Greater Melville, Rhode Island Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Greater Melville, Rhode Island rental market.
Greater Melville, Rhode Island
Average Apartment Rent
$1,744
Y-o-Y Change in Average
Apartment Rent
1%
As of March 2026
Compared to a year ago, Greater Melville, Rhode Island apartments have recorded a 1% rent increase.
Greater Melville, Rhode Island Average apartment rent trend
Greater Melville, Rhode Island Average Apartment Rent
Greater Melville, Rhode Island Apartment rent ranges
At 55.45%, apartments priced $1,500 - $2,000 represent the bulk of Greater Melville, Rhode Island rentals, while condos priced $2,500 - $3,000 hold the lowest share of the market – 2.97%.
Greater Melville, Rhode Island Housing tenure**
Renters take up 96% of Greater Melville, Rhode Island real estate, occupying a total of 542 units, while homeowners live in 22 properties.
Median number of rooms of renter-occupied housing units**
6
Renter median household income**
$112,234
Average household size of renter-occupied housing units**
3.33
Rental vacancy rate**
14.4%
Greater Melville, Rhode Island Renter-occupied housing units by no. of bedrooms**
There are 403 rentals in Greater Melville, Rhode Island with 3 beds making up the highest share of the market, at 74%. Units with 1 bed, on the other hand, hold the lowest percentage (1%), amounting to 3 units. Overall, the median number of rooms in Greater Melville, Rhode Island homes for rent is 6.
Greater Melville, Rhode Island Renter-occupied units by age of householder**
Most condos for rent in Greater Melville, Rhode Island are occupied by residents in the 25 - 34 years age group (46%), followed by those in the 35 - 44 years age group (37%). At the same time, people in the 60 - 64 years age group make up the lowest share of the local rental market – 1%.
Greater Melville, Rhode Island Renter-occupied housing units by family type**
Greater Melville, Rhode Island Renter-occupied housing units by the presence of own children**
A total of 491 apartments for rent in Greater Melville, Rhode Island, or 91% of all rentals are family households. Additionally, 65% of rental homes include children under the age of 18 – that’s 353 units. All in all, the median size of a renter-occupied household in Greater Melville, Rhode Island is 3.33.
Greater Melville, Rhode Island Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 68% of the rental market. In contrast, residents with less than a high school degree reside in 0% of the homes for rent in Greater Melville, Rhode Island.
Greater Melville, Rhode Island Renter-occupied units by year structure built**
The highest share of Greater Melville, Rhode Island apartment rentals, namely 36% or 194 units, were Built 1970 - 1979, followed by those Built 1960 - 1969 (19%, 101 units), and the ones Built 1950 - 1959 (15%, 84 units).
Greater Melville, Rhode Island Renter-occupied units by year householder moved in**
Greater Melville, Rhode Island Renter-occupied housing units by vehicles available**
When it comes to transportation options, 70% of Greater Melville, Rhode Island renters have 2 vehicles available per household, 24% of them have 1 vehicle available, and 4% have 3 vehicles available.
Greater Melville, Rhode Island Means of transportation to work of householders living in renter-occupied housing units**
Greater Melville, Rhode Island Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Greater Melville, Rhode Island apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
