
Cheap Apartments for Rent in the Downcity Neighborhood of Providence, RI from $500 (60 Rentals) Page 2 of 2
Search the lowest-cost Apartments available for rent right now in the Downcity area of Providence.


The 903 Residences At Providence Place

420 Woodward Rd, Unit 5

123 Francis Ave, Unit 3

Lofts at Lyman Mill
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

151 Franklin Ave

Northfield Manor

Mineral Spring Gardens

98 Anthony Ave

Hillside Terrace Apartments
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.
Downcity, Providence, RI Local Guide

How much does it cost to rent an apartment in Downcity?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downcity Studio Apartments | $1,943 | $742 | $2,479 |
| Downcity 1 Bedroom Apartments | $2,176 | $800 | $3,950 |
| Downcity 2 Bedroom Apartments | $2,703 | $1,205 | $6,740 |
| Downcity 3 Bedroom Apartments | $2,505 | $1,595 | $6,977 |
| Downcity 4 Bedroom Apartments | $3,365 | $750 | $6,000 |
| Downcity 5 Bedroom Apartments | $3,350 | $2,800 | $4,250 |
Browse Apartments in this Neighborhood
There are currently 60 rentals with your search options within a 2 mile radius of the Downcity Neighborhood of Providence, RI.
See all Apartments in ProvidenceExplore Providence
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 $1,445.
What is the price of a cheap apartment in Downcity?
The cheapest apartment in Downcity is The Flynn which is listed at $1,171, while the average apartment in Downcity costs $2,250.
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 34 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 $293 which is $1,957 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

Your Local Guide to Providence Student Housing: Best Neighborhoods for College Renters
Written by: M. April Tome
Hi, I’m April, your local guide for living in Providence, RI. I attended college in Providence and lived in this great city for many years.

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.