Average Rent in Westerly-Hopkinton-New Shoreham, RI
The Fair Market Rent for a 2-bedroom in Westerly-Hopkinton-New Shoreham, RI is $1,721 per month, based on HUD data. With a median household income of $85,646, a household would spend 24.1% of income on housing at Fair Market Rent. Rent has increased 6.9% year over year. The national median 2BR FMR is $1,250/mo for comparison.
Fair Market Rent by Bedroom
| Size | Monthly FMR |
|---|---|
| Studio | $1,353 |
| 1 Bedroom | $1,362 |
| 2 Bedroom | $1,721 |
| 3 Bedroom | $2,146 |
| 4 Bedroom | $2,326 |
Affordability
| Metric | Value |
|---|---|
| Median Household Income | $85,646 |
| Rent Burden (2BR FMR / Income) | 24.1% |
| Income Needed for 2BR (30% rule) | $68,840/yr |