Cheap Apartments for Rent in the Downcity Neighborhood of Providence, RI from $500 (92 Rentals)

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

property at 13 Albro St

13 Albro St

ProvidenceRI02903

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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property at 74 Veazie St

74 Veazie St

ProvidenceRI02908

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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property at 19 Joy St

19 Joy St

ProvidenceRI02908
property at 416 Admiral St

416 Admiral St

ProvidenceRI02908
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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
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Downcity, Providence, RI Local Guide

Cheapest Available Downcity Apartments for Rent

 

The cheapest available apartment rental in the Downcity area of Providence, RI is a 1 Bed unit found at Paragon Mill priced from $1,003. The Case-Mead Lofts has the second lowest priced unit, which is a Studio apartment currently listed from $1,300. Here are the most affordable Downcity apartments for rent in Providence, RI:

Apartment ListingModel NameBed/BathPriced From
Paragon Mill1BR 1BA1BR,1BA$1,003
The Case-Mead LoftsMicroloftStudio,1BA$1,300
Providence ArcadeA1BR,1BA$1,390
110 Benefit Street Apartment HomesStudioStudio,1BA$1,395
The StudleyMurphy Bed StudioStudio,1BA$1,500
Charles LandingStudioStudio,1BA$1,625

Best Value Apartments for Rent in Downcity, RI

As of May 12, 2025 the best value apartment in the Downcity area is the $1.54 price per square foot 3BR 2BA Model at Paragon Mill in the in the Manton neighborhood starting from $2,425. The second greatest value Downcity apartment is the 47 Pembroke Ave Model at 47 Pembroke Ave, Unit 3 starting at $2,325 with a $1.72 price per square foot in the Manton neighborhood. Here is today’s list of the best values for Downcity apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Paragon Mill3BR 2BA3BR,2BA$1.54
47 Pembroke Ave, Unit 347 Pembroke Ave3BR,1BA$1.72
100 Spruce St, Unit # apartment 4100 Spruce St3BR,1BA$0.92
681 Charles St, Unit 4681 Charles St2BR,1BA$1.50
154 Maplewood Ave, Unit 1154 Maplewood Ave3BR,1BA$1.75
148 De Pasquale Ave, Unit 2148 De Pasquale Ave3BR,1BA$1.75
28 Mercy St, Unit #328 Mercy St3BR,1BA$1.77
110 Capital St, Unit 2110 Capital St2BR,1BA$1.50
48 Pekin St, Unit 348 Pekin St2BR,1BA$1.62
468 W Fountain St1 bed1BR,1BA$1.75

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Downcity, Providence, RI

Ranked #27

Among neighborhoods in Providence, RI for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Downcity, Providence, RI

School data provided by Great Schools

Lifestyle Ratings

Our team of engineers and researchers is happy to bring you Lifestyle Ratings of rentals and neighborhoods across the USA, including Providence. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for the best proximity to parks and outdoor amenities, luxury housing options, transit availability, pet-friendly communities, family-friendly amenities, and other valuable search options. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Downcity Apartments

What is a cheap apartment in Downcity?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downcity is under $1,625.

What is the price of a cheap apartment in Downcity?

The cheapest apartment in Downcity is Paragon Mill which is listed at $1,003, while the average apartment in Downcity costs $7,350.

What types of apartments are the cheapest in Downcity?

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 43 regular apartments in Downcity 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 Downcity?

Cheap apartments in Downcity have an average cost of $318 which is $7,032 cheaper than the average rent for all rentals in Downcity.

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 Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

decorative image for Rise of Digital Nomads: Remote Work Tips for Apartment Renters article

Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.