Cheap Apartments for Rent in Providence, RI from $500 (156 Rentals)

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Search the lowest-cost Apartments available for rent right now in Providence.

property at 0 Potters Ave

0 Potters Ave

ProvidenceRI02905
property at 86 Beacon Ave

86 Beacon Ave

ProvidenceRI02903
property at 387 Branch Ave

387 Branch Ave

ProvidenceRI02904
property at 146 Grove St

146 Grove St

ProvidenceRI02909
property at 54 Sutton St

54 Sutton St

ProvidenceRI02903
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East Side Apartments
Studio to 1 Bedroom Apartments

East Side Apartments

83 Doyle AveProvidence, RI 02904
Senior Living
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9 Euclid Ave
1 Bedroom Apartments

9 Euclid Ave

9 Euclid AveProvidence, RI 02906
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382 Brook St
1 to 4 Bedroom Apartments

382 Brook St

382 Brook StProvidence, RI 02906
Furnished
Showing Results 1-50, Page 1 of 4

Providence, RI Local Guide

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Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Providence, RI

Pricing Updated: 02/28/2025

Current apartment rentals in the Providence, RI area range in price from $659 to $35,000 with an overall median price of $3,835. The three Providence neighborhoods with the lowest median rent pricing are Linwood at $1,400, South Elmwood at $1,300, and Reservoir at $1,575. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Providence Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Linwood$1,825$1,40014
South Elmwood$1,850$1,30010
Reservoir$1,900$1,57520
Silver Lake$2,100$1,80036
Hartford$2,350$659222
Washington Park$2,400$1,55021
Elmwood$2,422$1,57545
Mount Pleasant$2,500$1,60034
Outer East Bay$2,725$9751464
Lower South Providence$2,750$95039

Cheapest Available Providence Apartments for Rent

 

The cheapest available apartment rental in Providence, RI is a 1 Bed unit found at Angell Street Apartments in the College Hill neighborhood priced from $1,075. Mansion House (Riverside) in the Outer East Bay neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,255. Here is today’s list of the most affordable Providence apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Angell Street Apartments292 Roommate Wanted1BR,1BA$1,075
Mansion House (Riverside)1 Bedroom1BR,1BA$1,255
The Case-Mead LoftsMicroloftStudio,1BA$1,300
244 Bowen StStudioStudio,1BA$1,375
Dean EstatesOne Bedroom1BR,1BA$1,475
Parkway Apartments1 Bedroom1BR,1BA$1,495
The StudleyMurphy Bed StudioStudio,1BA$1,500

Best Value Apartments for Rent in Providence, RI

As of February 28, 2025 the best value apartment in the Providence area is the $1.57 price per square foot 369 Carter Ave Model at 369 Carter Ave, Unit 2 in the in the Darlington neighborhood starting from $2,350. The second greatest value Providence apartment is the 1 Bed 1 Bath Model at American Wire Residential Lofts starting at $1,735 with a $1.22 price per square foot in the Darlington neighborhood. Here is today’s list of the best values for Providence apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
369 Carter Ave, Unit 2369 Carter Ave3BR,1BA$1.57
American Wire Residential Lofts1 Bed 1 Bath1BR,1BA$1.22
547 Broadway, Unit 2547 Broadway2BR,2BA$1.54
The Lofts at Pontiac MillsOne Bedroom - Loft1BR,1BA$1.59
522 York Ave, Unit 2522 York Ave3BR,1BA$1.50
57 Vicksburg St, Unit 57 Vicksburg57 Vicksburg St2BR,1.5BA$1.60
1111 Smith St, Unit #1 First Floor1111 Smith St2BR,1BA$1.58
1035 Lonsdale Ave, Unit 21035 Lonsdale Ave3BR,1BA$1.66
22 Cleveland St, Unit 2nd floor22 Cleveland St2BR,1BA$1.45
24 Haven Ave, Unit 124 Haven Ave2BR,1BA$1.58

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Providence Overview

Rhode Island’s capital and New England’s third-largest city, Providence combines big city amenities with small town livability. The city’s transformation into a destination for smart, passionate artists and artisans sees it regularly outperform cities like Boston and New York in quality of life--whether that’s outstanding food or internationally recognized arts events. Providence’s storied history, thriving arts scene and robust nightlife make it a strong draw for creatives of all stripes, and its world-class schools—including Brown University and Rhode Island School of Design—ensure the constant influx of new and exciting people and ideas. Life in Providence apartments is truly an experience to be had!

Why live in Providence, RI?

Providence is one of the most dynamic, affordable cities on the East Coast. Its location means you can work in downtown Boston but live in Providence apartments at a fraction of the price--and still have a shorter, easier commute than many Boston residents! Its food scene is consistently ranked among the best in the nation. The culture is as exciting, diverse, and fun as you could expect from a big city. And whether you know it or not, Rhode Island has the best beaches in New England (yes, they’re even better than Cape Cod)!

Providence, RI
Population: 179,335

Ranked #144

in US Census Population by City

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Pet Friendly Lifestyle

Ranked #

Pet Friendliness Lifestyle Score

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Providence, RI Rentals by Map

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See the most popular apartments and homes in Providence, RI

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Getting Around Providence, RI

Walk Score®

84 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

65 / 100

Bikeable

Some bike infrastructure

Transit Score®

52 / 100

Good Transit

Many nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Providence Apartments

What is the Cheapest Studio apartment in Providence?

Currently the most affordable Cheap Studio Apartment in Providence is at The Case-Mead Lofts listed at $1,300.

How much is rent for a Cheap One Bedroom Providence Apartment?

The lowest price for a Cheap One Bedroom Providence Apartment is $1,075 at Angell Street Apartments.

What is the lowest price for a Cheap Two Bedroom Providence Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Providence is starting from $1,554 at Dean Estates.

What is the most affordable Providence Three Bedroom Apartment?

The best deal on a cheap Providence Three Bedroom Apartment rental is at University Heights Apartments and starts from $2,230.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.

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Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.