ZIP Code · RI

ZIP 02886

Part of Warwick, RI

Pop. 31,293·Kent County·15th most expensive ZIP in Rhode Island

Median rent (all units)

$2,235/mo

Year-over-Year

Stable

Month-over-Month

+1.0%

vs US Median

+$303

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 02886 · $2,235

More expensive than 72% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,490

1 BR

$1,590

2 BR

$1,960

3 BR

$2,370

4 BR+

$2,810

Research median

$1,960/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

What a typical income covers

30% of the median household income ($92,047) is $2,301 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,960); a 3-bedroom is $2,370.

Cheaper nearby

ZIP 02893, 4 miles away, rents for 15% less ($1,902/mo), about $4,000 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 02886. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$26,820/yr

At $2,235/mo median

Location

CityWarwick

StateRI

CountyKent County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (0.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+0.0% YoY, +1.0% MoM), not inventory.

Demographics

Who lives here

ZIP 02886 (Warwick, RI) is majority owner-occupied, has a median income above the national average, 36.9% of residents hold a bachelor's degree or higher.

Population

31,293

Median income

$92,047

Median age

41.3

Renters

35.4%

Age distribution

19%

21.8%

25.5%

13.9%

19.8%

Under 1819%

18–3421.8%

35–5425.5%

55–6413.9%

65+19.8%

Gender

48.2%

51.8%

Male48.2%

Female51.8%

Race & ethnicity

84.5%

White84.5%

Black2.6%

Hispanic5.8%

Asian4.2%

Other2.9%

Education (25+)

24.6%

32%

36.9%

No HS diploma6.5%

HS diploma24.6%

Some college32%

Bachelor's+36.9%

Housing tenure

64.6%

35.4%

Owner64.6%

Renter35.4%

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

2021 vs 2026

How ZIP 02886 in Warwick, RI has changed in 5 years

Income

$75,404 → $92,047

up 22.1%

Population

29,991 → 31,293

up 4.3%

Renter share

35.6% → 35.4%

-0.2 pts

Bachelor's+

35.7% → 36.9%

+1.2 pts

Local incomes tracked alongside that move, going from a median of $75,404 in 2021 to $92,047 more recently. The population has grown by 4.3% since 2021, moving from about 29,991 residents to roughly 31,293.

Community

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Local insights

Tips for renters in ZIP 02886

About renting in ZIP 02886

Last updated: October 17, 2026

ZIP code 02886 covers Warwick, RI. The median rent here is $2,235/mo as of October 2026. A 1-bedroom rents for a median of $1,590/mo. A 2-bedroom rents for a median of $1,960/mo.

At 29% of local median household income ($92,047/yr), ZIP 02886 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 02886?

To keep rent at or below 30% of gross income, you would need to earn at least $89,000/year (about $43/hour full-time) to afford the median rent of $2,235/mo in ZIP 02886. The local median household income is $92,047/yr, so the typical household meets that bar.