Cheap New Apartments for Rent in Providence, RI from $500 (24 Rentals)

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9 Euclid Ave
Built in 20201 to 6 Bedroom Apartments

9 Euclid Ave

9 Euclid AveProvidence, RI 02906
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The 91 Lofts
Built in 2018Studio Apartments

The 91 Lofts

91 Hartford AveProvidence, RI 02909
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Tempo
Built in 2025Studio to 3 Bedroom Apartments

Tempo

55 George M Cohan BlvdProvidence, RI 02903
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18 8th St
Built in 2021Studio to 2 Bedroom Apartments

18 8th St

18 8th StProvidence, RI 02906

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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101 Hillside Ave.
Built in 2017Studio to 2 Bedroom Apartments

101 Hillside Ave.

101 Hillside AveProvidence, RI 02906
  • Utilities Included
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530 Broadway
Built in 2020Studio to 1 Bedroom Apartments

530 Broadway

530 BroadwayProvidence, RI 02909
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40 Jones St
Built in 2018Studio to 2 Bedroom Apartments

40 Jones St

40 Jones StProvidence, RI 02903
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12 Piedmont
Built in 20211 Bedroom Apartments

12 Piedmont

12 Piedmont StProvidence, RI 02909
  • Utilities Included

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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Lincoln Lofts
Built in 20211 to 2 Bedroom Apartments

Lincoln Lofts

90 Industrial CirLincoln, RI 02865
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Building 11
Built in 2017Studio to 2 Bedroom Apartments

Building 11

11 Newman AveRumford, RI 02916
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100 Dexter St
Built in 2016Studio to 3 Bedroom Apartments

100 Dexter St

100 Dexter StPawtucket, RI 02860
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135 - 153 Waterman Ave
Built in 2023Studio to 2 Bedroom Apartments

135 - 153 Waterman Ave

135 - 153 Waterman AveEast Providence, RI 02914

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.

Providence, RI Local Guide

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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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, 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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April4+ 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 $1,450.

What is the price of a cheap apartment in Providence?

The cheapest apartment in Providence is Mansion House (Riverside) which is listed at $1,295, while the average apartment in Providence costs $4,584.

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 103 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

decorative image for From Blue-Collar to Bustling: Discover the Best Affordable Neighborhoods for Renting in Providence article

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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.