Cheap Apartments for Rent in Providence, RI from $500 (179 Rentals)

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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
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property at 98 Knight St

$1,475 - $2,300

1 To 2 Bedroom Rentals

Available Now

98 Knight St

ProvidenceRI02909

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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54 Sutton St
$1,600 - $2,200
Total Monthly Price

Total Monthly Price

Base Rent
$1,600 - $2,200
Total Monthly Price
$1,600 - $2,200
Studio to 1 Bedroom Apartment Available Now

54 Sutton St

54 Sutton StProvidence, RI 02903
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90 Rosedale St, Unit #2
$1,600
Total Monthly Price

Total Monthly Price

Base Rent
$1,600
Total Monthly Price
$1,600
2 Bedroom Apartment Available May 1

90 Rosedale St, Unit #2

90 Rosedale StProvidence, RI 02909
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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 Now

37 Hudson St, Unit Unit#3

37 Hudson StProvidence, RI 02909
Cost Per Sq.Ft.
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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: 04/05/2026

Current apartment rentals in the Providence, RI area range in price from $742 to $34,348 with an overall median price of $5,077. The three Providence neighborhoods with the lowest median rent pricing are Reservoir at $1,950, Silver Lake at $850, and Hartford at $1,500. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Providence Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Reservoir$2,000$1,9505
Silver Lake$2,000$8509
Hartford$2,107$1,5003
Outer Downcity East Side$2,197$1,25026
South Elmwood$2,300$1,7002
Linwood$2,450$1,3005
Warwick West Warwick$2,600$1,200124
Olneyville$3,000$1,47541
Valley$3,000$1,52526
Washington Park$3,000$1,0484

Cheapest Available Providence Apartments for Rent

 

The cheapest available apartment rental in Providence, RI is a 1 Bed unit found at Copley Chambers II & III in the Downtown Providence neighborhood priced from $1,169. 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
Copley Chambers II & III1 Bedroom1BR,1BA$1,169
The Presley ApartmentsCozy StudioStudio,1BA$1,295
Garden VillageThe JuniperStudio,1BA$1,460
Friendly Community ManorThe Linden1BR,1BA$1,470
747 PontiacStudioStudio,1BA$1,495
22-24 Pocasset Ave1 x 11BR,1BA$1,500

Best Value Apartments for Rent in Providence, RI

As of April 05, 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 2 Bath Model at US Rubber Lofts starting at $2,680 with a $1.45 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.
137 Worcester Ave, Unit 1137 Worcester Ave3BR,1BA$1.26
US Rubber Lofts3 Bed 2 Bath3BR,2BA$1.45
46 Pembroke Ave, Unit 4646 Pembroke Ave3BR,1BA$1.43
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
15 Cliff St, Unit 115 Cliff St2BR,1BA$1.35
86 Home Ave, Unit 386 Home Ave2BR,1BA$1.33
Copley Chambers II & III1 Bedroom1BR,1BA$1.46

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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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!

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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 $1,500.

What is the price of a cheap apartment in Providence?

The cheapest apartment in Providence is Copley Chambers II & III which is listed at $1,169, while the average apartment in Providence costs $5,077.

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.

How do the prices of cheap apartments compare to the average apartment in Providence?

Cheap apartments in Providence have an average cost of $324 which is $4,753 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

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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Maximizing Your Refund: Essential Tax Tips for Renters

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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.

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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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