Cheap Apartments for Rent in the Downcity Neighborhood of Providence, RI from $500 (96 Rentals)

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

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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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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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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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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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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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 Studio unit found at University Heights Apartments priced from $1,455. The Case-Mead Lofts has the second lowest priced unit, which is a Studio apartment currently listed from $1,540. Here are the most affordable Downcity apartments for rent in Providence, RI:

Apartment ListingModel NameBed/BathPriced From
University Heights ApartmentsElmhurstStudio,1BA$1,455
The Case-Mead LoftsMicroloftStudio,1BA$1,540
Douglas Apartments-An Active Adult Community1x1 Renovated1BR,1BA$1,550
Charles LandingStudioStudio,1BA$1,550
110 Benefit Street Apartment Homes1 Bedroom 1 Bathroom1BR,1BA$1,650
Westwood Manor2 Beds, 1 bath2BR,1BA$1,650
The Belmore1 Bedroom1BR,1BA$1,699

Best Value Apartments for Rent in Downcity, RI

As of January 03, 2026 the best value apartment in the Downcity area is the $0.72 price per square foot 415 Weeden St Model at 415 Weeden St, Unit 1 in the in the Downcity neighborhood starting from $1,760. 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 1415 Weeden St2BR,1BA$0.72
18 Piedmont St, Unit Fl 218 Piedmont St3BR,3BA$1.39
184 Webster Ave, Unit Apt2184 Webster Ave3BR,1BA$1.23
46 Pembroke Ave, Unit 4646 Pembroke Ave3BR,1BA$1.43
61 De Pasquale Ave, Unit APT # 261 De Pasquale Ave2BR,1BA$1.47
38 Williams St, Unit 1st floor38 Williams St3BR,1.5BA$1.40
86 Home Ave, Unit 186 Home Ave2BR,1BA$1.56
117 Hanover St, Unit 1117 Hanover St3BR,1BA$1.50
10 Mount Vernon St, Unit 210 Mount Vernon St2BR,1BA$1.51
313 Branch Ave, Unit 313 Branch Ave. Apt #1313 Branch Ave2BR,1BA$1.62

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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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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Best Local Schools in
Downcity, Providence, RI

School data provided by Great Schools

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 $1,699.

What is the price of a cheap apartment in Downcity?

The cheapest apartment in Downcity is Douglas Apartments-An Active Adult Community which is listed at $1,550, while the average apartment in Downcity costs $13,108.

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 4 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 $214 which is $12,894 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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!