Apartments house close to 40% of the population in Rhode Island. They are in the form of multi-level building, converted houses and warehouses, condos, townhouses and hi-rises in Providence. Statewide rent averages $576. In other cities, like Providence, the average rent is $447 and in Barrington, it is $650. Luxury units on the waterfront are much higher and in demand during the summer months. College campuses utilize much of the apartments in local towns, making them high in demand and higher in price.