Rhode Island (RI)
STATESAFMRState Median Investment Score
71Below average
| BR | Rent | 3Y CAGR |
|---|---|---|
| 0 BR | $1,423▲ | 3.4% |
| 1 BR | $1,509▲ | 2.6% |
| 2 BR | $1,879▲ | 3.5% |
| 3 BR | $2,302▲ | 4.0% |
| 4 BR | $2,615▲ | 1.0% |
Market Alignment
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is above market; underwrite to market rent.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is above market; underwrite to market rent.
FMR is above market; underwrite to market rent.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is above market; underwrite to market rent.
FMR is above market; underwrite to market rent.
FMR is above market; underwrite to market rent.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is above market; underwrite to market rent.
FMR is above market; underwrite to market rent.
FMR is above market; underwrite to market rent.
FMR is above market; underwrite to market rent.
Bedroom curve
Counties
Ranked by Investment Score (vs state median)
County map
Rhode Island fair market rent by county, FY 2027
HUD's FY 2027 fair market rents cover 5 counties in Rhode Island. The median county two-bedroom FMR is $1,879. That is up 8.7% from $1,729 in FY 2026. One HUD metropolitan FMR area covers all 5 counties; each county in the same metro area shares one FMR. No area in Rhode Island is required to use Small Area FMRs.
Two-bedroom FMR by county
| County | 2BR | Change | HUD FMR area |
|---|---|---|---|
| Bristol County | $1,879 | +8.7% | Providence-Fall River, RI-MA HUD Metro FMR Area |
| Kent County | $1,879 | +8.7% | Providence-Fall River, RI-MA HUD Metro FMR Area |
| Newport County | $1,879 | +8.7% | Providence-Fall River, RI-MA HUD Metro FMR Area |
| Providence County | $1,879 | +8.7% | Providence-Fall River, RI-MA HUD Metro FMR Area |
| Washington County | $1,879 | +8.7% | Providence-Fall River, RI-MA HUD Metro FMR Area |
Questions about Rhode Island rents
What is the fair market rent in Rhode Island?
HUD sets fair market rents by metro area and county, not statewide. For FY 2027 the median county two-bedroom FMR in Rhode Island is $1,879. Look up the county or ZIP code to see the value that applies to a specific property.
Which Rhode Island counties have the highest fair market rent?
None. For FY 2027 every county in Rhode Island has the same two-bedroom FMR, $1,879.
Does Rhode Island use Small Area Fair Market Rents?
No area in Rhode Island is required to use them. Housing authorities use the metro or county FMR unless they choose to adopt Small Area FMRs.
Source: HUD FY 2027 Fair Market Rents. Change compares each county's two-bedroom FMR with FY 2026.
Data source: U.S. Department of Housing and Urban Development (HUD)
Fiscal Year 2027