1

Studio Apartment for Rent in Westerly, RI

Section Image
  • /9

    $1,000 Plus Fees

    • Studio
    • 1 Bath
    • Condo for Rent

    38 W Broad St, Stonington, CT 06379

    Property Id: 2743243 Available for immediate occupancy. Building located right in downtown Pawcatuck. Offering discounts to EB and Navy employees. River view unit. New paint. Updated bathroom. Water, sewer, garbage included with rent. Off-street parking available. Laundry room on-site. No pets allowed. 2 months deposit is required.

    38 W Broad St, Stonington, CT 06379

Why Live in Westerly

Westerly, Rhode Island, is a small town with a coastal resort-style atmosphere located on the Block Island Sound. With a population of just over 23,000, the town's numbers swell during the summer months. Westerly has a rich history, having been a shipbuilding center and a granite mining town, and was originally inhabited by the Niantic Native Americans. The town features a mix of home styles, including inland ranch-style homes, Cape Cod cottages, and saltbox-style beach houses with private waterfronts. The median price for single-family homes has seen a significant increase, reflecting the high demand from buyers, including notable residents like Taylor Swift. Westerly offers numerous attractions, such as sandy beaches, the historic Atlantic Beach Park with its early-20th-century carousel, and the Misquamicut Drive-In Theater. Golf enthusiasts can enjoy the Weekapaug Golf Club and Winnapaug Country Club. The town's historic downtown is a cultural hub with restaurants, boutique shops, and theaters like The United and the Granite Theatre. Westerly Public Schools are undergoing construction, with new and renovated buildings expected in the coming years, and Pine Point School in nearby Connecticut is highly rated. The town is connected by Interstate 95, providing easy access to Providence and Connecticut, and offers train and bus services. Despite its coastal charm, Westerly experiences seasonal flooding and snowy winters.

Frequently Asked Questions

How much does it cost to rent a home in Westerly, RI?
The median rent for a home in Westerly, RI is $2,450 per month, though prices vary by neighborhood, size, and property type. As of July 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 Westerly, RI?
To comfortably afford the median rent in Westerly, RI, a household needs to earn roughly $98,000 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 $2,450 per month in Westerly, RI, renters typically need to show $7,350 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 Westerly, RI?
In Westerly, RI, the price-to-rent ratio is 20.7, 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.

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$2,450
Median Single Family Home Rent
$2,300
Median Townhouse Rent
$1,925
Median Condo Rent
$1,850
How to Rent a Home