FY2027 Small Area FMR · Providence, RI

ZIP 02904 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 02904 (Providence, RI) is $1,910 a month, up 9.8% from FY2026. That is 2% above the Providence-Fall River, RI-MA area-wide FMR of $1,879.

2-bedroom SAFMR$1,910per month ▲ 9.8%

Area-wide 2 BR FMR$1,879Providence-Fall River, RI-MA

Rank in the area58thof 102 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,719

2 BR Small Area FMR$1,910

110% of SAFMR$2,101

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,450▲ 9.0%

1 BR$1,530▲ 8.5%

2 BR$1,910▲ 9.8%

3 BR$2,340▲ 11.4%

4 BR$2,660▲ 6.4%

FY2027 FY2026

Where 02904 sits in the Providence-Fall River, RI-MA area

Of the 102 ZIP codes HUD lists for the area, 02904 has the 58th highest two-bedroom Small Area FMR. Providence-Fall River, RI-MA is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,879 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,910 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,450	$1,305 – $1,595	$1,423	$1,330
1 bedroom	$1,530	$1,377 – $1,683	$1,509	$1,410
2 bedrooms	$1,910	$1,719 – $2,101	$1,879	$1,740
3 bedrooms	$2,340	$2,106 – $2,574	$2,302	$2,100
4 bedrooms	$2,660	$2,394 – $2,926	$2,615	$2,500

A household renting a two-bedroom home at the Small Area FMR of $1,910 needs about $76,400 a year to keep housing costs at 30% of income. The area median family income is $112,100 and the 80% low-income limit for four people is $89,700. ZIP code 02904 lies mainly in Providence County. See the Providence-Fall River, RI-MA metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
02918	Providence	1.2 mi	$1,850
02908	Providence	1.3 mi	$1,850
02911	North Providence	1.9 mi	$2,140
02860	Pawtucket	2.6 mi	$1,720
02906	Providence	2.7 mi	$2,500
02909	Providence	2.7 mi	$1,940

Questions

What is the Fair Market Rent for ZIP code 02904?

HUD's FY2027 Small Area Fair Market Rents for 02904 are $1,450 (studio), $1,530 (1 BR), $1,910 (2 BR), $2,340 (3 BR) and $2,660 (4 BR) a month.

What is the Section 8 payment standard in 02904?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 02904 that range is $1,719 to $2,101 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 02904?

The FY2026 income limits of the Providence-Fall River, RI-MA area apply: median family income $112,100, low-income (80%) limit $89,700 for a family of four.