
Cheap Homes for Rent near Block Island, RI from $1,400 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Block Island.


91 Aspen Rd

10 E Beach Rd
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

26 W Castle Way C

630 Green Hill Beach Rd

51 Aspen Rd
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

5 Arbeth Rd
Block Island, RI Local Guide

How much does it cost to rent a home in Block Island?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Block Island 2 Bedroom Homes for Rent | $2,675 | $1,400 | $8,500 |
| Block Island 3 Bedroom Homes for Rent | $3,662 | $1,600 | $9,750 |
| Block Island 4 Bedroom Homes for Rent | $40,133 | $2,900 | $10,000+ |
| Block Island 5 Bedroom Homes for Rent | $44,618 | $3,475 | $10,000+ |
| Block Island 6 Bedroom Homes for Rent | $9,500 | $4,500 | $10,000+ |
Browse Top Homes for Rent in Block Island
Explore Block Island
Block Island, RI Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 $1,495. 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 | $1,495 |
| ReNew Washington Park | Fairfax | Studio,1BA | $1,594 |
Best Value Apartments for Rent in Block Island, RI and Nearby
As of August 08, 2026 the best value apartment in the Block Island area is the $2.09 price per square foot Four Bedroom Flat Model at Newport Landings Apartment Community in the in the Middletown neighborhood starting from $3,295. The second greatest value Block Island apartment is the 2 Bedroom Townhome Model at Toll Gate Estates starting at $2,245 with a $1.58 price per square foot in the New London neighborhood. 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. |
|---|---|---|---|
| Newport Landings Apartment Community | Four Bedroom Flat | 4BR,2BA | $2.09 |
| Toll Gate Estates | 2 Bedroom Townhome | 2BR,1.5BA | $1.58 |
| The URI Townhouses | 3 Bedroom Summer | 3BR,2.5BA | $0.62 |
| Reynolds Farm | Two Bedroom | 2BR,2BA | $2.20 |
| 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 | $1.76 |
| 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 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 Block Island
What type of rentals are currently available in Block Island?
There are currently 43 Apartments for Rent in Block Island, RI with pricing that ranges from $1,200 to $4,220. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Block Island ranging from $1,400 to $87,500.
What is the current price range for Rental Homes in Block Island?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Block Island ranges from $1,400 to $87,500 with an average monthly rent of $17,816.
How much are larger Three and Four Bedroom Rentals in Block Island?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Block Island range from $1,890 to $4,220, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,600 to $9,750. Four Bedroom Single-Family rentals are also available starting from $2,900 and Four Bedroom Apartments start at $2,245.
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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.