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Archive - Sep 21, 2011 - News Article

Cost of renting rose fast in Woonsocket

September 21, 2011

WOONSOCKET — A new study says the cost of rental housing has risen faster here than any other community in the Blackstone Valley.
The HousingWorksRI 2011 Fact Book, released this week, says the average two-bedroom rent in the city during the second quarter of the year reached $993, almost 75 percent higher than it was a decade ago.
The main culprit behind skyrocketing rents is the continuing wave of foreclosures, the agency said.

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