ZIP Code · RI

ZIP 02864

Part of Cumberland, RI

Pop. 36,820·Providence County·14th most expensive ZIP in Rhode Island

Median rent (all units)

$2,311/mo

Year-over-Year

+4.8%

Month-over-Month

+0.7%

vs US Median

+$379

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 02864 · $2,311

More expensive than 74% of US ZIP codes · National median $1,932/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: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of Rhode Island

Rent in ZIP 02864 changed +4.8% over the year to September 2026. Across the 25 Rhode Island ZIP codes Zillow tracks, the typical change was +4.8%.

Recent direction

Rent has risen 3 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($117,522) is $2,938 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,340).

Cheaper nearby

ZIP 02895, 4 miles away, rents for 32% less ($1,577/mo), about $8,800 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 02864. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$27,732/yr

At $2,311/mo median

Location

CityCumberland

StateRI

CountyProvidence County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (4.8% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+4.8% YoY, +0.7% 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: October 17, 2026

ZIP code 02864 covers Cumberland, RI. The median rent here is $2,311/mo as of October 2026. A 1-bedroom rents for a median of $1,320/mo. A 2-bedroom rents for a median of $1,630/mo.

At 24% of local median household income ($117,522/yr), ZIP 02864 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.8% over the past year.

FAQ

Frequently asked questions

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 $92,000/year (about $44/hour full-time) to afford the median rent of $2,311/mo in ZIP 02864. The local median household income is $117,522/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 02864?

Rent in ZIP 02864 has risen 4.8% over the past year.

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

ZIP 02864 is in the middle among Rhode Island ZIP codes for rent, ranking #14 of 32 at $2,311/mo. Over the year to September 2026, rent in ZIP 02864 changed +4.8%, against a typical +4.8% across the 25 Rhode Island ZIP codes Zillow tracks.