Cheap Homes for Rent near Block Island, RI from $1,400 (7 Rentals)

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Search the lowest-cost Homes available for rent right now in Block Island.

property at 10 E Beach Rd

$1,650

2 Bedroom Rentals

Available Sep 14

10 E Beach Rd

CharlestownRI02813

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.

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.

property at 5 Arbeth Rd

$1,900

2 Bedroom Rentals

Available Sep 7

5 Arbeth Rd

NarragansettRI02879

Block Island, RI Local Guide

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 ListingModel NameBed/BathPriced From
Pequot VillageOne Bedroom1BR,1BA$1,200
Fox Run Apartments2 BEDROOMS2BR,1BA$1,495
ReNew Washington ParkFairfaxStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Newport Landings Apartment CommunityFour Bedroom Flat4BR,2BA$2.09
Toll Gate Estates2 Bedroom Townhome2BR,1.5BA$1.58
The URI Townhouses3 Bedroom Summer3BR,2.5BA$0.62
Reynolds FarmTwo Bedroom2BR,2BA$2.20
La Triumphe Apartments2 Bedroom2BR,1.5BA$1.76
Long Meadow LandingsFuture Resident Waitlist2BR,1BA$1.63
Sutton PlaceREMODELED 2BD WD in unit2BR,1BA$2.00
Fox Run Apartments2 BEDROOMS2BR,1BA$1.76
Bayside Village1 Bed, 1 bath1BR,1BA$2.14
Pequot VillageOne Bedroom1BR,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.

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Real 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.

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Remember the 3 Rules of Real Estate:
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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

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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.

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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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

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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.