Short Term Rental Management in Providence, Rhode Island

Short Term Rental Management in Providence

Awning offers full-service vacation rental property management for busy vacation rental owners and Airbnb hosts in Providence, Rhode Island. Starts at 15% of revenue.

Best Airbnb Management in Providence, Rhode Island

Awning offers local Airbnb management for short-term rental owners. Get management starting at 10%.

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Providence, Rhode Island

Providence, Rhode Island's vibrant capital city, seamlessly blends historic charm with modern innovation, making it an increasingly attractive destination for short-term rental investments. This compact yet culturally rich city boasts a thriving arts scene anchored by prestigious institutions like Brown University and RISD, creating consistent demand from visiting academics, students' families, and culture enthusiasts. The city's strategic location between Boston and New York, combined with its walkable downtown, restored Victorian architecture, and acclaimed culinary scene, attracts both leisure travelers and business visitors year-round. Providence's ongoing urban revitalization efforts, including the transformation of former industrial areas into trendy neighborhoods, continue to enhance its appeal as a destination that offers big-city amenities with small-town accessibility.

Providence experiences strong seasonal demand with peak occupancy during summer months (June-August) when tourism to Newport mansions and coastal areas drives bookings. Fall foliage season (September-October) creates a secondary peak, while winter months see reduced demand except during Brown University events and holiday periods. Spring offers moderate demand with rising bookings from April onwards. The market benefits from consistent business travel and university-related bookings throughout the academic year, with average daily rates remaining robust at around $201 per night according to recent market data.

Entire dwelling STRs require a temporary use permit, renewed annually; owner-occupied room rentals are exempt from permitting.

Managing an Airbnb in Providence can be challenging due to the various regulations, maintenance and cleaning requirements, and guest communication. A professional Airbnb management company can assist with tasks such as listing optimization, pricing strategy, guest communication, and 24/7 support. They can also ensure compliance with city regulations, handle maintenance and cleaning, and provide local insights and recommendations to enhance the guest experience.

The most sought-after amenities for Airbnb guests in Providence include free parking, air conditioning, Wi-Fi, and kitchen facilities. Popular locations include Downtown Providence, College Hill, and Federal Hill, which offer easy access to attractions, restaurants, and nightlife. Waterfront properties are also highly desirable, as they offer stunning views of the Providence River and access to activities such as kayaking and boat tours.

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Market overview
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Airbnb seasonality
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Short-term rental regulations
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Airbnb property management
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Locations and amenities
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Providence, Rhode Island

Providence, Rhode Island's vibrant capital city, seamlessly blends historic charm with modern innovation, making it an increasingly attractive destination for short-term rental investments. This compact yet culturally rich city boasts a thriving arts scene anchored by prestigious institutions like Brown University and RISD, creating consistent demand from visiting academics, students' families, and culture enthusiasts. The city's strategic location between Boston and New York, combined with its walkable downtown, restored Victorian architecture, and acclaimed culinary scene, attracts both leisure travelers and business visitors year-round. Providence's ongoing urban revitalization efforts, including the transformation of former industrial areas into trendy neighborhoods, continue to enhance its appeal as a destination that offers big-city amenities with small-town accessibility.

Rental Seasonality

Providence experiences strong seasonal demand with peak occupancy during summer months (June-August) when tourism to Newport mansions and coastal areas drives bookings. Fall foliage season (September-October) creates a secondary peak, while winter months see reduced demand except during Brown University events and holiday periods. Spring offers moderate demand with rising bookings from April onwards. The market benefits from consistent business travel and university-related bookings throughout the academic year, with average daily rates remaining robust at around $201 per night according to recent market data.

Top Neighborhoods & Attractions

Federal Hill stands out as Providence's authentic Italian-American neighborhood, famous for its traditional restaurants, specialty food shops, and the annual Federal Hill Stroll, making it ideal for food-focused travelers. The Historic Hill neighborhood offers visitors proximity to Brown University and RISD campuses, with beautiful Victorian homes and easy access to Thayer Street's shops and restaurants. Downtown Providence centers around Westminster Street and the Arts & Entertainment District, featuring the Trinity Repertory Company, numerous galleries, and the popular WaterFire installations along the downtown rivers. The Jewelry District attracts visitors with its mix of converted loft spaces, proximity to major medical institutions, and easy access to both downtown attractions and the scenic India Point Park along the waterfront.

Average Daily Rate

$214

Average Occupancy Rate

59%

Property Management Fees

15% to 30%

Average Annual Revenue

$33,604

Taxes & Regulations in Providence, Rhode Island

Short Term Rental Regulations

Entire dwelling STRs require a temporary use permit, renewed annually; owner-occupied room rentals are exempt from permitting.

Taxes

STRs must be registered with the Rhode Island Dept. of Business Regulation, and non-compliance can result in fines (e.g. $250–$500).

Ease of Regulation

Moderate to Restrictive | Whole-unit STRs need a Temporary Use Permit and are limited in many residential zones (owner-occupied favored).

