Cheap Apartments for Rent in Providence, RI from $500 (205 Rentals)

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Search the lowest-cost Apartments available for rent right now in Providence.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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property at 24 De Soto St

$1,450 - $1,500

1 Bedroom Rentals

Available Now

24 De Soto St

ProvidenceRI02909
property at 98 Knight St

$1,475 - $2,300

1 To 2 Bedroom Rentals

Available Now

98 Knight St

ProvidenceRI02909

From Blue-Collar to Bustling: Discover the Best Affordable Neighborhoods for Renting in Providence

Discover the top 7 affordable and charming neighborhoods in Providence, RI. This local expert's guide helps you find the best value living in the historic New England city.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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property at 72 Courtland St

$1,600 - $1,900

1 Bedroom Rentals

Available Now

72 Courtland St

ProvidenceRI02909

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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Providence, RI Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Providence, RI

Pricing Updated: 02/05/2026

Current apartment rentals in the Providence, RI area range in price from $742 to $25,000 with an overall median price of $4,279. The three Providence neighborhoods with the lowest median rent pricing are South Elmwood at $1,625, Reservoir at $1,900, and Linwood at $1,600. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Providence Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
South Elmwood$1,750$1,6253
Reservoir$1,950$1,9002
Linwood$1,975$1,6004
Outer Downcity East Side$2,185$1,10033
Washington Park$2,300$99511
Blackstone$2,500$1,60016
Warwick West Warwick$2,500$1,200191
Federal Hill$2,612$899103
West End Providence$2,775$89977
Outer East Bay$2,800$1,450135

Cheapest Available Providence Apartments for Rent

 

The cheapest available apartment rental in Providence, RI is a Studio unit found at Roosevelt Mills in the Darlington neighborhood priced from $1,375. Rumford Center in the Outer East Bay neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,450. Here is today’s list of the most affordable Providence apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Roosevelt MillsStudioStudio,1BA$1,375
Rumford Center1 Bed 1 Bath1BR,1BA$1,450
Westwood Manor2A2BR,1BA$1,450
Garden VillageThe JuniperStudio,1BA$1,460

Best Value Apartments for Rent in Providence, RI

As of February 06, 2026 the best value apartment in the Providence area is the $0.19 price per square foot 12 Selkirk St Model at 12 Selkirk St, Unit #1 in the in the Hope neighborhood starting from $1,900. The second greatest value Providence apartment is the 31 Anthony St Model at 31 Anthony St, Unit Second Floor Apartment starting at $2,100 with a $0.92 price per square foot in the Outer East Bay neighborhood. Here is today’s list of the best values for Providence apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
12 Selkirk St, Unit #112 Selkirk St2BR,1BA$0.19
31 Anthony St, Unit Second Floor Apartment31 Anthony St3BR,1BA$0.92
137 Worcester Ave, Unit 1137 Worcester Ave3BR,1BA$1.32
11 Handy St, Unit 11 handy st11 Handy St2BR,1BA$0.97
Residences at Woodlawn2 Bedroom2BR,1BA$1.13
61 De Pasquale Ave, Unit APT # 261 De Pasquale Ave2BR,1BA$1.20
38 Williams St, Unit 1st floor38 Williams St3BR,1.5BA$1.40
53 Vernon Street, Unit Apt 853 Vernon Street2BR,1BA$1.44
86 Home Ave, Unit 386 Home Ave2BR,1BA$1.33
10 Mount Vernon St, Unit 210 Mount Vernon St2BR,1BA$1.51

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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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Providence Overview

Rhode Island’s capital and New England’s third-largest city, Providence combines big city amenities with small town livability. The city’s transformation into a destination for smart, passionate artists and artisans sees it regularly outperform cities like Boston and New York in quality of life--whether that’s outstanding food or internationally recognized arts events. Providence’s storied history, thriving arts scene and robust nightlife make it a strong draw for creatives of all stripes, and its world-class schools—including Brown University and Rhode Island School of Design—ensure the constant influx of new and exciting people and ideas. Life in Providence apartments is truly an experience to be had!

Why live in Providence, RI?

Providence is one of the most dynamic, affordable cities on the East Coast. Its location means you can work in downtown Boston but live in Providence apartments at a fraction of the price--and still have a shorter, easier commute than many Boston residents! Its food scene is consistently ranked among the best in the nation. The culture is as exciting, diverse, and fun as you could expect from a big city. And whether you know it or not, Rhode Island has the best beaches in New England (yes, they’re even better than Cape Cod)!

Providence, RI
Population: 179,335

Ranked #144

in US Census Population by City

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Pet Friendly Lifestyle

Ranked #

Among cities in Rhode Island for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Providence, RI Rentals by Map

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See the most popular apartments and homes in Providence, RI

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Providence, RI Apartments Map
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Providence, RI Rental Homes Map

Frequently Asked Questions about Cheap Providence Apartments

What is a cheap apartment in Providence?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Providence is under $1,460.

What is the price of a cheap apartment in Providence?

The cheapest apartment in Providence is Rumford Center which is listed at $1,450, while the average apartment in Providence costs $4,279.

What types of apartments are the cheapest in Providence?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 45 regular apartments in Providence that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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

decorative image for From Blue-Collar to Bustling: Discover the Best Affordable Neighborhoods for Renting in Providence article

From Blue-Collar to Bustling: Discover the Best Affordable Neighborhoods for Renting in Providence

Written by: M. April Tome

I’m April, your ApartmentHomeLiving.com Local Export for Providence, RI. Providence is the capital of Rhode Island. It is a bustling city with a small-town New England vibe.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.