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ZIP Code · RI

ZIP 02909

Pop. 46,014·Providence County·22nd most expensive ZIP in Rhode Island
Median rent (all units)
$2,000/mo
Year-over-Year
-5.7%
Month-over-Month
-0.3%
vs US Median
+$35
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 02909 · $2,000
More expensive than 60% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,220
1 BR
$1,300
2 BR
$1,600
3 BR
$1,930
4 BR+
$2,300
Research median
$1,600/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
$24,000/yr
At $2,000/mo median
Location
StateRI
CountyProvidence County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 5.7% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-5.7% YoY, -0.3% MoM), not inventory.
Demographics

Who lives here

ZIP 02909 (Providence, RI) is majority renter-occupied, has a large share of families with children, has a median income below the national average, 22% of residents hold a bachelor's degree or higher.

Population
46,014
Median income
$64,649
Median age
32.2
Renters
60.2%
Age distribution
26%
29.1%
28.5%
Under 1826%
18–3429.1%
35–5428.5%
55–647.9%
65+8.5%
Gender
49.4%
50.6%
Male49.4%
Female50.6%
Race & ethnicity
27.8%
63.4%
White27.8%
Black10.8%
Hispanic63.4%
Asian3.3%
Education (25+)
19.7%
38.6%
19.7%
22%
No HS diploma19.7%
HS diploma38.6%
Some college19.7%
Bachelor's+22%
Housing tenure
39.8%
60.2%
Owner39.8%
Renter60.2%

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

2021 vs 2026

How ZIP 02909 in Providence, RI has changed in 5 years

Rent
$1,491 → $2,000
up 34.1%
Income
$52,232 → $64,649
up 23.8%
Population
42,021 → 46,014
up 9.5%
Renter share
61.9% → 60.2%
-1.7 pts
Bachelor's+
19.7% → 22%
+2.3 pts
Median age
30.8 → 32.2
+1.4 yrs

Five years ago, renters in ZIP 02909 in Providence, RI paid around $1,491 a month. That figure now sits near $2,000, up 34.1% from the 2021 baseline. On the earnings side, the typical household in ZIP 02909 in Providence, RI now reports about $64,649, up from $52,232 in 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 02909 in Providence, RI adding about 3,993 residents over the five-year window, up 9.5% on net. The renter share has eased from 61.9% to 60.2%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 19.7% to 22% across the same window. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 02909 in Providence, RI reflects that arc in its own way.

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Local insights

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About renting in ZIP 02909

Last updated: July 20, 2026

ZIP code 02909 covers Providence, RI. The median rent here is $2,000/mo as of July 2026. A 1-bedroom rents for a median of $1,300/mo. A 2-bedroom rents for a median of $1,600/mo.

At 37% of local median household income ($64,649/yr), ZIP 02909 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 5.7% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 02909?

As of July 20, 2026, the median monthly rent in ZIP 02909 (Providence, RI) is $2,000. This is based on aggregated data from public sources and community submissions.

How does ZIP 02909 rent compare to the US average?

ZIP 02909's median rent of $2,000/mo is $35 (2%) above the US national median of $1,965/mo.

How does ZIP 02909 compare to other ZIPs in Rhode Island?

ZIP 02909 falls in the middle range for Rhode Island, ranking #22 out of 34 ZIPs at $2,000/mo.

How much income do you need to rent in ZIP 02909?

To keep rent at or below 30% of gross income, you would need to earn at least $80,000/year (~$38/hour full-time) to afford the median rent of $2,000/mo in ZIP 02909. The local median household income is $64,649/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 02909?

Rent in ZIP 02909 has decreased 5.7% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 02909 an affordable place to rent?

ZIP 02909 is considered moderate for renters. At $2,000/mo, rent takes approximately 37% of the local median household income ($64,649/yr). The standard benchmark is 30%. ZIP 02909 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 02909 residents rent vs. own?

According to Census data, approximately 60.2% of ZIP 02909 households are renters, while 39.8% are owner-occupied. With a majority renter population, ZIP 02909 has a strong rental market.

How does ZIP 02909 compare to the rest of Providence?

ZIP 02909 is more affordable than Providence overall. At $2,000/mo, it's $293 below the Providence citywide median of $2,293/mo.

When was rent data for ZIP 02909 last updated?

Rent data for ZIP 02909 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
37%
MODERATE

At $2,000/mo, rent takes ~37% of ZIP 02909's median household income ($64,649/yr). The standard benchmark is 30%.

ZIP 02909 37%Benchmark 30%
State income tax3.75–5.99%
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Schools nearby

Public schools near ZIP 02909 (Providence, RI)

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