ZIP 02906
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12-month history
Last updated: October 17, 2026
What the numbers show
February. Asking rents in ZIP 02906 usually run 0.7% below trend in February and 0.5% above it in July, about $31 a month apart at today's median. Based on 11 years of data.
Rent in ZIP 02906 is at its highest level since Zillow's records here began in January 2015.
Rent in ZIP 02906 changed +8.1% over the year to September 2026. Across the 25 Rhode Island ZIP codes Zillow tracks, the typical change was +4.8%.
From 2019 to 2024, rent in ZIP 02906 rose 46.1% while median household income rose 20.9% ($85,270 to $103,050). Rent outpaced income.
Rent in ZIP 02906 is 54.5% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 5 months in a row, and rose in 10 of the last 12 months.
30% of the median household income ($103,050) is $2,576 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,340); a 3-bedroom is $2,830.
7th cheapest of 7 ZIP codes in Providence.
ZIP 02903, 2 miles away, rents for 11% less ($2,318/mo), about $3,500 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 02906. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 02906 in Providence, RI has changed in 5 years
Rent in ZIP 02906 in Providence, RI has climbed 43.2% since 2021, going from about $1,820 per month to roughly $2,606 today. Census figures show median household income at $103,050 today, compared with $93,341 five years earlier. Rent outpaced income growth by roughly 32.8 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.
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Tips for renters in ZIP 02906
Last updated: October 17, 2026
ZIP code 02906 covers Providence, RI. The median rent here is $2,606/mo as of October 2026. A 1-bedroom rents for a median of $1,900/mo. A 2-bedroom rents for a median of $2,340/mo.
At 30% of local median household income ($103,050/yr), ZIP 02906 ranks as moderate compared to the national benchmark of 30%. Rents have increased 8.1% over the past year.
Frequently asked questions
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How does ZIP 02906 compare to other ZIPs in Rhode Island?
How does ZIP 02906 compare to the rest of Providence?
At $2,606/mo, rent takes ~30% of ZIP 02906's median household income ($103,050/yr). The standard benchmark is 30%.
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