Cheap Apartments for Rent in Providence, RI from $500 (144 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 322 Broadway

322 Broadway

ProvidenceRI02909
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244 Bowen St
from $1,375Studio Apartments Available Jun 1

244 Bowen St

244 Bowen StProvidence, RI 02906
Furnished
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  • Utilities Included
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112 Keene St
from $1,4501 to 3 Bedroom Apartments Available Jun 1

112 Keene St

112 Keene StProvidence, RI 02906
Affordability
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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
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Copley Chambers
Studio to 2 Bedroom Apartments

Copley Chambers

228 Broad StProvidence, RI 02903
  • Utilities Included
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: 03/22/2025

Current apartment rentals in the Providence, RI area range in price from $700 to $25,127 with an overall median price of $3,858. The three Providence neighborhoods with the lowest median rent pricing are Reservoir at $1,575, Silver Lake at $1,500, 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
Reservoir$2,100$1,57511
Silver Lake$2,100$1,50036
Linwood$2,300$1,40014
South Elmwood$2,400$1,9005
Washington Park$2,400$1,90030
Elmwood$2,422$85068
Mount Pleasant$2,550$1,60044
Lower South Providence$2,750$85063
Hartford$2,890$1,375570
Outer East Bay$3,150$1,3991020

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
Parkway Apartments1 bed 1 bath1BR,1BA$1,450
110 Benefit Street Apartment HomesStudioStudio,1BA$1,465
Dean EstatesOne Bedroom1BR,1BA$1,475
Hillside Terrace Apartments1x1b1BR,1BA$1,500
The StudleyMurphy Bed StudioStudio,1BA$1,500

Best Value Apartments for Rent in Providence, RI

As of March 22, 2025 the best value apartment in the Providence area is the $1.25 price per square foot 33 Paisley St Model at 33 Paisley St, Unit 1 in the in the Downtown Pawtucket neighborhood starting from $2,500. The second greatest value Providence apartment is the Studio Model at Westminster Lofts starting at $1,710 with a $0.89 price per square foot in the College Hill 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.
33 Paisley St, Unit 133 Paisley St4BR,2BA$1.25
Westminster LoftsStudioStudio ,1BA$0.89
Paragon Mill3BR 2BA3BR,2BA$1.54
American Wire Residential Lofts1 Bed 1 Bath1BR,1BA$1.22
522 York Ave, Unit 2522 York Ave3BR,1BA$1.50
The Lofts at Pontiac MillsOne Bedroom - Standard1BR,1BA$1.31
Douglas Apartments-An Active Adult Community2x1 Renovated2BR,1BA$1.58
1035 Lonsdale Ave, Unit 21035 Lonsdale Ave3BR,1BA$1.66
57 East Ave, Unit 1 st floor57 East Ave2BR,1BA$1.64
101 Sisson St, Unit 101 Sisson Street101 Sisson St1BR,1BA$1.63

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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 $3,858.

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 3,255 regular apartments in Providence that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Providence?

Cheap apartments in Providence have an average cost of $367 which is $3,491 cheaper than the average rent for all rentals in Providence.

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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