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ZIP Code · RI

ZIP 02905

Pop. 25,012·Providence County·20th most expensive ZIP in Rhode Island
Median rent (all units)
$2,035/mo
Year-over-Year
+17.6%
Month-over-Month
+1.0%
vs US Median
+$70
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 02905 · $2,035
More expensive than 62% of US ZIP codes · National median $1,965/mo
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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

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Last updated: July 20, 2026

Annual cost
$24,420/yr
At $2,035/mo median
Location
StateRI
CountyProvidence County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 17.6% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+17.6% YoY, +1.0% 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

2021 vs 2026

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

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

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%.

Community

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Local insights

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About renting in ZIP 02905

Last updated: July 20, 2026

ZIP code 02905 covers Providence, RI. The median rent here is $2,035/mo as of July 2026. A 1-bedroom rents for a median of $1,380/mo. A 2-bedroom rents for a median of $1,700/mo.

At 39% of local median household income ($62,908/yr), ZIP 02905 ranks as moderate compared to the national benchmark of 30%. Rents have increased 17.6% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 02905?

As of July 20, 2026, the median monthly rent in ZIP 02905 (Providence, RI) is $2,035. This is based on aggregated data from public sources and community submissions.

How does ZIP 02905 rent compare to the US average?

ZIP 02905's median rent of $2,035/mo is $70 (4%) above the US national median of $1,965/mo.

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

ZIP 02905 falls in the middle range for Rhode Island, ranking #20 out of 34 ZIPs at $2,035/mo.

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 $81,000/year (~$39/hour full-time) to afford the median rent of $2,035/mo in ZIP 02905. The local median household income is $62,908/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 02905?

Rent in ZIP 02905 has increased 17.6% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 02905 an affordable place to rent?

ZIP 02905 is considered moderate for renters. At $2,035/mo, rent takes approximately 39% of the local median household income ($62,908/yr). The standard benchmark is 30%. ZIP 02905 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 02905 residents rent vs. own?

According to Census data, approximately 50.3% of ZIP 02905 households are renters, while 49.7% are owner-occupied. With a majority renter population, ZIP 02905 has a strong rental market.

How does ZIP 02905 compare to the rest of Providence?

ZIP 02905 is more affordable than Providence overall. At $2,035/mo, it's $258 below the Providence citywide median of $2,293/mo.

When was rent data for ZIP 02905 last updated?

Rent data for ZIP 02905 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
39%
MODERATE

At $2,035/mo, rent takes ~39% of ZIP 02905's median household income ($62,908/yr). The standard benchmark is 30%.

ZIP 02905 39%Benchmark 30%
State income tax3.75–5.99%
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Schools nearby

Public schools near ZIP 02905 (Providence, RI)

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