Cheap Apartments for Rent in the Downcity Neighborhood of Providence, RI from $500 (100 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downcity area of Providence.

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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 24 De Soto St

$1,450 - $1,500

1 Bedroom Rentals

Available Now

24 De Soto St

ProvidenceRI02909
property at 98 Knight St

$1,475 - $2,300

1 To 2 Bedroom Rentals

Available Now

98 Knight St

ProvidenceRI02909
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10 Huron St
$1,500
Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500
2 Bedroom Apartment Available Mar 1

10 Huron St

10 Huron StProvidence, RI 02908
Cost Per Sq.Ft.
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46 Barton St, Unit #3
$1,600
Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600
1 Bedroom Apartment Available Mar 1

46 Barton St, Unit #3

46 Barton StProvidence, RI 02909
Affordability
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71 Pembroke Ave, Unit 2
$1,600
Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600
2 Bedroom Apartment Available Now

71 Pembroke Ave, Unit 2

71 Pembroke AveProvidence, RI 02908
Affordability

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195 Lippitt St, Unit 2
$1,600
Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600
2 Bedroom Apartment Available Apr 1

195 Lippitt St, Unit 2

195 Lippitt StProvidence, RI 02906
Cost Per Sq.Ft.
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37 Hudson St
$1,700
Total Monthly Price

Total Monthly Price

Base Rent
$1,700

Total Monthly Price
$1,700
2 Bedroom Apartment Available Now

37 Hudson St

37 Hudson StProvidence, RI 02909
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East Side Apartments
Studio to 1 Bedroom Apartments

East Side Apartments

83 Doyle AveProvidence, RI 02904
Senior Living

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Downcity, Providence, RI Local Guide

Cheapest Available Downcity Apartments for Rent

 

The cheapest available apartment rental in the Downcity area of Providence, RI is a 1 Bed unit found at Paragon Mill priced from $1,132. Charles Landing has the second lowest priced unit, which is a Studio apartment currently listed from $1,525. Here are the most affordable Downcity apartments for rent in Providence, RI:

Apartment ListingModel NameBed/BathPriced From
Paragon Mill1BR 1BA1BR,1BA$1,132
Charles LandingStudioStudio,1BA$1,525
University Heights ApartmentsElmhurstStudio,1BA$1,538
The Case-Mead LoftsMicroloftStudio,1BA$1,540
Residences at Woodlawn1 Bedroom1BR,1BA$1,545
The Village LoftsV0x1CStudio,1BA$1,548
Douglas Apartments-An Active Adult Community1x1 Renovated1BR,1BA$1,550

Best Value Apartments for Rent in Downcity, RI

As of February 22, 2026 the best value apartment in the Downcity area is the $0.86 price per square foot 415 Weeden St Model at 415 Weeden St, Unit 2 in the in the Downcity neighborhood starting from $2,100. The second greatest value Downcity apartment is the 18 Piedmont St Model at 18 Piedmont St, Unit Fl 2 starting at $3,150 with a $1.39 price per square foot in the Manton neighborhood. Here is today’s list of the best values for Downcity apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
415 Weeden St, Unit 2415 Weeden St3BR,1BA$0.86
18 Piedmont St, Unit Fl 218 Piedmont St3BR,3BA$1.39
11 Handy St, Unit 11 handy st11 Handy St2BR,1BA$0.97
38 Williams St, Unit 1st floor38 Williams St3BR,1.5BA$1.40
710 River Ave, Unit 2710 River Ave2BR,1BA$1.39
250 Federal St, Unit 1250 Federal St3BR,1BA$1.46
43 Westerly Ave, Unit 1st Floor Unit43 Westerly AveStudio ,1BA$1.67
86 Home Ave, Unit 386 Home Ave2BR,1BA$1.33
25 Fallon Ave25 Fallon Ave3BR,1BA$1.71
37 Hudson St37 Hudson St2BR,1BA$1.70

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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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Pet Friendly Lifestyle
Downcity, Providence, RI

Ranked #1

Among cities in Rhode Island for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

Our team of engineers and researchers is happy to bring you Lifestyle Ratings of rentals and neighborhoods across the USA, including Providence. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for the best proximity to parks and outdoor amenities, luxury housing options, transit availability, pet-friendly communities, family-friendly amenities, and other valuable search options. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Downcity Apartments

What is a cheap apartment in Downcity?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downcity is under $1,550.

What is the price of a cheap apartment in Downcity?

The cheapest apartment in Downcity is Paragon Mill which is listed at $1,132, while the average apartment in Downcity costs $4,800.

What types of apartments are the cheapest in Downcity?

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 2 regular apartments in Downcity 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 Downcity?

Cheap apartments in Downcity have an average cost of $137 which is $4,663 cheaper than the average rent for all rentals in Downcity.

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

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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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