Warwick, RI Rental Market
Warwick is Rhode Island's second-largest city and home to T.F. Green International Airport, making it a key logistics and hospitality employment hub in the state. Its extensive coastline along Narragansett Bay adds seasonal and year-round appeal for tenants seeking waterfront access, while excellent highway connectivity to Providence and Boston via I-95 makes Warwick one of the most commuter-accessible suburbs in southern New England. The city's diverse economy — spanning aviation, healthcare, retail, and hospitality — supports broad rental demand.
Get a rent estimate for an address in WarwickAverage Rent in Warwick, RI
$1,600
per month · 2026-06
Market Score
Key Facts — Warwick, RI Rental Market
- Average rent in Warwick, RI:$1,600/mo
- Median rent:$1,472/mo
- Rent range:$800 – $3,500/mo
- Most common rental (2 bedrooms):$1,400/mo
- Active listings:380
- Avg days to lease:28 days
- Year-over-year change:+3.5%
- Median home value:$345,000
- Est. gross annual yield:5.6%
- Data as of:2026-06
Rent by Bedroom in Warwick, RI
Average monthly rent for each bedroom type based on current active listings in Warwick.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $1,150/mo |
2 Bedrooms | $1,400/mo |
3 Bedrooms | $1,800/mo |
4 Bedrooms | $2,200/mo |
5 Bedrooms | $2,525/mo |
Warwick Rental Market Statistics
Key indicators from the current Warwick, RI rental market.
380
Available now in Warwick
28
From list to lease
$1.23
Average across listings
1,300 sq ft
Typical rental size
$800 – $3,500
Min to max active listings
+3.5%
Avg rent vs. prior year
Investing in Warwick, RI Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$345,000
Typical purchase price in Warwick
Est. Gross Annual Yield
5.6%
Before expenses & vacancy
Avg Monthly Income
$1,600
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 Warwick for a full cash-flow breakdown including all costs.
Warwick, RI Rental Market FAQ
Common questions about renting and investing in Warwick, RI.
What is the average rent in Warwick, RI?
The average rent in Warwick, RI is $1,600 per month as of 2026. One-bedroom apartments average $1,150/mo, two-bedrooms average $1,400/mo, and three-bedroom homes average $1,800/mo. Neighborhoods near T.F. Green Airport attract aviation and logistics workers, while waterfront areas along Greenwich Bay and Apponaug Cove command premiums among tenants who value Narragansett Bay access.
Is Warwick, RI a good place to invest in rental property?
Warwick offers a 5.6% estimated gross annual yield with 3.5% year-over-year rent growth. T.F. Green Airport employment, healthcare sector jobs at Kent Hospital, and I-95 access to Providence and Boston employment create a diverse tenant base spanning blue-collar aviation workers and professional commuters. Median home values near $345,000 are elevated but reflect Warwick's superior highway connectivity and waterfront amenities.
How competitive is the Warwick, RI rental market?
Warwick has approximately 380 active listings and averages 28 days on market. T.F. Green Airport and the nearby Showcase Cinemas/Walmart retail corridor generate steady blue-collar and service employment demand, while I-95 commuters to Providence drive professional tenant demand throughout the year. Waterfront properties near Greenwich Bay and Pontiac Cove lease fastest, often to tenants willing to pay a meaningful premium for bay access.
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