$1,700 Per Month
- 2 Beds
- 1 Bath
- 775 Sq Ft
- Apartment for Rent
74 Hawes St Unit 2, Central Falls, RI 02863
74 Hawes St Unit 2, Central Falls, RI 02863
Frequently Asked Questions
How much does it cost to rent a home in Central Falls, RI?
The median rent for a home in Central Falls, RI is $1,825 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Central Falls, RI?
To comfortably afford the median rent in Central Falls, RI, a household needs to earn roughly $73,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,825 per month in Central Falls, RI, renters typically need to show $5,475 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Central Falls, RI?
In Central Falls, RI, the price-to-rent ratio is 17.4, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Central Falls, RI are best for renting a home?
The best neighborhood for renting in Central Falls, RI depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Valley Falls, Downtown Pawtucket, Pleasant View, Woodlawn and Quality Hill, each with its own character and price range.
