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.

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

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Copley Chambers
Studio to 2 Bedroom Apartments

Copley Chambers

228 Broad StProvidence, RI 02903
  • Utilities Included
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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 339-343 Thayer St priced from $950. FOUND Study College Hill has the second lowest priced unit, which is a Studio apartment currently listed from $1,495. Here are the most affordable Downcity apartments for rent in Providence, RI:

Apartment ListingModel NameBed/BathPriced From
339-343 Thayer St4 Bed1BR,1BA$950
FOUND Study College HillMain - Efficiency StudioStudio,1BA$1,495
University Heights ApartmentsElmhurstStudio,1BA$1,575
Charles LandingStudioStudio,1BA$1,575
The Case-Mead LoftsStudioStudio,1BA$1,600

Best Value Apartments for Rent in Downcity, RI

As of September 19, 2025 the best value apartment in the Downcity area is the $1.13 price per square foot 292 Douglas Ave Model at 292 Douglas Ave, Unit 1st Floor in the in the Manton neighborhood starting from $1,800. The second greatest value Downcity apartment is the 185 Oakland Ave Model at 185 Oakland Ave, Unit 2 starting at $2,500 with a $1.67 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.
292 Douglas Ave, Unit 1st Floor292 Douglas Ave2BR,1BA$1.13
185 Oakland Ave, Unit 2185 Oakland Ave3BR,1BA$1.67
61 Cypress St, Unit 261 Cypress St3BR,1BA$1.37
1 Metcalf Ave, Unit 21 Metcalf Ave3BR,1BA$1.76
30 Goddard St, Unit 330 Goddard St3BR,1BA$1.71
32 Goddard St, Unit 3rd Floor32 Goddard St1BR,4BA$1.74
13 Stayton St, Unit 2nd floor13 Stayton St2BR,1BA$1.68
15 Pinehurst Ave, Unit #215 Pinehurst Ave2BR,1BA$1.73
151 Regent Ave, Unit 151 Regent #3151 Regent Ave2BR,1BA$1.72
26-2 Cooper St, Unit Cooper26-2 Cooper St2BR,1BA$1.75

Quick Rent Budget Calculator

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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 #28

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 $1,600.

What is the price of a cheap apartment in Downcity?

The cheapest apartment in Downcity is 339-343 Thayer St which is listed at $950, while the average apartment in Downcity costs $5,150.

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 78 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 $383 which is $4,767 cheaper than the average rent for all rentals in Downcity.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.