Types of Short Term Rental Properties in Providence, Rhode Island

Providence's short-term rental market features predominantly historic brownstones and Victorian homes converted into apartments and condos, particularly in the Federal Hill and Armory districts. The market includes modern downtown condominiums near the financial district, family homes in residential neighborhoods like The Hill and Smith Hill, and luxury properties in historic areas. University-area properties cater to visiting families and academics, while waterfront and near-waterfront properties command premium rates. The 1,503 active listings span from budget-friendly studio apartments to upscale multi-bedroom historic homes, with many properties featuring period architecture and modern amenities.

Bedrooms
Average daily rate
1 bed

$132.00

2 bed

$212.00

3 bed

$310.00

4+ bed

$615.00

Why choose Awning

We have an experienced team and a suite of technology dedicated to providing the best service possible.

Awning logo
Other property managers
Cost
Starting at 10%
25-40%
Host communications
Dedicated phone and text line with no time on hold
Chat bots, hold lines and email threads
Insurance
Robust liability and dwelling coverage for every reservation
Spotty coverage with low claim approval rates
Contract
Pricing
Communication
Management
Maintenance
Reporting
Value

No cancellation fees
No contract lock-in
Just 90 days notice to cancel

Annual contracts with cancellation penalties

Awning logo
Other
Cost
Starts at 5%
25-40%
Host communications
Dedicated phone and text line with no time on hold
Chat bots, hold lines and email threads
Insurance
Robust liability and dwelling coverage for every reservation
Spotty coverage with low claim approval rates
Average guest rating

No cancellation fees
No contract lock-in
Just 90 days notice to cancel

Annual contracts with cancellation penalties

Experience in numbers

Rest well knowing your property is managed by an experienced team powered by world-class technology.

+10-30%

in gross revenue

4.8 stars

guest rating

5+ years

managing STRs

What you get with Awning in Providence, Rhode Island

Taking care of your home

Awning’s team ensures your home is maintained and stocked well and always ready for its next booking.

Making guests happy

With an always available operations and support team, we’re available to take the 2am call about the toilet to make your guest happy.

Attract the most guests

We use our data and best practices to ensure your listing performs as well as possible and makes you the most money.

Unlock your home’s potential

Schedule a call to learn more about Awning’s Short Term Rental Property Management Service.

Connect with a property manager

Get in touch about full-service vacation rental management.

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FAQ

What is vacation rental management?

Vacation rental management is the full operation of a short-term rental property, including listing optimization, booking coordination, guest communication, cleaning, and maintenance to maximize revenue and satisfaction. It’s ideal for owners who want a hands-off income stream. Learn how it works with Awning’s vacation rental management services.

How does Airbnb management work?

Airbnb management covers optimizing your listing, managing bookings and calendars, messaging guests, coordinating cleaning and repairs, and adjusting pricing to drive revenue. A professional manager handles these tasks so owners can stay passive.

What are the benefits of hiring a professional Airbnb manager?

Professional Airbnb managers handle everything from guest inquiries and pricing to maintenance and compliance, resulting in higher efficiency, more consistent occupancy, and better reviews—even while you focus on other priorities. Explore more at Awning’s owner resources.

What is full-service vs half-service vacation rental management?

Full-service management covers everything from listing creation and pricing to guest support, cleaning, and maintenance. Half-service plans handle fewer operational tasks, often leaving cleaning and guest messaging to the owner. See full-service benefits.

Are there restrictions on personal use for properties under Awning management?

Owners can block dates on the calendar for personal use as long as it doesn’t conflict with existing bookings. Discuss your calendar preferences directly with your Awning advisor. Start with Awning contact & advisor scheduling.

How much are Awning property management fees?

Awning’s full-service vacation rental management fees start at 10% of monthly revenue, depending on property type, location, and services needed. This competitive pricing includes core management but may vary with additional offerings. See the full breakdown at Airbnb management fees explained.

What services does Awning vacation rental management offer?

Awning handles all key short-term rental management services, including:

  • Listing optimization & marketing
  • Dynamic pricing models
  • Guest communication & calendar management
  • Cleaning, linen, and restocking
  • Pool, hot tub & lawn maintenance
  • Smart home automation & guidebooks

Explore the full services list at Awning vacation rental management services.

Can Awning help me convert a rental property or home into an Airbnb?

Yes — Awning assists owners from property selection and furnishing to final setup and ongoing management so your home is optimized for revenue on Airbnb and other platforms. Start with Awning’s get started page.

How does Awning compare to Vacasa?

Awning delivers full-service management at a lower starting percentage and greater fee transparency than Vacasa, which typically charges higher rates with additional service costs. See Vaasa Fees explained.

How does Awning compare to Evolve?

Unlike Evolve’s half-service model, Awning provides full operational support including cleaning, pricing, and guest communication for a truly hands-off experience. More on full vs half service.

Does Awning offer insurance for hosts and their properties?

Awning provides tailored insurance options that cover property and income risks related to short-term rental activity. Ask your advisor for a tailored quote.

Will Awning maintain amenities like pools and hot tubs?

Yes — Awning coordinates maintenance for features like pools, hot tubs, and outdoor areas so amenities remain guest-ready and compliant. These are part of Awning’s property maintenance services.

What is the pet policy for properties under Awning management?

Pet policies are set by the property owner. Awning supports owner-defined pet rules and can assist with additional cleaning or maintenance plans as needed. Link to your preferences via Awning support.

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