Amidst the buzz about our struggling economy, you may have heard now is the best time to invest in real estate with prices the lowest they've been in years. But did you know it's also a great time to rent? Amongst established rental property owners in the Providence area there appears to be a consensus: Rents, like asking prices, are the lowest they've been in years! As it turns out, a buyer's market is also a renter's market. Higher vacancy rates have created more competition in the rental arena and consequently, would-be tenants have more negotiating power. Much like a sale price, a rental rate is negotiable. Try using amenities as bargaining chips - perhaps adding a second parking spot, allowing a pet, installing a washer/dryer or including a utility or two in the rent. If your situation permits, you may want to consider signing a two-year lease, including a provision that the rent will remain constant throughout the full term. As the economy improves and the market begins to increase, rents are likely to follow. Think ahead by taking advantage of the current market conditions, and keep your cost of living to a minimum. 
Beautiful new Fox Point apartment in lovely 1890 Mansard Victorian, walking distance to Wayland Square, Wickenden St., and Brown, available immediately! Comfortably situated on the first floor, this two-bed apartment is bright and spacious with a fabulous kitchen, sunny open living/dining area, high ceilings and gorgeous hardwood floors. Ideal for professionals, the building is quiet with a private city yard for enjoyment. Laundry facilities are on site. There is 1 parking space and basement storage. Asking $1500/month, inlcuding heat and hot water. 1 Year Lease. For more information, visit our Listing Details page or contact Sally Herreid at 401-553-6338.
Meet Our New Contributor! Rebecca Lister, Rental Director
With a decade of experience in marketing and communications, most recently in the marketing of homes for sale, Rebecca Lister has taken over Residential Properties Rental Department as Rental Director. Rebecca brings her passion for helping people to find homes that fit their lifestyle and needs and is thrilled to focus on servicing the growing rental community. She has been with Residential Properties since 2006 and was formerly with The Real Estate Collaborative in Providence. Lister received her BFA in Photography from Leslie College in Boston, MA and was additionally educated at the Newhouse School of Communications at Syracuse University in Syracuse, NY. She is a member of the Providence Board of Realtors, a Yoga Alliance certified yoga instructor, an amateur vegan chef, and Rhode Island native. Contact Rebecca.Featured Rental: 27 East Manning Street, Providence
Beautiful new Fox Point apartment in lovely 1890 Mansard Victorian, walking distance to Wayland Square, Wickenden St., and Brown, available immediately! Comfortably situated on the first floor, this two-bed apartment is bright and spacious with a fabulous kitchen, sunny open living/dining area, high ceilings and gorgeous hardwood floors. Ideal for professionals, the building is quiet with a private city yard for enjoyment. Laundry facilities are on site. There is 1 parking space and basement storage. Asking $1500/month, inlcuding heat and hot water. 1 Year Lease. For more information, visit our Listing Details page or contact Sally Herreid at 401-553-6338.
