
Cheap Apartments for Rent in Providence, RI from $500 with Swimming Pool (8 Rentals)
Search the lowest-cost Apartments available for rent right now in Providence.


The 903 Residences At Providence Place

Total Monthly Price
138 Wilmarth Ave, Unit 2nd Floor, Unit 2nd Floor

The Presley Apartments
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.

Mansion House Apartments

Parkview

Newport Avenue Apartments

Chateau Belvedere
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Providence, RI Local Guide

How much does it cost to rent an apartment in Providence?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Providence Studio Apartments | $1,981 | $742 | $3,599 |
| Providence 1 Bedroom Apartments | $2,147 | $780 | $4,500 |
| Providence 2 Bedroom Apartments | $2,758 | $1,000 | $6,573 |
| Providence 3 Bedroom Apartments | $2,595 | $833 | $6,000 |
| Providence 4 Bedroom Apartments | $3,848 | $900 | $10,000+ |
| Providence 5 Bedroom Apartments | $3,925 | $2,800 | $5,000 |
| Providence 6 Bedroom Apartments | $5,597 | $3,600 | $7,594 |
Explore Providence

Providence, RI Local Guide
- Providence Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick 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.
Providence, RIPopulation: 179,335
Ranked #144
in US Census Population by City
Pet Friendly Lifestyle
Ranked #
Among cities in Rhode Island for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
Pet Friendly
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Providence, RI Rentals by Map
See the most popular apartments and homes in Providence, RI
Providence, RI Area Reviews
April • 4+ years in Providence
March 15, 2026Great for students and those who love proximity to the Atlantic coast.
April
December 14, 2025Great 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 $1,495.
What is the price of a cheap apartment in Providence?
The cheapest apartment in Providence is Paragon Mill which is listed at $1,132, while the average apartment in Providence costs $4,730.
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 111 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

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.

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.

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.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.