ZIP Code · RI

ZIP 02907

Part of Providence, RI

Pop. 31,461·Providence County·28th most expensive ZIP in Rhode Island

Median rent (all units)

$1,827/mo

Year-over-Year

+1.3%

Month-over-Month

-0.9%

vs US Median

-$105

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 02907 · $1,827

More expensive than 51% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

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: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of Rhode Island

Rent in ZIP 02907 changed +1.3% 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 6 of the last 12 months.

What a typical income covers

30% of the median household income ($52,485) is $1,312 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,290); a 2-bedroom is $1,590.

Rank in Providence

1st cheapest of 7 ZIP codes in Providence.

Cheaper nearby

ZIP 02863, 7 miles away, rents for 15% less ($1,547/mo), about $3,400 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 02907. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$21,924/yr

At $1,827/mo median

Location

CityProvidence

StateRI

CountyProvidence County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+1.3% YoY, -0.9% 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%

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: October 17, 2026

ZIP code 02907 covers Providence, RI. The median rent here is $1,827/mo as of October 2026. A 1-bedroom rents for a median of $1,290/mo. A 2-bedroom rents for a median of $1,590/mo.

At 42% of local median household income ($52,485/yr), ZIP 02907 ranks as moderate compared to the national benchmark of 30%. Rents have increased 1.3% over the past year.

FAQ

Frequently asked questions

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 $73,000/year (about $35/hour full-time) to afford the median rent of $1,827/mo in ZIP 02907. The local median household income is $52,485/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 02907?

Rent in ZIP 02907 has risen 1.3% over the past year.

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

ZIP 02907 is one of the more affordable among Rhode Island ZIP codes for rent, ranking #28 of 32 at $1,827/mo. Over the year to September 2026, rent in ZIP 02907 changed +1.3%, against a typical +4.8% across the 25 Rhode Island ZIP codes Zillow tracks.