Providence is the 70th largest multifamily market with 53,693 completed units and 10,296 units in development, 875 of which have already broken ground, as of December 2021.
Providence Multifamily Market Summary – December 2021
New lease asking rents are at $1,699, up 8.8%▲
from the previous year placing Providence at
87th overall in year-over-year rent growth.
