Providence, RI Airbnb Market Data, Statistics, and Occupancy Rates

Providence Short-Term Rental Market Overview

Providence presents an appealing entry point for short-term rental investors, with a current ROI score of 62 out of 100 — landing in the "Attractive Opportunity" range. The market's 473 active Airbnb listings generate an average annual revenue of $30,572, and above-average occupancy stability suggests reliable demand driven by the city's universities, healthcare institutions, and cultural scene. At an average daily rate of $198, Providence sits well below the Rhode Island state average of $547, making it accessible for guests while still delivering meaningful returns for hosts who dial in their pricing and property strategy.

Key Market Statistics

According to Rabbu market data, the Providence short-term rental market shows:

Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026.

Why Investors Consider Providence

Providence appeals to investors seeking a market with diversified demand sources, above-average occupancy stability, and property prices that still allow workable revenue-to-cost ratios.

Expert Market Assessment

"Providence earns its "Attractive Opportunity" designation through a combination of healthy demand fundamentals and a favorable revenue-to-property-value relationship. Seasonality is pronounced — August leads at $3,883 in average monthly revenue while January dips to $1,337 — but the roughly six-month peak window from May through October provides a solid foundation for annual cash flow. Investors targeting larger properties stand to benefit the most: 6+ bedroom listings average nearly $138,000 per year, though the supply of just 18 such listings hints at both opportunity and the operational complexity of managing bigger homes. The market's above-average growth trend is encouraging, yet the current 35% average occupancy rate (below the 50% state average) means pricing strategy and guest experience will be the differentiators between profitable and break-even operators."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Providence

Average revenue by month in Providence

Providence shows strong seasonality, with August peaking at $3,883 and January bottoming out at $1,337 — a nearly 3x spread that investors should plan around. The six-month stretch from May through October consistently delivers above-average revenue, giving well-managed properties a solid earning runway before winter softness sets in.

Active Airbnb listings by property size in Providence

One-bedroom units dominate Providence's supply at 217 listings (46% of the market), followed by 2-bedrooms at 109 and 3-bedrooms at 85. Larger properties — particularly 4-bedroom (20 listings) and 5-bedroom (6 listings) — are notably underrepresented, which could signal a supply gap worth exploiting given their significantly higher revenue potential.

Average daily rate (ADR) by property size in Providence

ADR scales sharply with size in Providence: studios and 1-bedrooms hover near $118–$119, while 4-bedrooms jump to $539 and 6+ bedrooms command $731 per night. The steepest premium-to-size jump occurs between 3-bedrooms ($234) and 4-bedrooms ($539), suggesting a meaningful pricing inflection point where larger group-friendly properties can charge significantly more.

Average RevPAN by property size in Providence

Revenue per available night climbs dramatically with property size, from $41–$43 for studios and 1-bedrooms to $288 for 6+ bedroom listings. Even 4-bedroom properties at $159 RevPAN deliver roughly 4x the per-night revenue of smaller units, making larger configurations the clear leaders in revenue efficiency despite slightly lower occupancy rates.

Average occupancy rates by property size in Providence

Occupancy rates are remarkably consistent across property sizes in Providence, ranging from 30% for 4-bedrooms to 40% for 6+ bedroom properties. This narrow band means cash-flow stability is relatively uniform regardless of unit size, though the slight occupancy edge for larger properties — combined with their much higher ADR — makes them particularly attractive from a total-revenue perspective.

Average monthly revenue by property size in Providence

Monthly revenue differences are substantial: 1-bedroom units average $1,753 per month while 6+ bedroom properties generate $11,498 — more than 6x the income. The jump from 3-bedrooms ($3,137) to 4-bedrooms ($5,043) marks a meaningful step up, reinforcing that investors willing to operate larger homes can capture disproportionate returns.

Average annual revenue by property size in Providence

Annual revenue ranges from $21,038 for 1-bedroom listings to $137,976 for 6+ bedroom properties, with 5-bedrooms at $87,777 and 4-bedrooms at $60,522 also standing out. Given that larger properties are scarce in Providence's supply, investors acquiring 4+ bedroom homes may benefit from both higher absolute revenue and less direct competition.

Most common amenities for Airbnb listings in Providence

Kitchen (93%) and parking (92%) are near-universal among Providence listings, signaling that guests expect both as baseline features. Self check-in at 85% and workspace at 69% reflect a market catering to independent travelers and remote workers, while lower adoption of premium amenities like pet-friendliness (32%) and backyard access (35%) could represent differentiation opportunities for new listings.

Understanding Providence's ROI Score: 62/100

Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.

How the ROI Score is Calculated

What This Means for Investors

Providence's ROI score of 62 out of 100 places it in the "Attractive Opportunity" band, reflecting a market where revenue potential aligns reasonably well with property costs. The score is bolstered by above-average occupancy stability and market growth trend, though the revenue-to-price ratio and supply/demand balance land at average — meaning investors will need to be strategic about property selection and operational execution to outperform the market-level numbers. Pairing these metrics with thorough local regulatory research and a clear understanding of seasonality will help investors make more confident decisions in Providence.

Short-Term Rental Regulations in Providence

Understanding local STR regulations is essential before investing in Providence. Here's the current regulatory landscape:

Permit Requirements

Providence, Rhode Island may require short-term rental operators to obtain a permit or register their property with the city before listing on platforms like Airbnb. Investors should verify current requirements directly with the City of Providence and the Rhode Island Department of Business Regulation before purchasing or operating an STR.

