Cheap Apartments for Rent in Providence, RI from $500 (187 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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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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property at 170 Allston St

$1,600 - $1,700

2 To 3 Bedroom Rentals

Available Now

170 Allston St

ProvidenceRI02908

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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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: 12/18/2025

Current apartment rentals in the Providence, RI area range in price from $720 to $25,000 with an overall median price of $3,382. The three Providence neighborhoods with the lowest median rent pricing are Hartford at $1,295, Elmwood at $950, and Mount Pleasant at $1,550. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Providence Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Hartford$1,685$1,2954
Elmwood$2,025$9509
Mount Pleasant$2,025$1,55013
Lower South Providence$2,100$95012
Washington Park$2,200$99515
Silver Lake$2,225$1,2955
Reservoir$2,325$1,8007
Outer Downcity East Side$2,400$1,10037
Linwood$2,425$1,6003
South Elmwood$2,500$1,4004

Cheapest Available Providence Apartments for Rent

 

The cheapest available apartment rental in Providence, RI is a 2 Beds unit found at G Square in the College Hill neighborhood priced from $127. 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 ListingModel NameBed/BathPriced From
G SquareThe Lovecraft2BR,2BA$127
The Presley ApartmentsCozy StudioStudio,1BA$1,295
Mansion House ApartmentsOne Bedroom1BR,1BA$1,340
University Heights ApartmentsElmhurstStudio,1BA$1,455
Garden VillageThe JuniperStudio,1BA$1,460
Roosevelt MillsStudioStudio,1BA$1,475
The Case-Mead LoftsMicroloftStudio,1BA$1,540

Best Value Apartments for Rent in Providence, RI

As of December 18, 2025 the best value apartment in the Providence area is the $1.46 price per square foot 18 Piedmont St Model at 18 Piedmont St, Unit Fl 2 in the in the Manton neighborhood starting from $3,300. The second greatest value Providence apartment is the 66 Health Ave Model at 66 Health Ave, Unit 3rd floor starting at $2,200 with a $1.16 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 ListingModel NameBed/BathPrice Per Sq.Ft.
18 Piedmont St, Unit Fl 218 Piedmont St3BR,3BA$1.46
66 Health Ave, Unit 3rd floor66 Health Ave3BR,1BA$1.16
406 Cahill St, Unit 1406 Cahill St2BR,1BA$1.13
American Wire Residential Lofts2 Bed 1 Bath2BR,1BA$1.16
46 Pembroke Ave, Unit 4646 Pembroke Ave3BR,1BA$1.43
38 Williams St, Unit 1st floor38 Williams St3BR,1.5BA$1.40
86 Home Ave, Unit 186 Home Ave2BR,1BA$1.48
10 Mount Vernon St, Unit 210 Mount Vernon St2BR,1BA$1.51
313 Branch Ave, Unit 313 Branch Ave. Apt #1313 Branch Ave2BR,1BA$1.62
33 Tingley St, Unit 2R33 Tingley St1BR,1BA$1.60

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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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

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 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 $1,540.

What is the price of a cheap apartment in Providence?

The cheapest apartment in Providence is Mansion House Apartments which is listed at $1,340, while the average apartment in Providence costs $3,382.

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 120 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

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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.