Zillow: Average rent in Providence hits $2,021 in June, up 6.9% Y/Y

THE AVERAGE rent in Providence in June was $2,021, 6.9% higher year over year, according to a report by Zillow.com. / PBN FILE PHOTO

PROVIDENCE – The average rent in the city in June was $2,021, 6.9% higher year over year, according to a Zillow.com report on Tuesday.

That mark was slightly lower than the $2,054 national average, but the increase was somewhat higher than the national average. Nationwide, rents averaged 4% higher in June year over year, according to the report.

All 10 markets with the fastest-growing rent are in the Northeast and Midwest, according to the report. Boston had the highest annual rent growth at 7%, followed by Hartford, Conn., and Providence both at 6.9%.

Las Vegas had the slowest year-over-year increase at 1.8%. The average rent there was $1,804 per month.

- Advertisement -

The real estate listing website found rents in the Northeast climbed quickly on a month-to-month basis as well. Providence had the highest monthly spike at 1.2%, followed by New York City at 1.16% and Chicago at 1.1%.

The lowest monthly rent increase was in Phoenix at 0.02%.

The full report can be found here.

No posts to display