FY2027 Small Area FMR · Riverside, RI

ZIP 02915 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 02915 (Riverside, RI) is $2,190 a month, up 11.7% from FY2026. That is 17% above the Providence-Fall River, RI-MA area-wide FMR of $1,879.

2-bedroom SAFMR$2,190per month ▲ 11.7%

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

Rank in the area20thof 102 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,971

2 BR Small Area FMR$2,190

110% of SAFMR$2,409

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

Studio$1,660▲ 11.4%

1 BR$1,760▲ 10.7%

2 BR$2,190▲ 11.7%

3 BR$2,680▲ 13.1%

4 BR$3,050▲ 8.5%

FY2027 FY2026

Where 02915 sits in the Providence-Fall River, RI-MA area

Of the 102 ZIP codes HUD lists for the area, 02915 has the 20th 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 $2,190 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	$1,660	$1,494 – $1,826	$1,423	$1,490
1 bedroom	$1,760	$1,584 – $1,936	$1,509	$1,590
2 bedrooms	$2,190	$1,971 – $2,409	$1,879	$1,960
3 bedrooms	$2,680	$2,412 – $2,948	$2,302	$2,370
4 bedrooms	$3,050	$2,745 – $3,355	$2,615	$2,810

A household renting a two-bedroom home at the Small Area FMR of $2,190 needs about $87,600 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 02915 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
02905	Providence	2.3 mi	$1,810
02914	East Providence	3.0 mi	$1,920
02806	Barrington	3.0 mi	$2,560
02888	Warwick	3.2 mi	$1,760
02907	Providence	4.0 mi	$1,730
02910	Cranston	4.2 mi	$1,940

Questions

What is the Fair Market Rent for ZIP code 02915?

HUD's FY2027 Small Area Fair Market Rents for 02915 are $1,660 (studio), $1,760 (1 BR), $2,190 (2 BR), $2,680 (3 BR) and $3,050 (4 BR) a month.

What is the Section 8 payment standard in 02915?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 02915 that range is $1,971 to $2,409 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 02915?

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.