Providence Tops Zillow’s Summer Rental List with 5% Rent Growth
ZG•Providence leads summer 2026 rental markets with 5% year-over-year rent growth and just 12.9% of property managers offering concessions, the lowest rate among the top ten. New York reports 4.5% annual rent growth with a median asking rent of $3,406, highlighting intense renter competition.
1. Zillow Releases Hottest Rental Markets List
Zillow’s summer 2026 rental markets list ranks Providence first among the top ten U.S. metros, followed by New York and San Francisco, based on rent growth, concession rates and vacancy forecasts.
2. Providence Leads with Strong Rent Growth and Low Concessions
Providence recorded 5% year-over-year rent growth, a typical rent of $2,154 and only 12.9% of property managers offering concessions—the lowest share in the top ten—reflecting tight supply in Rhode Island’s capital.
3. Implications for Zillow’s Platform Engagement
High demand in leading markets drives more renters to Zillow’s platform for listings and alerts, potentially increasing advertising revenue and rental-related service adoption as competition intensifies in low-concession regions.
