ZIP Code · RI

ZIP 02905

Part of Providence, RI

Pop. 25,012·Providence County·23rd most expensive ZIP in Rhode Island

Median rent (all units)

$2,006/mo

Year-over-Year

+4.5%

Month-over-Month

-0.3%

vs US Median

+$74

Reported rents

Stable (Monthly)

Be the first to discuss 02905 rents ↓

Most AffordableMost Expensive

ZIP 02905 · $2,006

More expensive than 62% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,300

1 BR

$1,380

2 BR

$1,700

3 BR

$2,050

4 BR+

$2,440

Research median

$1,700/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 02905 is 1.2% below its high of $2,031 in December 2025, at $2,006 as of September 2026.

Past year vs. the rest of Rhode Island

Rent in ZIP 02905 changed +4.5% over the year to September 2026. Across the 25 Rhode Island ZIP codes Zillow tracks, the typical change was +4.8%.

Recent direction

Rent rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($62,908) is $1,573 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,380); a 2-bedroom is $1,700.

Rank in Providence

3rd cheapest of 7 ZIP codes in Providence.

Cheaper nearby

ZIP 02911, 6 miles away, rents for 12% less ($1,769/mo), about $2,800 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 02905. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$24,072/yr

At $2,006/mo median

Location

CityProvidence

StateRI

CountyProvidence County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (4.5% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+4.5% YoY, -0.3% MoM), not inventory.

Demographics

Who lives here

ZIP 02905 (Providence, RI) is roughly split between renters and owners, has a median income below the national average, 29.8% of residents hold a bachelor's degree or higher.

Population

25,012

Median income

$62,908

Median age

35.3

Renters

50.3%

Age distribution

21.1%

28.6%

23.1%

12.6%

14.6%

Under 1821.1%

18–3428.6%

35–5423.1%

55–6412.6%

65+14.6%

Gender

46.1%

53.9%

Male46.1%

Female53.9%

Race & ethnicity

40.6%

13.3%

41.7%

White40.6%

Black13.3%

Hispanic41.7%

Asian3.1%

Other1.2%

Education (25+)

24%

24.8%

21.5%

29.8%

No HS diploma24%

HS diploma24.8%

Some college21.5%

Bachelor's+29.8%

Housing tenure

49.7%

50.3%

Owner49.7%

Renter50.3%

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

2022 vs 2026

How ZIP 02905 in Providence, RI has changed in 5 years

Rent

$1,442 → $2,006

up 39.1%

Income

$45,594 → $62,908

up 38.0%

Population

26,569 → 25,012

down 5.9%

Renter share

52.1% → 50.3%

-1.8 pts

Bachelor's+

25.7% → 29.8%

+4.1 pts

Median age

33.8 → 35.3

+1.5 yrs

Compared with 2022, rent in ZIP 02905 in Providence, RI has climbed by $564 per month, settling near $2,006 after starting the period at $1,442. Census figures show median household income at $62,908 today, compared with $45,594 five years earlier. Headcount in the area went from 26,569 to 25,012 between 2021 and 2024, a 5.9% change. About 50.3% of households rent today, against 52.1% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 25.7% to 29.8%. The combined trend lines point to a market that has changed measurably from where it stood in early 2022.

Community

Discussions about ZIP 02905

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 02905

About renting in ZIP 02905

Last updated: October 17, 2026

ZIP code 02905 covers Providence, RI. The median rent here is $2,006/mo as of October 2026. A 1-bedroom rents for a median of $1,380/mo. A 2-bedroom rents for a median of $1,700/mo.

At 38% of local median household income ($62,908/yr), ZIP 02905 ranks as moderate compared to the national benchmark of 30%. Rents have increased 4.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 02905?

To keep rent at or below 30% of gross income, you would need to earn at least $80,000/year (about $38/hour full-time) to afford the median rent of $2,006/mo in ZIP 02905. The local median household income is $62,908/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 02905?

Rent in ZIP 02905 has risen 4.5% over the past year as of September 2026. It sits 1.2% below its high of $2,031 in December 2025.

How does ZIP 02905 compare to other ZIPs in Rhode Island?

ZIP 02905 is one of the more affordable among Rhode Island ZIP codes for rent, ranking #23 of 32 at $2,006/mo. Over the year to September 2026, rent in ZIP 02905 changed +4.5%, against a typical +4.8% across the 25 Rhode Island ZIP codes Zillow tracks.