The average rent price in the Rhode Island region has had a slight rise in recent months. There has been a rise in the rent prices in this region.
The price per sq.feet in Rhode Island has risen in the last 6 months. During March, the average price per sq.feet was $1.79. The following month (April) the price rose to $2 per sq.feet. The price per sq.feet for the following two months barely changed going from $1.89 to $1.92 per sq.feet. In the last two months, the price per sq.feet has had a significant rise of 116 %. This has been obtained by comparing the price of $1.91 for the first four months of the sample with regard to the previous 4 months and the price of $2.21 per sq.feet for the last two months (July, August).
When referring to the price in Rhode Island(region), this has risen in the last 6 months. The average rent price in March is $1,708. In April the price rose to $1,823. In the following two months the average price practically remained the same compared to the previous two going from $1,765.5 to $1,697. During the last two months the price has gone up 109 % compared to the previous average values going from $1,731.25 a $1,880 in July y August.
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 15 % cheaper than the average price in Rhode Island followed by those with 2 with an average price of $1,774. The most expensive properties have 4 bedrooms. They are 61 % more expensive than the average followed by those properties with 3 bedrooms priced at $1,995.
Based on the average price per sq.feet those properties with 3 bedrooms are the most affordable ones with a price of $1.39 / sq.feet being $2.42 / sq.feet the average for Rhode Island. The properties with the highest average price are those with 4 bedrooms. These are 45 % more expensive than the average followed by those with 1 bedroom with a price of $2.65 / 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 $2,004 it is 48 % cheaper than the average in Rhode Island. This is followed by "House" with a cost of $1,639. The most affordable property type is "Land" and is 2 % cheaper than the average, followed by "Condo" with a cost of $1,925.
Based upon the average cost per sq.feet the most affordable property type is "Commercial with a an average price of $1.43 / sq.feet, followed by "Condo" with a price of $1.85 / sq.feet. "Townhouse" with an average price of $58 / sq.feet is the most expensive type of property followed by "Land" at a price of $14.56 / sq.feet.