Report: Providence ranks 5th for worst lease walkings

PROVIDENCE, R.I. (WPRI)– It’s clear that the cost of lease is increasing in Rhode Island.

In reality, the Providence-Warwick city location ranks 5th in the country for greatest lease development last month, according to a just recently launched report

Lease in Providence, according to the report, has actually increased 23.8% because in 2015, with the typical month-to-month lease hovering around $2,200.

The typical month-to-month lease for a two-bedroom house in Providence is now $2,500, while a one-bedroom house expenses around $1,908 monthly. Studio homes in the capital city are balancing $1,759 monthly.

The Boston-Cambridge-Newton city location ranks right behind Providence with a 23.6% lease trek.

Miami takes the leading area with a 37.4% boost and a typical month-to-month lease of $2,850.