
New Apartments for Rent in Providence, RI Under $5,000 (58 Rentals) Page 2 of 2


The Presley Apartments

Boulder Farms Villas

125 Midway

25 Circle St

100 Dexter St

Building 11

Lincoln Lofts
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 | $1,952 | $742 | $3,900 |
| Providence 1 Bedroom Apartments | $2,124 | $780 | $4,500 |
| Providence 2 Bedroom Apartments | $2,758 | $1,000 | $6,573 |
| Providence 3 Bedroom Apartments | $2,656 | $833 | $6,412 |
| Providence 4 Bedroom Apartments | $3,726 | $900 | $9,421 |
| Providence 5 Bedroom Apartments | $3,683 | $2,750 | $5,000 |
| Providence 6 Bedroom Apartments | $9,963 | $3,800 | $10,000+ |
Explore Providence
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 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

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.