New Apartments for Rent in Providence, RI Under $5,000 (58 Rentals)

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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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165 Rounds Ave, Unit #B, Unit #B
$1,850
Total Monthly Price

Total Monthly Price

Base Rent
$1,850
Total Monthly Price
$1,850
Built in 20251 Bedroom Apartment Available May 1

165 Rounds Ave, Unit #B, Unit #B

165 Rounds AveProvidence, RI 02907
Affordability
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95 Cedar Street
Built in 2024Studio to 2 Bedroom Apartments

95 Cedar Street

95 Cedar StProvidence, RI 02903
  • Utilities Included
  • Smoke Free

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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219 Waterman Street
Built in 20222 Bedroom Apartments

219 Waterman Street

219 Waterman StProvidence, RI 02906
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1290W
Built in 2020Studio to 2 Bedroom Apartments

1290W

1292 Westminster StProvidence, RI 02909
  • Utilities Included
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34 Knight St
Built in 20231 to 2 Bedroom Apartments

34 Knight St

34 Knight StProvidence, RI 02909
  • Utilities Included
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11-15 Piedmont St
Built in 20201 Bedroom Apartments

11-15 Piedmont St

11-15 Piedmont StProvidence, RI 02909
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8 Hewitt St
Built in 2022Studio to 2 Bedroom Apartments

8 Hewitt St

8 Hewitt StProvidence, RI 02909
  • Utilities Included
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468 W Fountain St
Built in 2021Studio to 3 Bedroom Apartments

468 W Fountain St

468 W Fountain StProvidence, RI 02903
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12 Piedmont
Built in 20211 Bedroom Apartments

12 Piedmont

12 Piedmont StProvidence, RI 02909
  • Utilities Included
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40 Jones St
Built in 2018Studio to 2 Bedroom Apartments

40 Jones St

40 Jones StProvidence, RI 02903
  • Utilities Included
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River House
Built in 2018Studio to 2 Bedroom Apartments

River House

1 Point StProvidence, RI 02903
Student Housing
  • Utilities Included

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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530 Broadway
Built in 2020Studio to 1 Bedroom Apartments

530 Broadway

530 BroadwayProvidence, RI 02909
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101 Hillside Ave.
Built in 2017Studio to 2 Bedroom Apartments

101 Hillside Ave.

101 Hillside AveProvidence, RI 02906
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18 8th St
Built in 2021Studio to 2 Bedroom Apartments

18 8th St

18 8th StProvidence, RI 02906
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Tempo
Built in 2025Studio to 3 Bedroom Apartments

Tempo

55 George M Cohan BlvdProvidence, RI 02903
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The 91 Lofts
Built in 2018Studio Apartments

The 91 Lofts

91 Hartford AveProvidence, RI 02909
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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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Alta Altitude
Rent Specials
$2,166 - $3,101
Total Monthly Price

Total Monthly Price

Base Rent
$2,166 - $3,101
Total Monthly Price
Varies
Built in 20251 to 3 Bedroom Apartments Available Now

Alta Altitude

2119 Post RdWarwick, RI 02886
Family Friendly
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  • Customer Reviewed
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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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446 Waterman Ave
$1,800 - $1,950
Total Monthly Price

Total Monthly Price

Base Rent
$1,800 - $1,950
Total Monthly Price
$1,800 - $1,950
Built in 20251 Bedroom Apartments Available Now

446 Waterman Ave

446 Waterman AveEast Providence, RI 02914
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  • Customer Reviewed
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Providence, RI Local Guide

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.

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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

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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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!

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 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 New Providence Apartments

What is the Cheapest New apartment in Providence?

Currently the most affordable New Apartment in Providence is at Copley Chambers II & III listed at $754.

How much is the average rent for a New Providence Apartment?

The average rent for a New Apartment in Providence is $3,009.

What is the largest New Providence Apartment for rent?

Today's New apartment with the most square footage in Providence is a 1,772 square feet unit starting from $4,250 at 123 Friendship St, Unit 5B.

What is the average size for Providence New Apartments for rent?

The average size for a New rental in Providence is currently at 677 sq ft.

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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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.

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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.

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

Written by: Lauren Harrington

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