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ZIP Code · RI

ZIP 02864

Pop. 36,820·Providence County·15th most expensive ZIP in Rhode Island
Median rent (all units)
$2,160/mo
Year-over-Year
+0.7%
Month-over-Month
-0.6%
vs US Median
+$195
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 02864 · $2,160
More expensive than 68% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,240
1 BR
$1,320
2 BR
$1,630
3 BR
$1,970
4 BR+
$2,340
Research median
$1,630/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
$25,920/yr
At $2,160/mo median
Location
StateRI
CountyProvidence County
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+0.7% YoY, -0.6% MoM), not inventory.
Demographics

Who lives here

ZIP 02864 (Cumberland, RI) is majority owner-occupied, has a median income above the national average, 44.8% of residents hold a bachelor's degree or higher.

Population
36,820
Median income
$117,522
Median age
43.5
Renters
23.7%
Age distribution
23.4%
14.7%
27%
16%
18.9%
Under 1823.4%
18–3414.7%
35–5427%
55–6416%
65+18.9%
Gender
48.4%
51.6%
Male48.4%
Female51.6%
Race & ethnicity
84.5%
White84.5%
Black3.6%
Hispanic5.4%
Asian3.9%
Other2.7%
Education (25+)
21.3%
27.5%
44.8%
No HS diploma6.4%
HS diploma21.3%
Some college27.5%
Bachelor's+44.8%
Housing tenure
76.3%
23.7%
Owner76.3%
Renter23.7%

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

2021 vs 2026

How ZIP 02864 in Cumberland, RI has changed in 5 years

Income
$104,975 → $117,522
up 12.0%
Population
36,053 → 36,820
up 2.1%
Renter share
21.8% → 23.7%
+1.9 pts
Bachelor's+
40.8% → 44.8%
+4.0 pts
Median age
44.9 → 43.5
-1.4 yrs

Median household income grew from $104,975 to $117,522 between 2021 and 2024, a 12.0% shift. Headcount in the area went from 36,053 to 36,820 between 2021 and 2024, a 2.1% change. About 23.7% of households rent today, against 21.8% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 40.8% to 44.8%.

Community

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Local insights

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About renting in ZIP 02864

Last updated: July 20, 2026

ZIP code 02864 covers Cumberland, RI. The median rent here is $2,160/mo as of July 2026. A 1-bedroom rents for a median of $1,320/mo. A 2-bedroom rents for a median of $1,630/mo.

At 22% of local median household income ($117,522/yr), ZIP 02864 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.7% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 02864?

As of July 20, 2026, the median monthly rent in ZIP 02864 (Cumberland, RI) is $2,160. This is based on aggregated data from public sources and community submissions.

How does ZIP 02864 rent compare to the US average?

ZIP 02864's median rent of $2,160/mo is $195 (10%) above the US national median of $1,965/mo.

How does ZIP 02864 compare to other ZIPs in Rhode Island?

ZIP 02864 falls in the middle range for Rhode Island, ranking #15 out of 34 ZIPs at $2,160/mo.

How much income do you need to rent in ZIP 02864?

To keep rent at or below 30% of gross income, you would need to earn at least $86,000/year (~$41/hour full-time) to afford the median rent of $2,160/mo in ZIP 02864. The local median household income is $117,522/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 02864?

Rent in ZIP 02864 has increased 0.7% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 02864 an affordable place to rent?

ZIP 02864 is considered very affordable for renters. At $2,160/mo, rent takes approximately 22% of the local median household income ($117,522/yr). The standard benchmark is 30%. ZIP 02864 falls comfortably within that range.

What percentage of ZIP 02864 residents rent vs. own?

According to Census data, approximately 23.7% of ZIP 02864 households are renters, while 76.3% are owner-occupied. ZIP 02864 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 02864 compare to the rest of Cumberland?

ZIP 02864 sits right at the Cumberland citywide median of $2,160/mo.

When was rent data for ZIP 02864 last updated?

Rent data for ZIP 02864 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
22%
VERY AFFORDABLE

At $2,160/mo, rent takes ~22% of ZIP 02864's median household income ($117,522/yr). The standard benchmark is 30%.

ZIP 02864 22%Benchmark 30%
State income tax3.75–5.99%
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Schools nearby

Public schools near ZIP 02864 (Cumberland, RI)

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