Cheap Apartments for Rent in Providence, RI from $742 (220 Rentals)

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

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21 Radcliffe Ave
$950

Total Monthly Price

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

21 Radcliffe Ave

21 Radcliffe AveProvidence, RI 02908
Furnished
  • Smoke Free
property at 76 Pembroke Ave
$950 - $2,500
1 To 2 Bedroom Rentals
Available Now
Furnished

76 Pembroke Ave

ProvidenceRI02908

Your Local Guide to Providence Student Housing: Best Neighborhoods for College Renters

Discover affordable off-campus rentals and the best local neighborhoods for college life, featuring expert tips from a seasoned renter.

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property at 85 Vinton St
$1,099 - $1,175
1 Bedroom Rentals
Available Now
Furnished

85 Vinton St

ProvidenceRI02909

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.

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25 Fallon Ave, Unit 3
$1,200

Total Monthly Price

Base Rent$1,200
Total Monthly Price$1,200
1 Bedroom Apartment Available Now

25 Fallon Ave, Unit 3

25 Fallon AveProvidence, RI 02908
Affordability
property at 15 Monticello St
$1,250 - $1,650
1 To 2 Bedroom Rentals
Available Oct 1
Affordability

15 Monticello St

ProvidenceRI02904
property at 205 Washington Ave
$1,175 - $1,265
1 Bedroom Rentals
Available Now
Furnished

205 Washington Ave

ProvidenceRI02905

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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306 Veazie St, Unit Veazie
$1,500

Total Monthly Price

Base Rent$1,500
Total Monthly Price$1,500
Studio Apartment Available Oct 1

306 Veazie St, Unit Veazie

306 Veazie StProvidence, RI 02904
Furnished
  • Smoke Free

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.

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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: 09/21/2026

Current apartment rentals in the Providence, RI area range in price from $600 to $15,000 with an overall median price of $2,483. The three Providence neighborhoods with the lowest median rent pricing are Lower South Providence at $1,799, Hartford at $1,800, and Mount Pleasant at $1,850. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Providence Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Lower South Providence$1,799$78014
Hartford$1,800$1,5504
Mount Pleasant$1,850$1,20013
Charles$1,900$95015
Mt Hope$1,950$1,30019
Outer Downcity East Side$1,969$1,00033
Outer Downcity East Side$1,969$1,00031
Elmwood$2,000$78013
Reservoir$2,000$1,6503
South Elmwood$2,000$1,2008

Cheapest Available Providence Apartments for Rent

 

The cheapest available apartment rental in Providence, RI is a 1 Bed unit found at 91-97 Hedley Avenue priced from $1,150. The Flynn in the Elmwood neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,171. Here is today’s list of the most affordable Providence apartments for rent:

Apartment ListingModel NameBed/BathPriced From
91-97 Hedley Avenue1BR/1.0BA1BR, 1BA$1,150
The Flynn1 Bedroom1BR, 1BA$1,171
212-216 Illinois Street1BR/1.0BA1BR, 1BA$1,175
98 Anthony Ave1 Beds, 1 Baths1BR, 1BA$1,250
The Avenue - One Neighborhood BuildersOne Bedroom 60%1BR, 1BA$1,261

Best Value Apartments for Rent in Providence, RI

As of September 21, 2026 the best value apartment in the Providence area is the $0.82 price per square foot 89 Ralph St Model at 89 Ralph St, Unit 2 in the Manton neighborhood starting from $1,950. The second greatest value Providence apartment is the 24 Lawrence St Model at 24 Lawrence St, Unit 24 Lawrence st Apt A starting at $2,450 with a $1.17 price per square foot. 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.
89 Ralph St, Unit 289 Ralph St3BR, 1BA$0.82
24 Lawrence St, Unit 24 Lawrence st Apt A24 Lawrence St4BR, 1BA$1.17
Westminster LoftsStudioStudio, 1BA$0.89
46 Pembroke Ave, Unit 4646 Pembroke Ave3BR, 1BA$1.43
Residences at Woodlawn2 Bedroom Lofted Den2BR, 1BA$1.41
163 Sabin St, Unit Unit 3163 Sabin St2BR, 1BA$1.25
76 Providence St, Unit FL 176 Providence St4BR, 2BA$0.60
184-186 Allston Street3BR/1.5BA3BR, 1.5BA$1.41
183-185 Harrison Street2BR/1.0BA2BR, 1BA$1.20
24 Lincoln Ave, Unit 24 Lincoln24 Lincoln Ave1BR, 1BA$0.85

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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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!

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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 $1,261.

What is the price of a cheap apartment in Providence?

The cheapest apartment in Providence is 91-97 Hedley Avenue which is listed at $1,150, while the average apartment in Providence costs $2,483.

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 169 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 $470 which is $2,013 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

decorative image for Your Local Guide to Providence Student Housing: Best Neighborhoods for College Renters article

Your Local Guide to Providence Student Housing: Best Neighborhoods for College Renters

Written by: M. April Tome

Hi, I’m April, your local guide for living in Providence, RI. I attended college in Providence and lived in this great city for many years.

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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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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

decorative image for Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My! article

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.