Warwick, 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 Warwick, Rhode Island rental market.
Warwick, Rhode Island
Average Apartment Rent
$2,002
Y-o-Y Change in Average
Apartment Rent
5.3%
As of March 2026
Compared to a year ago, Warwick, Rhode Island apartments have recorded a 5.3% rent increase.
Warwick, Rhode Island Average apartment rent trend
Warwick, Rhode Island Average Apartment Rent
Warwick, Rhode Island Apartment rent ranges
At 50.25%, apartments priced $1,500 - $2,000 represent the bulk of Warwick, Rhode Island rentals, while condos priced Over $3,000 hold the lowest share of the market – 0.62%.
Warwick, Rhode Island Housing tenure**
Renters take up 28% of Warwick, Rhode Island real estate, occupying a total of 9,942 units, while homeowners live in 26,201 properties.
Median number of rooms of renter-occupied housing units**
3.6
Renter median household income**
$44,718
Average household size of renter-occupied housing units**
1.85
Rental vacancy rate**
2.6%
Warwick, Rhode Island Renter-occupied housing units by no. of bedrooms**
There are 4,461 rentals in Warwick, Rhode Island with 1 bed making up the highest share of the market, at 45%. Units with 4 beds, on the other hand, hold the lowest percentage (3%), amounting to 284 units. Overall, the median number of rooms in Warwick, Rhode Island homes for rent is 3.6.
Warwick, Rhode Island Renter-occupied units by age of householder**
Most condos for rent in Warwick, Rhode Island are occupied by residents in the 25 - 34 years age group (20%), followed by those in the 65 - 74 years age group (16%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 5%.
Warwick, Rhode Island Renter-occupied housing units by family type**
Warwick, Rhode Island Renter-occupied housing units by the presence of own children**
A total of 3,314 apartments for rent in Warwick, Rhode Island, or 33% of all rentals are family households. Additionally, 18% of rental homes include children under the age of 18 – that’s 1,771 units. All in all, the median size of a renter-occupied household in Warwick, Rhode Island is 1.85.
Warwick, Rhode Island Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 27% of the rental market. In contrast, residents with less than a high school degree reside in 12% of the homes for rent in Warwick, Rhode Island.
Warwick, Rhode Island Renter-occupied units by year structure built**
The highest share of Warwick, Rhode Island apartment rentals, namely 26% or 2,577 units, were Built 1970 - 1979, followed by those Built 1939 or earlier (18%, 1,745 units), and the ones Built 1960 - 1969 (14%, 1,352 units).
Warwick, Rhode Island Renter-occupied units by year householder moved in**
Median year renter moved into unit 2015
Most Warwick, Rhode Island renters (44%) moved in 2010 to 2017, while only 2% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Warwick, Rhode Island condos for rent is 2015.
Warwick, Rhode Island Renter-occupied housing units by vehicles available**
When it comes to transportation options, 55% of Warwick, Rhode Island renters have 1 vehicle available per household, 24% of them have 2 vehicles available, and 15% have No vehicle available.
Warwick, Rhode Island Means of transportation to work of householders living in renter-occupied housing units**
Warwick, 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 Warwick, 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
