ZIP Code · RI

ZIP 02889

Part of Warwick, RI

Pop. 27,516·Kent County·12th most expensive ZIP in Rhode Island

Median rent (all units)

$2,319/mo

Year-over-Year

Stable

Month-over-Month

+9.1%

vs US Median

+$387

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 02889 · $2,319

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

$1,400

1 BR

$1,490

2 BR

$1,840

3 BR

$2,220

4 BR+

$2,640

Research median

$1,840/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 ($83,946) is $2,099 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,840); a 3-bedroom is $2,220.

Cheaper nearby

ZIP 02915, 5 miles away, rents for 10% less ($2,078/mo), about $2,900 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 02889. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$27,828/yr

At $2,319/mo median

Location

CityWarwick

StateRI

CountyKent County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+0.0% YoY, +9.1% MoM), not inventory.

Demographics

Who lives here

ZIP 02889 (Warwick, RI) is majority owner-occupied, has a large retiree population, 26.1% of residents hold a bachelor's degree or higher.

Population

27,516

Median income

$83,946

Median age

45.4

Renters

20.9%

Age distribution

16.2%

20.9%

24.5%

16.6%

21.8%

Under 1816.2%

18–3420.9%

35–5424.5%

55–6416.6%

65+21.8%

Gender

49.5%

50.5%

Male49.5%

Female50.5%

Race & ethnicity

83.1%

White83.1%

Black1.7%

Hispanic9.1%

Asian3.5%

Other2.5%

Education (25+)

31%

33.8%

26.1%

No HS diploma9.2%

HS diploma31%

Some college33.8%

Bachelor's+26.1%

Housing tenure

79.1%

20.9%

Owner79.1%

Renter20.9%

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

2021 vs 2026

How ZIP 02889 in Warwick, RI has changed in 5 years

Income

$79,274 → $83,946

up 5.9%

Population

28,433 → 27,516

down 3.2%

Renter share

22.6% → 20.9%

-1.7 pts

Bachelor's+

27.1% → 26.1%

-1.0 pts

Median household income rose from $79,274 to $83,946 between 2021 and 2024, a 5.9% shift. The population has contracted by 3.2% since 2021, moving from about 28,433 residents to roughly 27,516. Renters now make up 20.9% of households, compared with 22.6% five years ago.

Community

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Local insights

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About renting in ZIP 02889

Last updated: October 17, 2026

ZIP code 02889 covers Warwick, RI. The median rent here is $2,319/mo as of October 2026. A 1-bedroom rents for a median of $1,490/mo. A 2-bedroom rents for a median of $1,840/mo.

At 33% of local median household income ($83,946/yr), ZIP 02889 ranks as moderate 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 02889?

To keep rent at or below 30% of gross income, you would need to earn at least $93,000/year (about $45/hour full-time) to afford the median rent of $2,319/mo in ZIP 02889. The local median household income is $83,946/yr, so the typical household falls short of that bar.