Property prices for rent in Rhode Island region

The price per sq.feet in Rhode Island has risen in the last 6 months. During November, the average price per sq.feet was $2.24. In December the price barely changed remaining at $2.33 per sq.feet. The following two months (January, February) went through a rise of 111 % in the rent price per sq.feet rising from $2.29 to $2.54 per sq.feet. In the last two months, the price per sq.feet has risen 109 %. This has been obtained by comparing the price $2.41 for the first four months of the sample with regard to the previous 4 months and the price $2.63 per sq.feet for the last two months (March, April).

When referring to the price in Rhode Island(region), this has risen considerably in the last 6 months. In the first month sample for November the average price is $2,273. During December it went through a strong rise reaching $2,722 The average price for the following two months (January, February) rose from $2,497.5 to $2,732. During the last two months the average price has not gone through any changes and has gone from $2,614.75 to $2,714 during March and April.

The graph displaying the the average rent price per number of bedrooms shows that those with 1 bedroom are the most affordable ones. They are 18 % cheaper than the average price in Rhode Island followed by those with 2 with an average price of $2,815. The most expensive properties have 4 bedrooms. They are 219 % more expensive than the average followed by those properties with 3 bedrooms priced at $3,659.

Based on the average price per sq.feet those properties with 2 bedrooms are the most affordable ones with a price of $2.61 / sq.feet being $2.72 / sq.feet the average for Rhode Island. The properties with the highest average price are those with 4 bedrooms. These are 32 % more expensive than the average followed by those with 1 bedroom with a price of $3.19 / sq.feet.

The graph displaying the average rent price according to the property type shows "" as the most affordable one. With an average cost of $2,695 it is 63 % cheaper than the average in Rhode Island. This is followed by "Townhouse" with a cost of $1,721. The most expensive property type is "Apartment" and is 109 % more costly than the average, followed by "Condo" with a cost of $4,508.

Based upon the average cost per sq.feet the most affordable property type is "Apartment with a an average price of $2 / sq.feet, followed by "House" with a price of $2.79 / sq.feet. "Townhouse" with an average price of $29 / sq.feet is the most expensive type of property followed by "Land" at a price of $3.44 / sq.feet.