ZIP Code · RI

ZIP 02904

Part of Providence, RI

Pop. 32,531·Providence County·27th most expensive ZIP in Rhode Island

Median rent (all units)

$1,833/mo

Year-over-Year

+4.3%

Month-over-Month

+0.3%

vs US Median

-$99

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 02904 · $1,833

More expensive than 51% 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

$1,330

1 BR

$1,410

2 BR

$1,740

3 BR

$2,100

4 BR+

$2,500

Research median

$1,740/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

Compared with the peak

Rent in ZIP 02904 is at its highest level since Zillow's records here began in February 2022.

Past year vs. the rest of Rhode Island

Rent in ZIP 02904 changed +4.3% 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 8 months in a row, and rose in 11 of the last 12 months.

What a typical income covers

30% of the median household income ($67,003) is $1,675 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,410); a 2-bedroom is $1,740.

Rank in Providence

2nd cheapest of 7 ZIP codes in Providence.

Cheaper nearby

ZIP 02863, 3 miles away, rents for 16% less ($1,547/mo), about $3,400 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 02904. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$21,996/yr

At $1,833/mo median

Location

CityProvidence

StateRI

CountyProvidence County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (4.3% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+4.3% YoY, +0.3% MoM), not inventory.

Demographics

Who lives here

ZIP 02904 (Providence, RI) is roughly split between renters and owners, 31.8% of residents hold a bachelor's degree or higher.

Population

32,531

Median income

$67,003

Median age

38.9

Renters

48.3%

Age distribution

22.2%

22.3%

26.1%

18%

Under 1822.2%

18–3422.3%

35–5426.1%

55–6411.4%

65+18%

Gender

47.2%

52.8%

Male47.2%

Female52.8%

Race & ethnicity

51.6%

12.2%

28.2%

White51.6%

Black12.2%

Hispanic28.2%

Asian4.6%

Other3.4%

Education (25+)

12.2%

30.6%

25.3%

31.8%

No HS diploma12.2%

HS diploma30.6%

Some college25.3%

Bachelor's+31.8%

Housing tenure

51.7%

48.3%

Owner51.7%

Renter48.3%

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

2022 vs 2026

How ZIP 02904 in Providence, RI has changed in 5 years

Rent

$1,402 → $1,833

up 30.7%

Income

$56,139 → $67,003

up 19.4%

Population

31,494 → 32,531

up 3.3%

Renter share

49.2% → 48.3%

-0.9 pts

Bachelor's+

29.8% → 31.8%

+2.0 pts

Median age

39.8 → 38.9

-0.9 yrs

Across the past five years, the going rent in ZIP 02904 in Providence, RI has shifted from $1,402 to $1,833, up 30.7% since 2022. Household income in the area moved from $56,139 to $67,003 across the same window, up 19.4% versus 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 02904 in Providence, RI adding about 1,037 residents over the five-year window, up 3.3% on net. Bachelor's-degree-or-higher attainment moved from 29.8% to 31.8% across the same window. Reading these numbers side by side helps frame whether current listings in ZIP 02904 in Providence, RI look reasonable against where the market sat half a decade ago.

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About renting in ZIP 02904

Last updated: October 17, 2026

ZIP code 02904 covers Providence, RI. The median rent here is $1,833/mo as of October 2026. A 1-bedroom rents for a median of $1,410/mo. A 2-bedroom rents for a median of $1,740/mo.

At 33% of local median household income ($67,003/yr), ZIP 02904 ranks as moderate compared to the national benchmark of 30%. Rents have increased 4.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 02904?

To keep rent at or below 30% of gross income, you would need to earn at least $73,000/year (about $35/hour full-time) to afford the median rent of $1,833/mo in ZIP 02904. The local median household income is $67,003/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 02904?

Rent in ZIP 02904 has risen 4.3% over the past year as of September 2026. That is the highest level since Zillow's records here began in February 2022.

How does ZIP 02904 compare to other ZIPs in Rhode Island?

ZIP 02904 is one of the more affordable among Rhode Island ZIP codes for rent, ranking #27 of 32 at $1,833/mo. Over the year to September 2026, rent in ZIP 02904 changed +4.3%, against a typical +4.8% across the 25 Rhode Island ZIP codes Zillow tracks.