Cheap Apartments for Rent in Providence, RI from $500 (141 Rentals)

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

property at 20 Social St

20 Social St

ProvidenceRI02904
property at 85 Vinton St

85 Vinton St

ProvidenceRI02909
property at 126 Waterman St

126 Waterman St

ProvidenceRI02906
property at 387 Branch Ave

387 Branch Ave

ProvidenceRI02904
property at 19 Joy St

19 Joy St

ProvidenceRI02908
property at 509 Washington St

509 Washington St

ProvidenceRI02903
property at 54 Sutton St

54 Sutton St

ProvidenceRI02903
property at 65 Hendrick St

65 Hendrick St

ProvidenceRI02908
property at 511 Angell St

511 Angell St

ProvidenceRI02906
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Copley Chambers
Studio to 2 Bedroom Apartments

Copley Chambers

228 Broad StProvidence, RI 02903
  • Utilities Included
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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
Showing Results 1-50, Page 1 of 3

Providence, RI Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Providence, RI

Pricing Updated: 04/15/2025

Current apartment rentals in the Providence, RI area range in price from $720 to $34,000 with an overall median price of $3,710. The three Providence neighborhoods with the lowest median rent pricing are Silver Lake at $1,300, Reservoir at $1,575, and Linwood at $1,400. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Providence Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Silver Lake$2,025$1,3005
Reservoir$2,200$1,5753
Linwood$2,300$1,4002
Mount Pleasant$2,347$1,6007
Washington Park$2,350$8995
Elmwood$2,400$1,3006
Lower South Providence$2,595$1,3994
Warwick West Warwick$2,672$1,21054
Hartford$2,875$72020
Olneyville$3,290$1,135116

Cheapest Available Providence Apartments for Rent

 

The cheapest available apartment rental in Providence, RI is a 1 Bed unit found at Paragon Mill in the Manton neighborhood priced from $1,003. Angell Street Apartments in the College Hill neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,075. Here is today’s list of the most affordable Providence apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Paragon Mill1BR 1BA1BR,1BA$1,003
Angell Street Apartments292 Roommate Wanted1BR,1BA$1,075
The Case-Mead LoftsMicroloftStudio,1BA$1,300
110 Benefit Street Apartment HomesStudioStudio,1BA$1,350
The Presley Apartments1-Bedroom1BR,1BA$1,425
Parkway Apartments1 bed 1 bath1BR,1BA$1,450
Dean EstatesOne Bedroom1BR,1BA$1,475
The StudleyMurphy Bed StudioStudio,1BA$1,500

Best Value Apartments for Rent in Providence, RI

As of April 16, 2025 the best value apartment in the Providence area is the $0.51 price per square foot 132 Meadow St Model at 132 Meadow St, Unit 2 in the in the Darlington neighborhood starting from $1,700. The second greatest value Providence apartment is the 167 Walnut St Model at 167 Walnut St, Unit 1 starting at $2,600 with a $1.13 price per square foot in the Outer East Bay 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.
132 Meadow St, Unit 2132 Meadow St2BR,1BA$0.51
167 Walnut St, Unit 1167 Walnut St3BR,1BA$1.13
Moore Mill LoftsA12BR,1BA$1.37
Paragon Mill3BR 2BA3BR,2BA$1.54
9 Sixth St, Unit 19 Sixth St3BR,2BA$1.43
34 Durham St, Unit 234 Durham St2BR,1BA$1.39
The Lofts at Pontiac MillsOne Bedroom - Standard1BR,1BA$1.31
980 Main St, Unit 3980 Main St2BR,1BA$1.33
681 Charles St, Unit 4681 Charles St2BR,1BA$1.41
26 Cypress St, Unit Cypress 326 Cypress St3BR,1BA$1.46

Quick Rent Budget Calculator

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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 a cheap apartment in Providence?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Providence is under $1,500.

What is the price of a cheap apartment in Providence?

The cheapest apartment in Providence is Paragon Mill which is listed at $1,003, while the average apartment in Providence costs $3,710.

What types of apartments are the cheapest in Providence?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 284 regular apartments in Providence that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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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Know Your Rights - How Discrimination Laws Impact Landlords & Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.