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ZIP Code · RI

ZIP 02907

Pop. 31,461·Providence County·27th most expensive ZIP in Rhode Island
Median rent (all units)
$1,911/mo
Year-over-Year
+18.9%
Month-over-Month
-0.8%
vs US Median
-$54
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 02907 · $1,911
More expensive than 55% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,210
1 BR
$1,290
2 BR
$1,590
3 BR
$1,920
4 BR+
$2,280
Research median
$1,590/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
$22,932/yr
At $1,911/mo median
Location
StateRI
CountyProvidence County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 18.9% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+18.9% YoY, -0.8% MoM), not inventory.
Demographics

Who lives here

ZIP 02907 (Providence, RI) is majority renter-occupied, has a median income below the national average, 22.5% of residents hold a bachelor's degree or higher.

Population
31,461
Median income
$52,485
Median age
33.8
Renters
63.7%
Age distribution
24.5%
26.6%
26.6%
Under 1824.5%
18–3426.6%
35–5426.6%
55–6411.8%
65+10.5%
Gender
51%
49%
Male51%
Female49%
Race & ethnicity
17%
68.4%
White17%
Black11.9%
Hispanic68.4%
Asian4.6%
Education (25+)
26%
31.1%
20.5%
22.5%
No HS diploma26%
HS diploma31.1%
Some college20.5%
Bachelor's+22.5%
Housing tenure
36.3%
63.7%
Owner36.3%
Renter63.7%

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

2021 vs 2026

How ZIP 02907 in Providence, RI has changed in 5 years

Income
$39,522 → $52,485
up 32.8%
Population
31,705 → 31,461
down 0.8%
Renter share
69.7% → 63.7%
-6.0 pts
Bachelor's+
18.9% → 22.5%
+3.6 pts
Median age
32.8 → 33.8
+1.0 yrs

Household income in the area moved from $39,522 to $52,485 across the same window, up 32.8% versus 2021. The renter share has eased from 69.7% to 63.7%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 18.9% to 22.5% across the same window.

Community

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Local insights

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About renting in ZIP 02907

Last updated: July 20, 2026

ZIP code 02907 covers Providence, RI. The median rent here is $1,911/mo as of July 2026. A 1-bedroom rents for a median of $1,290/mo. A 2-bedroom rents for a median of $1,590/mo.

At 44% of local median household income ($52,485/yr), ZIP 02907 ranks as moderate compared to the national benchmark of 30%. Rents have increased 18.9% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 02907?

As of July 20, 2026, the median monthly rent in ZIP 02907 (Providence, RI) is $1,911. This is based on aggregated data from public sources and community submissions.

How does ZIP 02907 rent compare to the US average?

ZIP 02907's median rent of $1,911/mo is $54 (3%) below the US national median of $1,965/mo.

How does ZIP 02907 compare to other ZIPs in Rhode Island?

ZIP 02907 is among the more affordable ZIP codes in Rhode Island, ranking #27 out of 34 ZIPs at $1,911/mo.

How much income do you need to rent in ZIP 02907?

To keep rent at or below 30% of gross income, you would need to earn at least $76,000/year (~$37/hour full-time) to afford the median rent of $1,911/mo in ZIP 02907. The local median household income is $52,485/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 02907?

Rent in ZIP 02907 has increased 18.9% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 02907 an affordable place to rent?

ZIP 02907 is considered stretched for renters. At $1,911/mo, rent takes approximately 44% of the local median household income ($52,485/yr). The standard benchmark is 30%. ZIP 02907 significantly exceeds that threshold, making it challenging for many renters.

What percentage of ZIP 02907 residents rent vs. own?

According to Census data, approximately 63.7% of ZIP 02907 households are renters, while 36.3% are owner-occupied. With a majority renter population, ZIP 02907 has a strong rental market.

How does ZIP 02907 compare to the rest of Providence?

ZIP 02907 is more affordable than Providence overall. At $1,911/mo, it's $382 below the Providence citywide median of $2,293/mo.

When was rent data for ZIP 02907 last updated?

Rent data for ZIP 02907 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
44%
STRETCHED

At $1,911/mo, rent takes ~44% of ZIP 02907's median household income ($52,485/yr). The standard benchmark is 30%.

ZIP 02907 44%Benchmark 30%
State income tax3.75–5.99%
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Schools nearby

Public schools near ZIP 02907 (Providence, RI)

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