Cheap Homes for Rent in Downcity Neighborhood of Providence, RI from $900 (23 Rentals)

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

property at 297 Point St

297 Point 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.

property at 144 Benefit St

144 Benefit St

ProvidenceRI02903
property at 100 Taft Ave

100 Taft Ave

ProvidenceRI02906
property at 40 Sessions St

40 Sessions St

ProvidenceRI02906

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.

property at 420 Woodward Rd

420 Woodward Rd

North ProvidenceRI02904
property at 13 Evergreen St

13 Evergreen St

ProvidenceRI02906

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.

property at 296 Atwells Ave

296 Atwells Ave

ProvidenceRI02903

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
110 Benefit Street Apartment HomesStudioStudio,1BA$1,350
The StudleyMurphy Bed StudioStudio,1BA$1,500
Charles LandingStudioStudio,1BA$1,625

Best Value Apartments for Rent in Downcity, RI

As of May 10, 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
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
129 Sandringham Ave, Unit 1129 Sandringham Ave2BR,1BA$1.70
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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Frequently Asked Questions about Downcity

What type of rentals are currently available in Downcity?

There are currently 1390 Apartments for Rent in Downcity, RI with pricing that ranges from $720 to $24,751. There are also 81 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downcity ranging from $900 to $15,000.

What is the current price range for Rental Homes in Downcity?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downcity ranges from $900 to $15,000 with an average monthly rent of $4,397.

How much are larger Three and Four Bedroom Rentals in Downcity?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downcity range from $1,327 to $6,058, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,700 to $4,700. Four Bedroom Single-Family rentals are also available starting from $2,725 and Four Bedroom Apartments start at $2,500.

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.

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

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.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

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.