Providence Tops Zillow's Hottest Rental Markets Amid Rising Rents
Providence, Rhode Island, has been named the hottest rental market for summer 2026 by Zillow, surpassing major cities like New York and San Francisco. The city has seen a 5% increase in rents year-over-year, with a typical rent of $2,154 per month. The demand for rentals in Providence is high, with only 12.9% of property managers offering concessions. New York follows closely with a 4.5% rent growth and a typical rent of $3,406. The intense competition in these markets is attributed to limited rental supply and high demand for housing in areas with strong job markets and amenities.