Cheap Apartments for Rent in Providence, RI from $500 (101 Rentals)

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

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 68 Russo St

$1,050 - $1,250

1 Bedroom Rentals

Available Now

68 Russo St

ProvidenceRI02904

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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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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3 Doane Ave
$1,500
Total Monthly Price

Total Monthly Price

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

3 Doane Ave

3 Doane AveProvidence, RI 02906
Affordability
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14 Trenton Street
2 Bedroom Apartments

14 Trenton Street

14-16 Trenton StProvidence, RI 02906

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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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
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The Plant
Studio to 1 Bedroom Apartments

The Plant

60 Valley StProvidence, RI 02909
  • Utilities Included
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The 91 Lofts
Studio Apartments

The 91 Lofts

91 Hartford AveProvidence, RI 02909
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18 8th St
Studio to 2 Bedroom Apartments

18 8th St

18 8th StProvidence, RI 02906
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176 Atlantic Ave
1 Bedroom Apartments

176 Atlantic Ave

176 Atlantic AveProvidence, RI 02907

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: 08/07/2026

Current apartment rentals in the Providence, RI area range in price from $742 to $15,553 with an overall median price of $2,542. The three Providence neighborhoods with the lowest median rent pricing are Washington Park at $1,265, Hartford at $1,550, and South Elmwood at $1,750. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Providence Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Washington Park$1,265$9503
Hartford$1,550$1,5501
South Elmwood$1,750$1,7501
Linwood$1,775$1,4004
Elmwood$1,800$7807
Lower South Providence$1,800$78010
Silver Lake$1,925$8003
Mt Hope$1,937$1,60011
Mount Pleasant$1,950$1,9003
Charles$1,975$1,05012

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 $1,275. 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$1,275
98 Anthony Ave1 Beds, 1 Baths1BR,1BA$1,350
The Presley ApartmentsCozy StudioStudio,1BA$1,386
84 Prospect St1 Beds, 1 Baths1BR,1BA$1,395
Wayland Manor ApartmentsStudio1BR,1BA$1,400
244 Bowen StStudioStudio,1BA$1,400

Best Value Apartments for Rent in Providence, RI

As of August 07, 2026 the best value apartment in the Providence area is the $0.17 price per square foot 119 Hanover St Model at 119 Hanover St, Unit 2 in the in the Manton neighborhood starting from $1,725. 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.
119 Hanover St, Unit 2119 Hanover St2BR,1BA$0.17
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
70 Rowan St70 Rowan St3BR,1BA$1.57
The Lofts at Pontiac MillsOne Bedroom - Loft1BR,1BA$1.59
76 Providence St, Unit FL 176 Providence St4BR,2BA$0.60
39 7th St, Unit Apartment for rent39 7th St3BR,1BA$1.60
102 Capuano Ave, Unit 102 A102 Capuano Ave1BR,1BA$1.59
20 Everett St, Unit 120 Everett St2BR,1BA$1.56

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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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 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 $2,542.

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 168 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 $524 which is $2,018 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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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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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.