Apartments for rent in Rhode Island cost near the national average. The price of a studio averages $987 per month, which is $38 below the national average. The price of a one-bedroom averages $946 per month, which is $75 above the national average. The reason that studio apartments for rent in Rhode Island cost more than one-bedrooms is that a lot more studios tend to be rented in high-priced areas, whereas in lower-rent areas the smallest apartments you're likely to find are one-bedrooms.

Larger Rhode Island apartment rentals are below the national average. The price of a two-bedroom averages $1095 per month, which is $39 above the national average. The price of a three-bedroom averages $1315 per month, which is $30 below the national average.

If you're searching for an Rhode Island apartment rental you should know that the trends vary depending on which city or county you're looking at. The most expensive Rhode Island apartments for rent are in Providence, Newport, and Warwick. The lowest rent apartments in Rhode Island are in Pawtucket, Woonsocket, and West Warwick.

Economy:
Despite diversifying into a more service-based economy, Rhode Island still makes many of the products that supported it throughout the 20th century. The state's manufacturing industry produces jewelry and silver, textiles, fabricated metals, and plastic and rubber products. But healthcare, government and services provide the most jobs overall. There is also a corporate presence from financial firms such as Citizens Financial Group, which is headquartered in Providence.

Noteworthy:
State taxes in Rhodes Island are notoriously high even for New England, which is known for having higher tax rates.