Looking for a place to rent in Rhode Island? Renting may not be so much cheaper than buying… despite the high prices of homes today as compared to 5 or 6 years ago…
Seems the gig is up… Rhode Island is now ranked as the fourth least affordable STATE to rent an apartment in the country! Rhode Island!!! Fourth!!!
According to one source, Renters must earn $19.36/hour to afford a two-bedroom apartment in the state, according to Out of Reach 2006, the annual survey of rental affordability released by the National Low Income Housing Coalition. A household needs the equivalent of almost three full-time minimum wager earners to afford the rent.
