RLM Real Estate

This is something to think about if you are considering whether to buy or continue renting.

PROVIDENCE, R.I. — A new report from the city’s housing crisis task force shows the depth of the “housing emergency” in Providence and possible solutions.

The more than 40-page report, compiled by several city councilors, highlights skyrocketing rents and mounting evictions. According to the findings, about 60% of Providence residents rent their homes.

Data from Rent.com shows Providence rents jumped 16% between March 2023 and March 2024, one of the highest increases in the country.

City leaders say there have been more than 24,000 evictions since 2020.

Average rent for an apartment in Providence (2025): $1,947 to $2,997
Average rent for a studio in Providence (2025): $1,947, up 13%
Average rent for a 1-bedroom apartment (2025): $2,100, up 4%
Average rent for a 2-bedroom apartment (2025): $2,997, up +32%

The most affordable areas on average are Silver Lake and College Hill.
The most expensive areas on average are Olneyville and Smith Hill.

One recommendation from the task force is to limit how much landlords can raise rent each year. However, landlord groups oppose rent caps, saying they won’t solve the city’s housing challenges.

Hey buyers! Guess what?!?!?

What's the mortgage interest rate forecast for fall 2025? Homebuyers and owners looking to refinance are hoping for a mortgage rate drop this fall. Here's what to expect.

Hey y'all!!! There are 38 homes today with new REDUCED prices! I would love to be your realtor and get you an even lower price . . .there are some DEALS to be had in this market! Let me show you around our beautiful region.

Interest rates have dropped almost 2% this week. If you were thinking about buying…now may be the time!

UNDER CONTRACT!!!