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ZIP Code · RI

ZIP 02906

Pop. 26,380·Providence County·11th most expensive ZIP in Rhode Island
Median rent (all units)
$2,386/mo
Year-over-Year
+5.5%
Month-over-Month
+2.6%
vs US Median
+$421
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 02906 · $2,386
More expensive than 76% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,780
1 BR
$1,900
2 BR
$2,340
3 BR
$2,830
4 BR+
$3,360
Research median
$2,340/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
$28,632/yr
At $2,386/mo median
Location
StateRI
CountyProvidence County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 5.5% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+5.5% YoY, +2.6% MoM), not inventory.
Demographics

Who lives here

ZIP 02906 (Providence, RI) is roughly split between renters and owners, skews toward younger working-age adults, has a median income above the national average, 79.5% of residents hold a bachelor's degree or higher.

Population
26,380
Median income
$103,050
Median age
35.8
Renters
48.5%
Age distribution
37%
22.7%
17.9%
Under 1811.6%
18–3437%
35–5422.7%
55–6410.7%
65+17.9%
Gender
48.1%
51.9%
Male48.1%
Female51.9%
Race & ethnicity
70.1%
12.3%
White70.1%
Black3.6%
Hispanic7.4%
Asian12.3%
Other6.6%
Education (25+)
79.5%
No HS diploma3.2%
HS diploma6.7%
Some college10.6%
Bachelor's+79.5%
Housing tenure
51.5%
48.5%
Owner51.5%
Renter48.5%

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

2021 vs 2026

How ZIP 02906 in Providence, RI has changed in 5 years

Rent
$1,706 → $2,386
up 39.9%
Income
$93,341 → $103,050
up 10.4%
Population
26,299 → 26,380
up 0.3%
Renter share
50.4% → 48.5%
-1.9 pts
Bachelor's+
77.5% → 79.5%
+2.0 pts
Median age
34.7 → 35.8
+1.1 yrs

Rent in ZIP 02906 in Providence, RI has climbed 39.9% since 2021, going from about $1,706 per month to roughly $2,386 today. Census figures show median household income at $103,050 today, compared with $93,341 five years earlier. Rent outpaced income growth by roughly 29.5 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. About 48.5% of households rent today, against 50.4% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 77.5% to 79.5%. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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Local insights

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About renting in ZIP 02906

Last updated: July 20, 2026

ZIP code 02906 covers Providence, RI. The median rent here is $2,386/mo as of July 2026. A 1-bedroom rents for a median of $1,900/mo. A 2-bedroom rents for a median of $2,340/mo.

At 28% of local median household income ($103,050/yr), ZIP 02906 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.5% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 02906?

As of July 20, 2026, the median monthly rent in ZIP 02906 (Providence, RI) is $2,386. This is based on aggregated data from public sources and community submissions.

How does ZIP 02906 rent compare to the US average?

ZIP 02906's median rent of $2,386/mo is $421 (21%) above the US national median of $1,965/mo.

How does ZIP 02906 compare to other ZIPs in Rhode Island?

ZIP 02906 is one of the pricier ZIP codes in Rhode Island, ranking #11 out of 34 ZIPs tracked at $2,386/mo.

How much income do you need to rent in ZIP 02906?

To keep rent at or below 30% of gross income, you would need to earn at least $95,000/year (~$46/hour full-time) to afford the median rent of $2,386/mo in ZIP 02906. The local median household income is $103,050/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 02906?

Rent in ZIP 02906 has increased 5.5% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 02906 an affordable place to rent?

ZIP 02906 is considered affordable for renters. At $2,386/mo, rent takes approximately 28% of the local median household income ($103,050/yr). The standard benchmark is 30%. ZIP 02906 falls comfortably within that range.

What percentage of ZIP 02906 residents rent vs. own?

According to Census data, approximately 48.5% of ZIP 02906 households are renters, while 51.5% are owner-occupied. ZIP 02906 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 02906 compare to the rest of Providence?

ZIP 02906 is pricier than Providence as a whole. At $2,386/mo, it's $93 above the Providence citywide median of $2,293/mo.

When was rent data for ZIP 02906 last updated?

Rent data for ZIP 02906 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
28%
AFFORDABLE

At $2,386/mo, rent takes ~28% of ZIP 02906's median household income ($103,050/yr). The standard benchmark is 30%.

ZIP 02906 28%Benchmark 30%
State income tax3.75–5.99%
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Schools nearby

Public schools near ZIP 02906 (Providence, RI)

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