Providence, Rhode Island Short Term Rental Regulations
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Reviewed by Derick Hargrave
Last updated September 03, 2023
Providence Short-Term Rental Regulations
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Short Term City Rating7.0
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Competition
9.3 -
Real Estate Cost
7.0 -
STR Regulations
N/A -
Seasonality
8.0 -
Rental Rates
3.5
Providence, Rhode Island Quick Stats
Short-term rentals have gained a lot of traction in the last few years. The trends and statistics of this sector are constantly changing, and having access to accurate data is essential for making sound investment decisions.
- Population
- 190,934
- STR License Required
- No
- Tourist Season
- May to September
- County
- Providence
- Airports
- T.F. Green Airport (PVD)
- Boston Logan International Airport (BOS)
Want to learn more about Providence?
Hostscouts has you covered. Our guides for this city cover topics that can help you research cities across the US quickly and easily.
Check out our Providence rental analytics guide if you're interested in data on the Providence rental market.
Review the popular activities that hosts include in their property positing in Providence.
The most popular local and regional landmarks hosts usually include in their Airbnb or Vrbo property listings.
Explore nightly rates that hosts list their properties and the average fees for pets and additional guests.
What are the most popular property sizes for rent? Research whether a 1, 2, or 3 bedroom best fits Providence guests.
Interested in other Rhode Island cities?
Check out the Rhode Island Airbnb rules directory
What makes Providence a great place to invest?
- Diverse Tourist Attractions: Providence is home to a wide array of attractions that draw visitors year-round. From the historic Benefit Street, lined with well-preserved colonial homes, to the Roger Williams Park Zoo, one of the oldest zoos in the country, there is something for everyone. This consistent influx of tourists creates a steady demand for short-term rentals.
- Renowned Educational Institutions: The city is home to several prestigious colleges and universities, including Brown University and the Rhode Island School of Design (RISD). These institutions attract students, visiting faculty, and parents from all over the world, creating a constant need for short-term accommodation.
- Vibrant Culinary Scene: Providence boasts a dynamic food scene with a plethora of restaurants, food trucks, and farmers' markets offering a wide variety of cuisines. Food enthusiasts and culinary tourists often visit the city to indulge in its gastronomic delights, contributing to the demand for short-term rentals.
- Accessible Transportation: Providence is well-connected with an efficient public transportation system, and is conveniently located between Boston and New York, two major cities in the Northeast. Its accessibility makes it an attractive destination for weekend getaways and business trips, thereby increasing the demand for short-term rentals.
- Beautiful Natural Surroundings: Providence is surrounded by beautiful natural landscapes, including beaches, hiking trails, and parks. Visitors often come to the city to explore its natural beauty, participate in outdoor activities, and escape the hustle and bustle of urban life. This influx of nature enthusiasts contributes to the demand for short-term rentals.
Providence Nearby Cities
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22 miles away
- Rating: 6.8
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23 miles away
- Rating: 5.4
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Local Real Estate
How expensive is the real estate in Providence?
The cost of real estate can vary widely depending on the location, size, and features of the property, as well as market conditions. The median home value in Providence has increased 12% over the past year, and the average price per square foot is $194, which is lower than the national average.
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Median Sale Price
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$400,619
12% YoY
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Median per Square Foot
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$194
22% YoY
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Average Monthly Rent
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$1,900
4% YoY
The most common terms hosts include in their listings for Providence, Rhode Island
Common terms for Providence short term rental listings.
When potential guests are scrolling through listings on Airbnb, they’re looking for certain essential information to help them decide if your property is the right fit for their needs. As a host, ensuring that your listing includes all the relevant information that guests will be looking for is vital.
Some of the must-have elements of a property description include:
- Location: Guests will want to know where your property is located in relation to popular attractions, public transportation, and other points of interest.
- Amenities: What amenities does your property offer? Be sure to list all features guests can access, such as a pool, hot tub, parking, etc.
- Informative: The average listing in Providence has a description approximately 1,411 words long. Make sure yours is long enough to describe your property but doesn't require your potential guest to read a novel.
After reviewing more than 276 listings in Providence, we've consolidated the most common terms on the word cloud. The larger text represents a term that is used more often. The top ten mentioned terms are Providence, Work, Federal Hill, Place, Comfortable, Spacious, Stocked, Perfect, Smart, and Basement.
What are the most popular tourist activities in Providence?
Whether renting a house, an apartment, or a room, you should include popular tourist activities in your posting. The most common choices mentioned on property listings in Providence involve going to the Zoo, the Health Spa, Museums, Cycling, and the City Centre. When you write your listing, have a section with recommended activities near the property to give your guests an idea of what is available.
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Zoo
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Health Spa
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Museums
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Cycling
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City Centre
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Water Sports
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Swimming
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Kayaking
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Boating
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Wildlife Viewing
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Rural
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Hiking
Local Attractions
What attractions do hosts highlight to guests?
There are quite a few popular attractions in Providence, including Brown University, Roger Williams Park Zoo, Twin River Casino, Rhode Island Convention Center, and Dunkin' Donuts Center. Below we've included the most popular local and regional landmarks hosts usually include in their Airbnb or Vrbo property listings. Many hosts like to show off lesser-known regional landmarks visitors might not have heard of.
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Well Known Attraction
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Roger Williams Park Zoo
Included on most listings
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Well Known Attraction
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Brown University
Included on most listings
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Well Known Attraction
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Twin River Casino
Included on most listings
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Well Known Attraction
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Rhode Island Convention Center
Included on most listings
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Regional Landmark
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Dunkin' Donuts Center
Included on most listings
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Regional Landmark
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Providence College
Included on most listings
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Regional Landmark
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Rhode Island School of Design
Included on most listings
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Regional Landmark
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Rhode Island Hospital
Included on most listings
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Regional Landmark
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Veterans Memorial Auditorium
Included on most listings
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Regional Landmark
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Rhode Island State Capitol Building
Included on most listings
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Regional Landmark
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Providence Performing Arts Center
Included on 91% of listings
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Regional Landmark
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Providence Place Mall
Included on 91% of listings
What’s the weather like in Providence, Rhode Island?
The weather is generally milder than the national average, with an average high temperature of around 60°, while the average low is about 43°. The rainfall is much heavier, averaging about 38 inches per year, compared to the national average of about 27 inches. Snowfall can be rather heavy, averaging less than 28 inches per year. The humidity levels in Providence are generally lower than the national average, and the city tends to be a bit cloudy for most of the year.
Winter
December through February
25° Low 39° High
Spring
March through May
41° Low 58° High
Summer
June through August
62° Low 80° High
Fall
September through November
46° Low 62° High
Cities Near Providence
Providence, Rhode Island, is located in Providence County. Some cities that are located nearby include:
