Cheap Apartments for Rent in Providence, RI from $500 (168 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

Total Monthly Price

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

21 Radcliffe Ave

21 Radcliffe AveProvidence, RI 02908
Furnished
  • Smoke Free

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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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property at 98 Knight St

$1,475 - $2,300

1 To 2 Bedroom Rentals

Available Now

98 Knight St

ProvidenceRI02909

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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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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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37 Hudson St, Unit Unit#3
$1,650
Total Monthly Price

Total Monthly Price

Base Rent
$1,650
Total Monthly Price
$1,650
2 Bedroom Apartment Available Apr 1

37 Hudson St, Unit Unit#3

37 Hudson StProvidence, RI 02909
Cost Per Sq.Ft.
  • Smoke Free

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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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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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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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: 03/23/2026

Current apartment rentals in the Providence, RI area range in price from $742 to $34,348 with an overall median price of $5,066. The three Providence neighborhoods with the lowest median rent pricing are South Elmwood at $1,400, Reservoir at $1,950, and Outer Downcity East Side at $1,450. 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$1,600$1,4001
Reservoir$2,000$1,9503
Outer Downcity East Side$2,200$1,45025
Linwood$2,200$1,6004
Silver Lake$2,250$1,5008
Warwick West Warwick$2,400$1,210149
West End Providence$2,450$95066
Washington Park$2,500$1,0486
Hartford$2,585$1,5004
Elmwood$2,750$7809

Cheapest Available Providence Apartments for Rent

 

The cheapest available apartment rental in Providence, RI is a Studio unit found at The Presley Apartments in the Warwick West Warwick neighborhood priced from $1,350. Captain Willett in the Warwick West Warwick neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,450. Here is today’s list of the most affordable Providence apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Presley ApartmentsCozy StudioStudio,1BA$1,350
Captain WillettOne Bedroom1BR,1BA$1,450
Garden VillageThe JuniperStudio,1BA$1,460
747 PontiacStudioStudio,1BA$1,495
22-24 Pocasset Ave1 x 11BR,1BA$1,500
Friendly Community ManorThe Ivy1BR,1BA$1,520

Best Value Apartments for Rent in Providence, RI

As of March 24, 2026 the best value apartment in the Providence area is the $1.26 price per square foot 137 Worcester Ave Model at 137 Worcester Ave, Unit 1 in the in the Warwick West Warwick neighborhood starting from $2,400. The second greatest value Providence apartment is the 3 Bed 3 Bath Model at American Wire Residential Lofts starting at $2,870 with a $1.55 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.
137 Worcester Ave, Unit 1137 Worcester Ave3BR,1BA$1.26
American Wire Residential Lofts3 Bed 3 Bath3BR,3BA$1.55
US Rubber Lofts3 Bed 2 Bath3BR,2BA$1.45
93 Eldridge St, Unit 293 Eldridge St2BR,1BA$1.33
710 River Ave, Unit 2710 River Ave2BR,1BA$1.39
53 Vernon Street, Unit Apt 853 Vernon Street2BR,1BA$1.39
76 Providence St, Unit FL 176 Providence St1BR,1BA$0.60
86 Home Ave, Unit 386 Home Ave2BR,1BA$1.33
78 Cowden St, Unit 278 Cowden St3BR,1BA$1.45
1172 Roosevelt Ave, Unit Third1172 Roosevelt Ave2BR,1BA$1.48

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

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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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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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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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 $1,520.

What is the price of a cheap apartment in Providence?

The cheapest apartment in Providence is Captain Willett which is listed at $1,450, while the average apartment in Providence costs $5,066.

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 78 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 $227 which is $4,839 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

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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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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

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Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

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