Cheap Apartments for Rent in Providence, RI from $500 (114 Rentals)

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21 Radcliffe Ave
$950
Total Monthly Price

Total Monthly Price

Base Rent
$950
Total Monthly Price
$950
1 Bedroom Apartment Available Now

21 Radcliffe Ave

21 Radcliffe AveProvidence, RI 02908
Furnished
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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Tempo & Tandem
$1,117 - $2,586Studio to 3 Bedroom Apartments Contact Us For Availability

Tempo & Tandem

55 George M Cohan BlvdProvidence, RI 02903
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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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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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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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East Side Apartments
Studio to 1 Bedroom Apartments

East Side Apartments

83 Doyle AveProvidence, RI 02904
Senior Living
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9 Euclid Ave
1 to 6 Bedroom Apartments

9 Euclid Ave

9 Euclid AveProvidence, RI 02906

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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: 06/22/2026

Current apartment rentals in the Providence, RI area range in price from $742 to $35,666 with an overall median price of $4,252. The three Providence neighborhoods with the lowest median rent pricing are South Elmwood at $2,100, Washington Park at $899, and Reservoir at $2,300. 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$2,100$2,1001
Washington Park$2,130$8997
Reservoir$2,400$2,3002
Valley$2,500$1,55017
West End Providence$2,500$90057
Warwick West Warwick$2,600$1,24567
Olneyville$2,900$90030
Federal Hill$2,947$754136
Outer Downcity East Side$3,000$1,40019
Linwood$3,000$1,5006

Cheapest Available Providence Apartments for Rent

 

The cheapest available apartment rental in Providence, RI is a 1 Bed unit found at The Flynn in the Elmwood neighborhood priced from $1,171. 84 Spring St in the Darlington neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,345. Here is today’s list of the most affordable Providence apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Flynn1 Bedroom1BR,1BA$1,171
84 Spring St1 Beds, 1 Baths1BR,1BA$1,345
244 Bowen StStudioStudio,1BA$1,400
Wayland Manor ApartmentsStudio1BR,1BA$1,400

Best Value Apartments for Rent in Providence, RI

As of June 23, 2026 the best value apartment in the Providence area is the $0.45 price per square foot 123 Vinton St Model at 123 Vinton St, Unit 2 in the in the Manton neighborhood starting from $900. The second greatest value Providence apartment is the 2 Bed 1 Bath Model at American Wire Residential Lofts starting at $2,130 with a $1.26 price per square foot in the Darlington 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.
123 Vinton St, Unit 2123 Vinton St4BR,1BA$0.45
American Wire Residential Lofts2 Bed 1 Bath2BR,1BA$1.26
Westminster Lofts1 Bedroom1BR,1BA$1.48
710 River Ave, Unit 2710 River Ave2BR,1BA$1.25
30 Pekin St, Unit Apt330 Pekin St3BR,1BA$1.24
53 Vernon Street, Unit Apt 853 Vernon Street2BR,1BA$1.39
76 Providence St, Unit FL 176 Providence St1BR,1BA$0.60
9 Beech St, Unit 39 Beech St2BR,1BA$1.38
95 Wayland Ave, Unit 295 Wayland Ave2BR,1BA$1.14
583 Charles St583 Charles St2BR,1BA$1.50

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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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 Area Reviews

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April • 4+ years in Providence

March 15, 2026

Great for students and those who love proximity to the Atlantic coast.

April

December 14, 2025

Great for students, families, young professionals, and industry workers.

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 $1,400.

What is the price of a cheap apartment in Providence?

The cheapest apartment in Providence is The Flynn which is listed at $1,171, while the average apartment in Providence costs $4,252.

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 159 regular apartments in Providence that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Providence?

Cheap apartments in Providence have an average cost of $440 which is $3,812 cheaper than the average rent for all rentals in Providence.

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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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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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.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.