Cheap Homes for Rent in Carolina, RI from $1,200 (9 Rentals)

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

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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Carolina, RI Local Guide

Cheapest Available Carolina Apartments for Rent and Nearby

 

The cheapest available apartment rental in Carolina, RI is a 2 Beds unit found at Oak Tree Village in the Northeast New London Norwich neighborhood priced from $1,172. Apartments at Remington Pond in the Warwick West Warwick neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,350. Here is today’s list of the most affordable Carolina apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Oak Tree Village2 Bedroom2BR,1BA$1,172
Apartments at Remington PondWaitlist1BR,1BA$1,350
Tanglewood Village1 BR/1BA1BR,1BA$1,423

Best Value Apartments for Rent in Carolina, RI and Nearby

As of May 12, 2025 the best value apartment in the Carolina area is the $2.25 price per square foot 3 Bed Townhouse Utilities Included Model at Fort Adams at NAVSTA Newport Family Homes in the starting from $2,999. The second greatest value Carolina apartment is the Charleston (C1.2) Model at GrandeVille at Greenwich starting at $3,022 with a $2.48 price per square foot . Here is today’s list of the best values for Carolina apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Fort Adams at NAVSTA Newport Family Homes3 Bed Townhouse Utilities Included3BR,2.5BA$2.25
GrandeVille at GreenwichCharleston (C1.2)2BR,2BA$2.48
Pleasant View Estates2 bed, 2 bath 2BR,2BA$2.14
Arctic Mill LoftsOne-Bedroom1BR,1BA$1.73
Oak Tree Village2 Bedroom2BR,1BA$1.27
Bayside Village1 Bed, 1 bath1BR,1BA$2.14
Royal Crest Warwick Apartment HomesBarrington1BR,1BA$2.51
Pilgrim ParkThe Shumard2BR,1BA$2.49
Tanglewood Village1 BR/1BA1BR,1BA$2.09
Apartments at Remington PondWaitlist1BR,1BA$2.10

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 Carolina

What type of rentals are currently available in Carolina?

There are currently 34 Apartments for Rent in Carolina, RI with pricing that ranges from $1,100 to $5,572. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Carolina ranging from $1,250 to $20,000.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Carolina ranges from $1,250 to $20,000 with an average monthly rent of $3,522.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Carolina range from $1,742 to $5,572, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,800 to $6,000. Four Bedroom Single-Family rentals are also available starting from $3,500 and Four Bedroom Apartments start at $2,245.

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.

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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.

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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.