Rental market snapshot for Federal Hill, Providence
Federal Hill rental market summary
The rental market in Federal Hill, Rhode Island is showing signs of growth. In July of 2023, there were 115 new listings, a significant increase from the previous month. The median rent in July 2023 was $1,999, a 4.8% increase from the previous month and an 11.1% increase from the same time last year. This indicates that the rental market in Federal Hill is becoming increasingly competitive, with more people looking for rental properties and landlords able to charge higher prices.
Overall, the rental market in Federal Hill is on the rise. With more people looking for rental properties and landlords able to charge higher prices, the rental market is becoming increasingly competitive. This is good news for landlords, as they are able to charge higher prices and make more money. However, it is important to note that this trend may not continue indefinitely, and it is important to keep an eye on the rental market in order to ensure that landlords are able to continue to make a profit.
Median rent for all residential properties in Federal Hill
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The most expensive listings and top trending buildings in Federal Hill
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 153 Almy St | $3,000 | 3 / 2.0 |
| 20 Luongo Sq | $3,000 | 4 / 1.5 |
| 19 America St | $2,800 | 4 / 2.0 |
| 118 Atwells Ave | $2,699 | 4 / 1.0 |
| 85 Vinton St | $2,699 | 4 / 1.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Providence Realty Advisors LLC | $1,499 |
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Bedroom Breakdown in Federal Hill
Federal Hill neighborhood apartments rents
The rental market for studios in Federal Hill, Rhode Island, is relatively stable. In July 2023, there was only one new studio listing, and the median rent remained the same as it was in June 2023 at $1,385. This indicates that the rental market for studios in Federal Hill is not experiencing any significant changes in terms of rent prices.
The rental market for 1-bedroom apartments in Federal Hill, Rhode Island, is relatively stable. In June 2023, there was only one new listing, and the median rent for 1-bedroom apartments remained virtually unchanged from May 2023, with a slight decrease of .1%. This indicates that the rental market in Federal Hill is not experiencing any significant changes in terms of availability or pricing.
The rental market for 2-bedroom apartments in Federal Hill, Rhode Island is relatively stable. In July 2023, there was only one new listing, and the median rent for 2-bedroom apartments decreased by 3.2% from June 2023 to July 2023, from $1,962 to $1,899. This suggests that the rental market is not experiencing any significant changes in the short-term.