
Cheap Apartments for Rent near Block Island, RI from $1,200 (40 Rentals)
Search the lowest-cost Apartments available for rent right now in Block Island.


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Fox Run Apartments

Newport Heights

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GoodHomes Groton

Bayside Village

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ReNew Washington Park

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Long Meadow Landings

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La Triumphe Apartments
Rent According to Income: A Look at Income-Restricted Rentals
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Harbor View

Tower Hill Landings

Harbor Village

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Groton Townhomes

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The Ledges Apartment Homes

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Triton Square Apartments

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Sutton Place

The Admiralty
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ReNew Groton

East Bay Village

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Camden Square

316 Succotash Rd

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Harbor Heights

Reynolds Farm

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Toll Gate Estates

13 Valley Dr
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Newport Landings Apartment Community

North Cove Landing

Coddington Point

9 Sherman Street

Poquonnock Village Senior and Family Housing

Avery Heights Senior Living

5 Arbeth Rd

4 Arbeth Rd
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Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

35 Post Rd

8 Healey Brook Dr

283 Balsam Rd

25 Champlin Ave

40 Charlene Ave

17 Smith Ct

37 Prospect St

13 Valley Dr
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Block Island, RI Local Guide

How much does it cost to rent an apartment in Block Island?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Block Island Studio Apartments | $2,120 | $1,664 | $2,994 |
| Block Island 1 Bedroom Apartments | $2,342 | $1,200 | $3,228 |
| Block Island 2 Bedroom Apartments | $2,797 | $1,495 | $3,948 |
| Block Island 3 Bedroom Apartments | $3,113 | $1,890 | $4,250 |
| Block Island 4 Bedroom Apartments | $3,168 | $2,245 | $3,750 |
Browse Top Apartments in Block Island
See all Apartments in Block IslandExplore Block Island
Block Island, RI Local Guide
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Cheapest Available Block Island Apartments for Rent and Nearby
 The cheapest available apartment rental in Block Island, RI is a 1 Bed unit found at Pequot Village in the New London neighborhood priced from $1,200. Fox Run Apartments in the Northeast New London Norwich neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,295. Here is today’s list of the most affordable Block Island apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Pequot Village | One Bedroom | 1BR, 1BA | $1,200 |
| Fox Run Apartments | 2 BEDROOMS | 2BR, 1BA | $1,295 |
| Bayside Village | 1 Bed, 1 bath | 1BR, 1BA | $1,606 |
| Long Meadow Landings | Future Resident Waitlist | 2BR, 1BA | $1,665 |
| La Triumphe Apartments | 2 Bedroom | 2BR, 1BA | $1,800 |
| Harbor Village | The Intrepid | 1BR, 1BA | $1,835 |
| Triton Square Apartments | Studio - S1 | Studio, 1BA | $1,975 |
| Sutton Place | REMODELED 2BD WD in unit | 2BR, 1BA | $2,000 |
| East Bay Village | The Aquidneck | 1BR, 1BA | $2,065 |
| Toll Gate Estates | 2 Bedroom Townhome | 2BR, 1BA | $2,245 |
Best Value Apartments for Rent in Block Island, RI and Nearby
As of September 22, 2026 the best value apartment in the Block Island area is the $1.93 price per square foot Unit 13 Model at Bridge Landing in the New London neighborhood starting from $3,095. The second greatest value Block Island apartment is the 2 Bedroom Townhome Model at Toll Gate Estates in the New London neighborhood starting at $2,245 with a $1.58 price per square foot. Here is today’s list of the best values for Block Island apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Bridge Landing | Unit 13 | 2BR, 1.5BA | $1.93 |
| Toll Gate Estates | 2 Bedroom Townhome | 2BR, 1.5BA | $1.58 |
| The URI Townhouses | 3 Bedroom Academic | 3BR, 2.5BA | $1.28 |
| Reynolds Farm | Two Bedroom | 2BR, 2BA | $2.25 |
| La Triumphe Apartments | 2 Bedroom | 2BR, 1.5BA | $1.76 |
| Long Meadow Landings | Future Resident Waitlist | 2BR, 1BA | $1.63 |
| Sutton Place | REMODELED 2BD WD in unit | 2BR, 1BA | $2.00 |
| Fox Run Apartments | 2 BEDROOMS | 2BR, 1BA | $1.52 |
| Bayside Village | 1 Bed, 1 bath | 1BR, 1BA | $2.14 |
| Pequot Village | One Bedroom | 1BR, 1BA | $1.74 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleNavigating the Rental Market: Tips for First-Time Renters
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Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Block Island, RI Rentals by Map
See the most popular apartments and homes in Block Island, RI
Frequently Asked Questions about Cheap Block Island Apartments
What is the Cheapest Studio apartment in Block Island?
Currently the most affordable Cheap Studio Apartment in Block Island is at Triton Square Apartments listed at $1,975.
How much is rent for a Cheap One Bedroom Block Island Apartment?
The lowest price for a Cheap One Bedroom Block Island Apartment is $1,200 at Pequot Village.
What is the lowest price for a Cheap Two Bedroom Block Island Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Block Island is starting from $1,295 at Fox Run Apartments.
What is the most affordable Block Island Three Bedroom Apartment?
The best deal on a cheap Block Island Three Bedroom Apartment rental is at Bayside Village and starts from $2,249.
Expert Rental Resources
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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.