Find a home or apartment
Should I Rent or Buy?Deciding whether to rent or buy a home can be a difficult decision to make and requires careful thought and preparation. Many people who rent their homes may not realize that homeownership may be within their reach. At the same time, there are numerous costs and responsibilities associated with homeownership that, as renters, you may not be aware of. Rhode Island Housing can help you make a safe, informed decision that’s right for you.
Your income, savings and monthly expenses all play a role in determining what you can afford and whether renting or buying a home makes sense for you. To calculate how much you can safely afford, click here.
Help Renting a Home
Rhode Island Housing has many ways to help you find a safe and healthy home you can afford to rent.
• Find A Home Online
– www.HomeLocatorRI.net for a continually updated list of homes that you can afford to rent or buy.
– RILiving.com offers the state's most accurate, current and comprehensive list of home available in all price ranges.
• Rental Assistance
– Section 8 Housing Choice Voucher Program
– Section 8 Subsidized Apartments (Project-based)
– Family Self-Sufficiency Program
– Project Based Voucher Program
Homebuyer Education as well as consultation with a loan officer or through our HelpCenter. For more information on loan options visit our loans site.
Help Moving From Renter to Homeowner
If you have been renting your home for some time using a Section 8 voucher and think you are ready to buy and keep a home of your own, we may be able to help with our Section 8 to Homeownership Program.
Our highly trained professionals can work with you to help you make the decision that is right for you and your family. Rhode Island Housing offers an extensive line of products and services to help you rent or buy a safe, healthy home that you can afford to keep. For more information, contact one of our lending specialists who will partner with you to find the solution that meets your individual needs and financial situation. If renting is the right option for you, we can help you find a safe, healthy home you can afford to rent. If you need other housing assistance, including emergency housing assistance, we can help connect you there too.
If you would like to view homes available in all price ranges, visit: RILiving.