ZIP Code · RI

ZIP 02860

Part of Pawtucket, RI

Pop. 47,818·Providence County·28th most expensive ZIP in Rhode Island

Median rent (all units)

$1,827/mo

Year-over-Year

+4.6%

Month-over-Month

-0.2%

vs US Median

-$105

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 02860 · $1,827

More expensive than 51% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,230

1 BR

$1,310

2 BR

$1,610

3 BR

$1,940

4 BR+

$2,310

Research median

$1,610/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: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

February. Asking rents in ZIP 02860 usually run 1.1% below trend in February and 0.8% above it in October, about $35 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 02860 is 0.2% below its high of $1,830 in August 2026, at $1,827 as of September 2026.

Past year vs. the rest of Rhode Island

Rent in ZIP 02860 changed +4.6% over the year to September 2026. Across the 25 Rhode Island ZIP codes Zillow tracks, the typical change was +4.8%.

Recent direction

Rent rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($61,539) is $1,538 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,310); a 2-bedroom is $1,610.

Cheaper nearby

ZIP 02863, 1 mile away, rents for 15% less ($1,547/mo), about $3,400 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 02860. 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

$21,924/yr

At $1,827/mo median

Location

CityPawtucket

StateRI

CountyProvidence County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (4.6% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+4.6% YoY, -0.2% MoM), not inventory.

Demographics

Who lives here

ZIP 02860 (Pawtucket, RI) is majority renter-occupied, has a median income below the national average, 23.1% of residents hold a bachelor's degree or higher.

Population

47,818

Median income

$61,539

Median age

36.6

Renters

59.2%

Age distribution

23.4%

27.6%

14.1%

Under 1823.4%

18–3423.4%

35–5427.6%

55–6411.5%

65+14.1%

Gender

48.7%

51.3%

Male48.7%

Female51.3%

Race & ethnicity

44.9%

13.6%

31.6%

White44.9%

Black13.6%

Hispanic31.6%

Asian1.5%

Other8.3%

Education (25+)

20.3%

32.3%

24.3%

23.1%

No HS diploma20.3%

HS diploma32.3%

Some college24.3%

Bachelor's+23.1%

Housing tenure

40.8%

59.2%

Owner40.8%

Renter59.2%

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

2022 vs 2026

How ZIP 02860 in Pawtucket, RI has changed in 5 years

Rent

$1,375 → $1,827

up 32.9%

Income

$49,357 → $61,539

up 24.7%

Population

48,092 → 47,818

down 0.6%

Renter share

61.5% → 59.2%

-2.3 pts

Bachelor's+

24.1% → 23.1%

-1.0 pts

Median age

35.3 → 36.6

+1.3 yrs

The median rent in ZIP 02860 in Pawtucket, RI stood at $1,375 in 2022 and currently runs about $1,827, reflecting a 32.9% increase over the period. Local incomes tracked alongside that move, going from a median of $49,357 in 2021 to $61,539 more recently. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. Renters now make up 59.2% of households, compared with 61.5% five years ago. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 02860 in Pawtucket, RI market of 2022.

Community

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About renting in ZIP 02860

Last updated: October 17, 2026

ZIP code 02860 covers Pawtucket, RI. The median rent here is $1,827/mo as of October 2026. A 1-bedroom rents for a median of $1,310/mo. A 2-bedroom rents for a median of $1,610/mo.

At 36% of local median household income ($61,539/yr), ZIP 02860 ranks as moderate compared to the national benchmark of 30%. Rents have increased 4.6% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 02860?

To keep rent at or below 30% of gross income, you would need to earn at least $73,000/year (about $35/hour full-time) to afford the median rent of $1,827/mo in ZIP 02860. The local median household income is $61,539/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 02860?

Rent in ZIP 02860 has risen 4.6% over the past year as of September 2026. It sits 0.2% below its high of $1,830 in August 2026.

When is the cheapest time to rent in ZIP 02860?

Asking rents in ZIP 02860 are usually lowest in February, about 1.1% below their yearly trend, and highest in October, about 0.8% above it. At today's median that is a gap of roughly $35 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 02860 compare to other ZIPs in Rhode Island?

ZIP 02860 is one of the more affordable among Rhode Island ZIP codes for rent, ranking #28 of 32 at $1,827/mo. Over the year to September 2026, rent in ZIP 02860 changed +4.6%, against a typical +4.8% across the 25 Rhode Island ZIP codes Zillow tracks.