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ZIP Code · RI

ZIP 02908

Pop. 39,500·Providence County·13th most expensive ZIP in Rhode Island
Median rent (all units)
$2,247/mo
Year-over-Year
+7.7%
Month-over-Month
+0.6%
vs US Median
+$282
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 02908 · $2,247
More expensive than 71% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,320
1 BR
$1,400
2 BR
$1,730
3 BR
$2,090
4 BR+
$2,480
Research median
$1,730/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
$26,964/yr
At $2,247/mo median
Location
StateRI
CountyProvidence County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 7.7% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+7.7% YoY, +0.6% MoM), not inventory.
Demographics

Who lives here

ZIP 02908 (Providence, RI) is roughly split between renters and owners, skews toward younger working-age adults, 26.9% of residents hold a bachelor's degree or higher.

Population
39,500
Median income
$73,081
Median age
33.9
Renters
54%
Age distribution
21.9%
30.8%
24.9%
Under 1821.9%
18–3430.8%
35–5424.9%
55–6411.9%
65+10.5%
Gender
50.1%
49.9%
Male50.1%
Female49.9%
Race & ethnicity
37.7%
13.6%
44%
White37.7%
Black13.6%
Hispanic44%
Asian4.8%
Education (25+)
17.5%
29.7%
25.9%
26.9%
No HS diploma17.5%
HS diploma29.7%
Some college25.9%
Bachelor's+26.9%
Housing tenure
46%
54%
Owner46%
Renter54%

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

2021 vs 2026

How ZIP 02908 in Providence, RI has changed in 5 years

Income
$63,775 → $73,081
up 14.6%
Population
38,977 → 39,500
up 1.3%
Renter share
50.7% → 54%
+3.3 pts
Bachelor's+
29.5% → 26.9%
-2.6 pts
Median age
34.8 → 33.9
-0.9 yrs

Local incomes tracked alongside that move, going from a median of $63,775 in 2021 to $73,081 more recently. The population has grown by 1.3% since 2021, moving from about 38,977 residents to roughly 39,500. Renters now make up 54% of households, compared with 50.7% five years ago. College-educated residents now make up 26.9% of adults here, versus 29.5% in 2021.

Community

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Local insights

Tips for renters in ZIP 02908

About renting in ZIP 02908

Last updated: July 20, 2026

ZIP code 02908 covers Providence, RI. The median rent here is $2,247/mo as of July 2026. A 1-bedroom rents for a median of $1,400/mo. A 2-bedroom rents for a median of $1,730/mo.

At 37% of local median household income ($73,081/yr), ZIP 02908 ranks as moderate compared to the national benchmark of 30%. Rents have increased 7.7% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 02908?

As of July 20, 2026, the median monthly rent in ZIP 02908 (Providence, RI) is $2,247. This is based on aggregated data from public sources and community submissions.

How does ZIP 02908 rent compare to the US average?

ZIP 02908's median rent of $2,247/mo is $282 (14%) above the US national median of $1,965/mo.

How does ZIP 02908 compare to other ZIPs in Rhode Island?

ZIP 02908 falls in the middle range for Rhode Island, ranking #13 out of 34 ZIPs at $2,247/mo.

How much income do you need to rent in ZIP 02908?

To keep rent at or below 30% of gross income, you would need to earn at least $90,000/year (~$43/hour full-time) to afford the median rent of $2,247/mo in ZIP 02908. The local median household income is $73,081/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 02908?

Rent in ZIP 02908 has increased 7.7% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 02908 an affordable place to rent?

ZIP 02908 is considered moderate for renters. At $2,247/mo, rent takes approximately 37% of the local median household income ($73,081/yr). The standard benchmark is 30%. ZIP 02908 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 02908 residents rent vs. own?

According to Census data, approximately 54% of ZIP 02908 households are renters, while 46% are owner-occupied. With a majority renter population, ZIP 02908 has a strong rental market.

How does ZIP 02908 compare to the rest of Providence?

ZIP 02908 is more affordable than Providence overall. At $2,247/mo, it's $46 below the Providence citywide median of $2,293/mo.

When was rent data for ZIP 02908 last updated?

Rent data for ZIP 02908 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
37%
MODERATE

At $2,247/mo, rent takes ~37% of ZIP 02908's median household income ($73,081/yr). The standard benchmark is 30%.

ZIP 02908 37%Benchmark 30%
State income tax3.75–5.99%
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Schools nearby

Public schools near ZIP 02908 (Providence, RI)

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