Average Rent in Warwick, RI (2026)

Typical asking rent in Warwick is $2,125. Across the 3 ZIP codes with data it runs from $1,800 to $2,151, so which side of town you buy on matters as much as the city average. Data as of August 2026.

Median rent
$2,125
Average rent
$2,025
Lowest ZIP
$1,800
Highest ZIP
$2,151

Rent by ZIP code in Warwick

ZIP codeCountyTypical rentvs city median
02886Kent County$2,151+1%
02889Kent County$2,1250%
02888Kent County$1,800-15%

Rent by bedroom count in Warwick

Zillow's index above blends every unit size into one number. For a bedroom level view, these are HUD's FY2027 Fair Market Rents for Kent County. They include utilities and sit near the 40th percentile of the market, so treat them as the low side of what a typical unit lists for. Kent County uses Small Area FMRs, and the two bedroom figure runs from $1,760 to $2,150 depending on the Warwick ZIP code.

Unit sizeFY2027 Fair Market Rent
Studio$1,423
1 bedroom$1,509
2 bedroom$1,879
3 bedroom$2,302
4 bedroom$2,615

Source: HUD Fair Market Rents. Updates when HUD publishes a new fiscal year.

Is rent going up or down in Warwick?

Typical rent across Kent County is $2,188 as of August 2026. That is up 2.4% from a year earlier and up 35.2% over five years.

YearTypical rent, Kent CountyChange
2021$1,714+15.4%
2022$1,832+6.9%
2023$1,961+7.0%
2024$2,068+5.5%
2025$2,176+5.2%
2026 (through August)$2,188+0.6%

Zillow Observed Rent Index for the county, all home types, last published month of each year. Each row is compared with the end of the year before it.

Warwick rent questions

What is the average rent in Warwick, RI?
Typical asking rent in Warwick is $2,125 a month as of August 2026, across 3 ZIP codes. By ZIP code it runs from $1,800 to $2,151.
How much is rent for a 2 bedroom in Warwick?
HUD's FY2027 Fair Market Rent for a two bedroom in Kent County is $1,879 a month including utilities. A one bedroom is $1,509 and a three bedroom is $2,302. Fair Market Rent is set near the 40th percentile, so a typical unit lists somewhat higher.
Is rent going up or down in Warwick?
Rent is rising. Typical rent in Kent County is $2,188 as of August 2026, up 2.4% from a year earlier.
What is the cheapest ZIP code to rent in Warwick?
ZIP 02888 has the lowest typical asking rent in Warwick at $1,800 a month, compared with $2,125 for the city overall.
How much income do you need to rent in Warwick?
Most landlords look for gross income of about three times the rent. At the typical Warwick rent of $2,125, that is about $6,375 a month, or $76,500 a year. This is a common screening rule of thumb, and individual landlords set their own.

How to use these numbers

These are Zillow Observed Rent Index values, a smoothed measure of typical asking rent for single family homes, condos, and apartments in each ZIP code. They describe what units are listed for, not what any specific unit will get. Condition, bedroom count, and the exact block all move the number.

If you are underwriting a purchase, use the ZIP figure rather than the city median, and then verify against live listings for the same bedroom count before you commit. Warwick sits in the Providence-Warwick, RI-MA metro area.

Other Rhode Island cities

Would a rental in Warwick cash flow?

Start the analyzer with the Warwick median rent of $2,125 and add a real purchase price to see cash flow, cap rate, and cash-on-cash return.