ZIP 02903
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Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
March. Asking rents in ZIP 02903 usually run 0.5% below trend in March and 0.5% above it in November, about $23 a month apart at today's median. Based on 9 years of data.
Rent in ZIP 02903 is 0.7% below its high of $2,335 in December 2025, at $2,318 as of September 2026.
Rent in ZIP 02903 changed +2.3% over the year to September 2026. Across the 25 Rhode Island ZIP codes Zillow tracks, the typical change was +4.8%.
From 2019 to 2024, rent in ZIP 02903 rose 38% while median household income rose 77.4% ($36,347 to $64,476). Income kept ahead of rent.
Rent in ZIP 02903 is 44.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent rose in 7 of the last 12 months.
30% of the median household income ($64,476) is $1,612 a month. That is less than HUD's Fair Market Rent for a studio ($1,850).
6th cheapest of 7 ZIP codes in Providence.
ZIP 02907, 2 miles away, rents for 21% less ($1,827/mo), about $5,900 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 02903. 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.
Who lives here
ZIP 02903 (Providence, RI) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 56% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 02903 in Providence, RI has changed in 5 years
Since 2021, the typical rent in ZIP 02903 in Providence, RI has climbed from $1,711 to $2,318, a 35.5% change over five years. On the earnings side, the typical household in ZIP 02903 in Providence, RI now reports about $64,476, up from $50,966 in 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 4.9% since 2021, moving from about 12,450 residents to roughly 11,836. Renters now make up 75.2% of households, compared with 81.2% five years ago. College-educated residents now make up 56% of adults here, versus 53% in 2021. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 02903 in Providence, RI reflects that arc in its own way.
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Tips for renters in ZIP 02903
Last updated: October 17, 2026
ZIP code 02903 covers Providence, RI. The median rent here is $2,318/mo as of October 2026. A 1-bedroom rents for a median of $1,970/mo. A 2-bedroom rents for a median of $2,430/mo.
At 43% of local median household income ($64,476/yr), ZIP 02903 ranks as moderate compared to the national benchmark of 30%. Rents have increased 2.3% over the past year.
Frequently asked questions
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How does ZIP 02903 compare to the rest of Providence?
At $2,318/mo, rent takes ~43% of ZIP 02903's median household income ($64,476/yr). The standard benchmark is 30%.
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