Cranston, RI Rental Market
Cranston is Providence's largest suburb and a family-oriented residential community offering direct access to Providence employment while maintaining a quieter, more suburban character. The city's proximity to Providence healthcare, Brown University, and RISD employment, combined with its own diverse commercial and small manufacturing base, makes it an attractive option for professional families and essential workers seeking more space at rents comparable to or slightly below Providence proper.
Get a rent estimate for an address in CranstonAverage Rent in Cranston, RI
$1,550
per month · 2026-06
Market Score
Key Facts — Cranston, RI Rental Market
- Average rent in Cranston, RI:$1,550/mo
- Median rent:$1,426/mo
- Rent range:$775 – $3,400/mo
- Most common rental (2 bedrooms):$1,375/mo
- Active listings:420
- Avg days to lease:29 days
- Year-over-year change:+3.5%
- Median home value:$330,000
- Est. gross annual yield:5.6%
- Data as of:2026-06
Rent by Bedroom in Cranston, RI
Average monthly rent for each bedroom type based on current active listings in Cranston.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $1,125/mo |
2 Bedrooms | $1,375/mo |
3 Bedrooms | $1,725/mo |
4 Bedrooms | $2,125/mo |
5 Bedrooms | $2,450/mo |
Cranston Rental Market Statistics
Key indicators from the current Cranston, RI rental market.
420
Available now in Cranston
29
From list to lease
$1.22
Average across listings
1,275 sq ft
Typical rental size
$775 – $3,400
Min to max active listings
+3.5%
Avg rent vs. prior year
Investing in Cranston, RI Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$330,000
Typical purchase price in Cranston
Est. Gross Annual Yield
5.6%
Before expenses & vacancy
Avg Monthly Income
$1,550
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Cranston for a full cash-flow breakdown including all costs.
Cranston, RI Rental Market FAQ
Common questions about renting and investing in Cranston, RI.
What is the average rent in Cranston, RI?
The average rent in Cranston, RI is $1,550 per month as of 2026. One-bedroom apartments average $1,125/mo, two-bedrooms average $1,375/mo, and three-bedroom homes average $1,725/mo. Cranston offers rents nearly identical to Providence for meaningfully larger units and more parking, making it a popular choice for healthcare workers and families employed in Providence who prefer a suburban environment.
Is Cranston, RI a good place to invest in rental property?
Cranston offers a 5.6% estimated gross annual yield with 3.5% year-over-year rent growth. The suburb's excellent position — adjacent to Providence's major employers while offering better parking and more spacious housing stock — attracts stable professional and working-class tenants. Median home values near $330,000 are accessible for the region, and Cranston's established neighborhoods provide quality older housing stock with high intrinsic character.
How competitive is the Cranston, RI rental market?
Cranston has approximately 420 active listings and averages 29 days on market. Demand is particularly strong for 3-bedroom single-family rentals among families who value Cranston's school system and suburban amenities while working in Providence. Properties near the Reservoir Avenue and Cranston Street corridors that border Providence see the fastest absorption from tenants who commute into the city.
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