory.
Demographics

Who lives here

ZIP 02842 (Middletown, RI) is majority owner-occupied, has a large retiree population, has a median income above the national average, 47.4% of residents hold a bachelor's degree or higher.

Population
16,832
Median income
$101,948
Median age
43.8
Renters
42.1%
Age distribution
19%
19.2%
23.9%
15.7%
22.3%
Under 1819%
18–3419.2%
35–5423.9%
55–6415.7%
65+22.3%
Gender
53.1%
46.9%
Male53.1%
Female46.9%
Race & ethnicity
77.8%
White77.8%
Black5.2%
Hispanic9.3%
Asian2.1%
Other5.6%
Education (25+)
26.5%
21.2%
47.4%
No HS diploma4.9%
HS diploma26.5%
Some college21.2%
Bachelor's+47.4%
Housing tenure
57.9%
42.1%
Owner57.9%
Renter42.1%

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

2021 vs 2026

How ZIP 02842 in Middletown, RI has changed in 5 years

Income
$88,211 → $101,948
up 15.6%
Population
16,983 → 16,832
down 0.9%
Renter share
43.6% → 42.1%
-1.5 pts
Bachelor's+
47.9% → 47.4%
-0.5 pts
Median age
44.8 → 43.8
-1.0 yrs

Median household income rose from $88,211 to $101,948 between 2021 and 2024, a 15.6% shift. Renters now make up 42.1% of households, compared with 43.6% five years ago.

Community

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Local insights

Tips for renters in ZIP 02842

About renting in ZIP 02842

Last updated: July 20, 2026

ZIP code 02842 covers Middletown, RI. The median rent here is $3,223/mo as of July 2026. A 1-bedroom rents for a median of $1,750/mo. A 2-bedroom rents for a median of $2,290/mo.

At 38% of local median household income ($101,948/yr), ZIP 02842 ranks as moderate compared to the national benchmark of 30%. Rents have increased 8.6% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 02842?

As of July 20, 2026, the median monthly rent in ZIP 02842 (Middletown, RI) is $3,223. This is based on aggregated data from public sources and community submissions.

How does ZIP 02842 rent compare to the US average?

ZIP 02842's median rent of $3,223/mo is $1,258 (64%) above the US national median of $1,965/mo.

How does ZIP 02842 compare to other ZIPs in Rhode Island?

ZIP 02842 is one of the pricier ZIP codes in Rhode Island, ranking #3 out of 34 ZIPs tracked at $3,223/mo.

How much income do you need to rent in ZIP 02842?

To keep rent at or below 30% of gross income, you would need to earn at least $129,000/year (~$62/hour full-time) to afford the median rent of $3,223/mo in ZIP 02842. The local median household income is $101,948/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 02842?

Rent in ZIP 02842 has increased 8.6% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 02842 an affordable place to rent?

ZIP 02842 is considered moderate for renters. At $3,223/mo, rent takes approximately 38% of the local median household income ($101,948/yr). The standard benchmark is 30%. ZIP 02842 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 02842 residents rent vs. own?

According to Census data, approximately 42.1% of ZIP 02842 households are renters, while 57.9% are owner-occupied. ZIP 02842 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 02842 compare to the rest of Middletown?

ZIP 02842 is more affordable than Middletown overall. At $3,223/mo, it's $6 below the Middletown citywide median of $3,229/mo.

When was rent data for ZIP 02842 last updated?

Rent data for ZIP 02842 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
38%
MODERATE

At $3,223/mo, rent takes ~38% of ZIP 02842's median household income ($101,948/yr). The standard benchmark is 30%.

ZIP 02842 38%Benchmark 30%
State income tax3.75–5.99%
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Schools nearby

Public schools near ZIP 02842 (Middletown, RI)

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