Providence city council president Rachel Miller has lived in the West End for over 20 years. Our incomes have not grown to that level.”Miller says it’s time for Providence to consider a rent stabilization ordinance that would cap annual rent increases. Miller says the cap is necessary, in part, because some landlords are simply taking advantage of their tenants. “Providence has been topping these national lists of fastest increase in rent,’ Miller said. Opponents of the rent stabilization proposal say it would result in a significant loss in city revenue and lower property values.