Studio Apartments For Rent in Providence RI | Zillow (2024)

FAQs

Which is cheaper a studio apartment or an apartment? ›

While a lot of factors go into pricing a rental property. The two most important ones are location and how many bedrooms it has. The more bedrooms an apartment has, the more it usually costs. Generally, studio apartments are cheaper than one-bedroom apartments.

UTILITIES ARE CHEAPER

Studio apartments are a smart choice financially. Because your space is smaller, it will take less time and energy to heat and cool in the winter and summer. It will also take less light to illuminate your space and you will have less room to place electric-sucking gadgets around your apartment.

State officials estimate more than 97% of multifamily housing units were occupied last year. And an overcrowded rental market pushes up prices. HousingWorks RI estimates nearly half of all Rhode Island renters pay more than the 30% of their monthly income that experts recommend should go toward housing costs.

Providence, Rhode Island's cost of living is 13% higher than the national average.

Can you have a roommate in a studio apartment? In most cases, you can have a roommate in a studio apartment. Most occupancy standards state that two people per bedroom is acceptable, and a studio apartment is considered to be a self-contained unit with a bedroom.

How much should you save up for an apartment? As a general rule, you should have at least three times your rent saved before moving into a new apartment. That means that if you're looking to rent an apartment that's $1,200 per month, you should have at least $3,600 saved for rent.

The Helping Hand: In Rhode Island, landlords can raise rent by any amount, as there is no state-mandated limit on the amount of rent increase. However, they must provide proper notice and follow the terms of your lease agreement.

The Helping Hand: Given your situation, it's important to note that Rhode Island law does not specify frequency restrictions for rent increases nor does it limit the amount by which rent can be increased. However, landlords must follow the lease conditions and provide proper notice for rent increases.

While Rhode Island does not have statewide rent control, some individual cities have implemented forms of rent stabilization to provide tenants additional protections. The two most notable cities with rent control measures are Providence and New Shoreham.

Providence's total crime rate is 3,607 per 100,000 people. There is a 1 in 29 chance of being a victim of a crime in Providence. What are the worst areas of Providence? The most dangerous areas in Providence are the Olneyville, West End, and Lower South Providence neighborhoods.

What salary do you need to live comfortably in RI? ›

$29,400 is the 25th percentile. Salaries below this are outliers. $40,200 is the 75th percentile.

A studio apartment could be a perfect choice if you value simplicity, affordability, and a cozy space that's easy to maintain. However, if you prefer more space, privacy, and a clear separation between your living and sleeping areas, a one-bedroom apartment would be the way to go.

Summary. The average rent for a one-bedroom apartment in the US is $1,713. New York is the most expensive state to rent in at $2,552, and Wyoming is the cheapest at $608.

The main difference is that a studio flat has a single living space, with a separate bathroom, whereas a one bedroom flat has the bedroom in a separate room to the living area or lounge. Studio flats are usually smaller than one bedroom flats (but not always).

Whether you are buying or renting, it can make a lot of sense to opt for a studio over a one bedroom, especially when living solo. A studio is typically much less expensive and that can help you stretch your budget into a neighborhood or fully amenitized building where you wouldn't be able to afford a larger apartment.