Key Restrictions

Common restrictions in markets like Providence can include occupancy limits, minimum stay requirements, noise and nuisance ordinances, parking mandates, and potential HOA or condominium association rules that may prohibit or limit short-term rentals. Some municipalities also impose caps on the number of STR permits issued in a given area, so confirming availability early in the due-diligence process is essential.

Tax Obligations

Short-term rental operators in Rhode Island are generally subject to state sales tax, a hotel tax, and potentially a local lodging tax. Many booking platforms collect and remit some of these taxes automatically, but hosts should confirm their full tax obligations with a qualified accountant familiar with Rhode Island's STR landscape.

Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Providence can provide current regulatory guidance.

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Providence is positioned for steady, if not dramatic, performance improvement. Above-average market growth trends and occupancy stability suggest ADR could edge up 2–4% as demand firms, particularly during the May-through-October peak window when monthly revenues consistently exceed $2,800. The listing count grew 95% year-over-year, so investors should monitor whether new supply begins to pressure occupancy — currently at 35% — though the market's demand drivers appear strong enough to absorb measured growth. Expect occupancy rates to hover around 33–38% across most property sizes, with larger homes capturing outsized revenue during events and summer travel."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Providence, RI

What is the average Airbnb occupancy rate in Providence?

The average occupancy rate for Airbnb listings in Providence is currently 35%, which falls below the Rhode Island state average of 50%. Occupancy varies by property size, ranging from 30% for 4-bedroom units to 40% for 6+ bedroom properties. While these figures may appear modest, above-average occupancy stability in the market means demand tends to be consistent rather than volatile, which is a positive signal for cash-flow planning.

How much do Airbnb hosts make in Providence?

On average, Airbnb hosts in Providence earn approximately $2,547 per month or $30,572 per year based on trailing 12-month data. Revenue varies significantly by property size — 1-bedroom units average around $21,038 annually, while 6+ bedroom properties can bring in roughly $137,976 per year. Peak summer months like July and August push monthly revenue above $3,800, while winter months like January may dip to around $1,337.

Is Providence a good market for Airbnb investment?

Providence scores 62 out of 100 on Rabbu's ROI Score, placing it in the "Attractive Opportunity" category. The market benefits from above-average occupancy stability and market growth trends, alongside a reasonable revenue-to-price ratio. With an average home value of $726,753 and annual revenue averaging $30,572, investors should carefully model their numbers — particularly for larger properties that generate substantially higher income. Pairing this data with local regulatory research and a strong pricing strategy will be key to maximizing returns.

What is the average daily rate (ADR) for Airbnb in Providence?

The average daily rate for Airbnb listings in Providence is $198, which is significantly lower than the $547 Rhode Island state average. ADR scales with property size: studios and 1-bedroom units average around $118–$119, while 6+ bedroom properties command an impressive $731 per night. This wide range means investors can target different price tiers depending on their property and target guest profile.

Are short-term rentals legal in Providence?

Short-term rentals do operate in Providence, with 473 active Airbnb listings currently in the market. However, local regulations may require permits, registration, or compliance with zoning restrictions. Investors should consult directly with the City of Providence and review any applicable Rhode Island state regulations before listing a property, as rules can change and enforcement practices may vary.

When is peak season for Airbnb in Providence?

Peak season in Providence runs from May through August, with the highest average monthly revenue hitting $3,883 in August and $3,853 in July. September and October remain strong at around $2,841–$2,884, making the broader May-to-October window the most productive period. Winter months (January and February) represent the low point, with average revenues dropping to $1,337–$1,380.

How many Airbnbs are there in Providence?

As of April 2026, there are 473 active Airbnb listings in Providence. The market has seen significant growth, with a 95% year-over-year increase in active listings. One-bedroom units make up the largest share of supply at 217 listings, followed by 2-bedrooms (109) and 3-bedrooms (85), while larger properties with 4+ bedrooms remain relatively scarce.

How is Airbnb revenue calculated in Providence?

The annual and monthly revenue figures for Providence are derived from the trailing 12 months of historical booking performance for active comparable Airbnb listings in the market — they are not forward-looking projections. We average each comparable listing's actual revenue per available night (RevPAN) by month over the past year, remove regional outliers, and roll the remainder up to a market-level historical average. This approach anchors the figures to what hosts have actually earned recently, while naturally reflecting seasonal peaks and slower months because each month uses its own historical performance data. Individual results can vary based on property quality, pricing strategy, and operational management.

About Rabbu Market Data

Rabbu provides Airbnb and short-term rental market data and statistics across the United States. Our mission is to empower investors with accurate insights and easy-to-use tools, so they can confidently identify and act on the best opportunities in the Airbnb market.

What this data includes

• Regularly updated active Airbnb and STR listing counts by market and property size
• Average daily rate, occupancy, and RevPAN trends across bedroom configurations
• Monthly and annual revenue benchmarks based on trailing 12-month booking data
• Property value estimates sourced from the Zillow Home Value Index (ZHVI)
• Amenity prevalence data across active listings to inform property setup decisions

Sources and disclaimers

Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026. Revenue projections are estimates based on comparable properties and do not guarantee future performance. Data reflects trailing 12-month averages and current snapshots, which may not capture very recent market shifts. Local regulations, tax requirements, and permit availability can change; always verify with municipal authorities before investing.