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ZIP Code · RI

ZIP 02903

Pop. 11,836·Providence County·9th most expensive ZIP in Rhode Island
Median rent (all units)
$2,527/mo
Year-over-Year
+9.0%
Month-over-Month
+2.0%
vs US Median
+$562
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 02903 · $2,527
More expensive than 80% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,850
1 BR
$1,970
2 BR
$2,430
3 BR
$2,930
4 BR+
$3,490
Research median
$2,430/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
$30,324/yr
At $2,527/mo median
Location
StateRI
CountyProvidence County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 9.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+9.0% YoY, +2.0% MoM), not inventory.
Demographics

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.

Population
11,836
Median income
$64,476
Median age
35.5
Renters
75.2%
Age distribution
46.4%
21.3%
19.7%
Under 182.7%
18–3446.4%
35–5421.3%
55–649.9%
65+19.7%
Gender
42.6%
57.4%
Male42.6%
Female57.4%
Race & ethnicity
62.1%
13.6%
13.6%
White62.1%
Black9.8%
Hispanic13.6%
Asian13.6%
Other1%
Education (25+)
21.8%
13%
56%
No HS diploma9.2%
HS diploma21.8%
Some college13%
Bachelor's+56%
Housing tenure
24.8%
75.2%
Owner24.8%
Renter75.2%

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

2021 vs 2026

How ZIP 02903 in Providence, RI has changed in 5 years

Rent
$1,709 → $2,527
up 47.9%
Income
$50,966 → $64,476
up 26.5%
Population
12,450 → 11,836
down 4.9%
Renter share
81.2% → 75.2%
-6.0 pts
Bachelor's+
53% → 56%
+3.0 pts
Median age
32.6 → 35.5
+2.9 yrs

Since 2021, the typical rent in ZIP 02903 in Providence, RI has climbed from $1,709 to $2,527, a 47.9% 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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Local insights

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About renting in ZIP 02903

Last updated: July 20, 2026

ZIP code 02903 covers Providence, RI. The median rent here is $2,527/mo as of July 2026. A 1-bedroom rents for a median of $1,970/mo. A 2-bedroom rents for a median of $2,430/mo.

At 47% of local median household income ($64,476/yr), ZIP 02903 ranks as moderate compared to the national benchmark of 30%. Rents have increased 9.0% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 02903?

As of July 20, 2026, the median monthly rent in ZIP 02903 (Providence, RI) is $2,527. This is based on aggregated data from public sources and community submissions.

How does ZIP 02903 rent compare to the US average?

ZIP 02903's median rent of $2,527/mo is $562 (29%) above the US national median of $1,965/mo.

How does ZIP 02903 compare to other ZIPs in Rhode Island?

ZIP 02903 is one of the pricier ZIP codes in Rhode Island, ranking #9 out of 34 ZIPs tracked at $2,527/mo.

How much income do you need to rent in ZIP 02903?

To keep rent at or below 30% of gross income, you would need to earn at least $101,000/year (~$49/hour full-time) to afford the median rent of $2,527/mo in ZIP 02903. The local median household income is $64,476/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 02903?

Rent in ZIP 02903 has increased 9.0% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 02903 an affordable place to rent?

ZIP 02903 is considered stretched for renters. At $2,527/mo, rent takes approximately 47% of the local median household income ($64,476/yr). The standard benchmark is 30%. ZIP 02903 significantly exceeds that threshold, making it challenging for many renters.

What percentage of ZIP 02903 residents rent vs. own?

According to Census data, approximately 75.2% of ZIP 02903 households are renters, while 24.8% are owner-occupied. With a majority renter population, ZIP 02903 has a strong rental market.

How does ZIP 02903 compare to the rest of Providence?

ZIP 02903 is pricier than Providence as a whole. At $2,527/mo, it's $234 above the Providence citywide median of $2,293/mo.

When was rent data for ZIP 02903 last updated?

Rent data for ZIP 02903 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
47%
STRETCHED

At $2,527/mo, rent takes ~47% of ZIP 02903's median household income ($64,476/yr). The standard benchmark is 30%.

ZIP 02903 47%Benchmark 30%
State income tax3.75–5.99%
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Schools nearby

Public schools near ZIP 02903 (Providence, RI)

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