Cheap Apartments for Rent in Providence, RI from $500 (184 Rentals)
Search the lowest-cost Apartments available for rent right now in Providence.

Beneficent House

Copley Chambers

339-343 Thayer St

125 Carleton St, Unit 3rd Floor

74 Vernon St

Paragon Mill

54 Woodman St, Unit Apartment 2

65 Boyd St, Unit 1 floor rear

Westfield Lofts

The Case-Mead Lofts

208 Sherburne St

Wayland Manor Apartments

390 Broadway

186 Carpenter St

179 Dean St

University Heights Apartments

Charles Landing

181 Peace St, Unit Third floor

181 Peace St
Providence, RI Local Guide

How much does it cost to rent an apartment in Providence?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Cheap Providence Studio Apartments | $1,897 | $720 | $3,059 |
Cheap Providence 1 Bedroom Apartments | $2,128 | $250 | $4,888 |
Cheap Providence 2 Bedroom Apartments | $2,818 | $1,170 | $10,000+ |
Cheap Providence 3 Bedroom Apartments | $2,815 | $1,327 | $10,000+ |
Cheap Providence 4 Bedroom Apartments | $3,108 | $2,300 | $5,500 |
Providence 5 Bedroom Apartments | $3,738 | $2,295 | $4,750 |
Providence 6 Bedroom Apartments | $4,257 | $3,250 | $5,500 |
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Providence, RI Local Guide

- Providence Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Providence, RI
Pricing Updated: 07/24/2025Current apartment rentals in the Providence, RI area range in price from $700 to $18,000 with an overall median price of $4,001. The three Providence neighborhoods with the lowest median rent pricing are Mount Pleasant at $800, Outer Downcity East Side at $1,650, and Valley at $1,350. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Providence Apartments for rent:
Neighborhood | Median Price | Min Price | Available Units |
---|---|---|---|
Mount Pleasant | $800 | $800 | 1 |
Outer Downcity East Side | $1,800 | $1,650 | 2 |
Valley | $2,000 | $1,350 | 2 |
Federal Hill | $2,245 | $1,899 | 3 |
Olneyville | $2,272 | $2,000 | 4 |
South Elmwood | $2,700 | $2,700 | 1 |
West End Providence | $2,700 | $900 | 3 |
Elmwood | $2,775 | $900 | 3 |
Lower South Providence | $2,799 | $1,899 | 4 |
East Mansfield | $2,850 | $1,700 | 5 |
Cheapest Available Providence Apartments for Rent
 The cheapest available apartment rental in Providence, RI is a 1 Bed unit found at 339-343 Thayer St in the College Hill neighborhood priced from $950. The Presley Apartments in the Warwick West Warwick neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,295. Here is today’s list of the most affordable Providence apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
339-343 Thayer St | 4 Bed | 1BR,1BA | $950 |
The Presley Apartments | Cozy Studio | Studio,1BA | $1,295 |
The Case-Mead Lofts | Microloft | Studio,1BA | $1,375 |
Landings on the Trail Apartment Homes | Studio | Studio,1BA | $1,375 |
Royale Apartments | Studio | Studio,1BA | $1,395 |
Parkway Apartments | Studio Newly Renovated | Studio,1BA | $1,395 |
Wayland Manor Apartments | Studio | Studio,1BA | $1,400 |
Best Value Apartments for Rent in Providence, RI
As of July 24, 2025 the best value apartment in the Providence area is the $1.25 price per square foot 292 Douglas Ave Model at 292 Douglas Ave, Unit 1st Floor in the in the Manton neighborhood starting from $2,000. The second greatest value Providence apartment is the 3BR 2BA Model at Paragon Mill starting at $2,425 with a $1.54 price per square foot in the Manton neighborhood. Here is today’s list of the best values for Providence apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
292 Douglas Ave, Unit 1st Floor | 292 Douglas Ave | 2BR,1BA | $1.25 |
Paragon Mill | 3BR 2BA | 3BR,2BA | $1.54 |
The Lofts at Pontiac Mills | One Bedroom - Standard | 1BR,1BA | $1.31 |
187 Carnation St, Unit 1 | 187 Carnation St | 2BR,1BA | $1.46 |
172 Division St, Unit 2 nd floor | 172 Division St | 3BR,1BA | $1.50 |
61 Pembroke Ave, Unit 1 | 61 Pembroke Ave | 3BR,1BA | $1.56 |
110 Capital St, Unit 2 | 110 Capital St | 2BR,1BA | $1.41 |
33 Tingley St, Unit 2R | 33 Tingley St | 1BR,1BA | $1.60 |
54 Woodman St, Unit Apartment 2 | 54 Woodman St | Studio ,1.5BA | $1.20 |
47 Sheldon St, Unit 2A | 47 Sheldon St | 1BR,1BA | $1.20 |
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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, RIPopulation: 179,335
Ranked #144
in US Census Population by City
Pet Friendly Lifestyle
Ranked #
Among cities in Rhode Island for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
Pet Friendly
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Providence, RI Rentals by Map
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Getting Around Providence, RI
Walk Score®
84 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
65 / 100
Bikeable
Some bike infrastructure
Transit Score®
52 / 100
Good Transit
Many nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Providence Apartments
What is the Cheapest Studio apartment in Providence?
Currently the most affordable Cheap Studio Apartment in Providence is at The Presley Apartments listed at $1,295.
How much is rent for a Cheap One Bedroom Providence Apartment?
The lowest price for a Cheap One Bedroom Providence Apartment is $950 at 339-343 Thayer St.
What is the lowest price for a Cheap Two Bedroom Providence Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Providence is starting from $1,650 at Westwood Manor.
What is the most affordable Providence Three Bedroom Apartment?
The best deal on a cheap Providence Three Bedroom Apartment rental is at Paragon Mill and starts from $2,425.
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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.

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.