Cheap Homes for Rent in the Downcity Neighborhood of Providence, RI from $900 (76 Rentals)

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

Your Local Guide to Providence Student Housing: Best Neighborhoods for College Renters

Discover affordable off-campus rentals and the best local neighborhoods for college life, featuring expert tips from a seasoned renter.

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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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From Blue-Collar to Bustling: Discover the Best Affordable Neighborhoods for Renting in Providence

Discover the top 7 affordable and charming neighborhoods in Providence, RI. This local expert's guide helps you find the best value living in the historic New England city.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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 The Flynn priced from $1,171. 98 Anthony Ave has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,395. Here are the most affordable Downcity apartments for rent in Providence, RI:

Apartment ListingModel NameBed/BathPriced From
The Flynn1 Bedroom1BR,1BA$1,171
98 Anthony Ave1 Beds, 1 Baths1BR,1BA$1,395
244 Bowen StStudioStudio,1BA$1,400
122 Benefit Street Apartment HomesStudioStudio,1BA$1,465
110 Benefit Street Apartment Homes1 Bedroom 1 Bathroom1BR,1BA$1,465
Residences at Woodlawn1 Bedroom1BR,1BA$1,545

Best Value Apartments for Rent in Downcity, RI

As of July 21, 2026 the best value apartment in the Downcity area is the $1.48 price per square foot 1 Bedroom Model at Westminster Lofts in the in the College Hill neighborhood starting from $2,345. The second greatest value Downcity apartment is the 61 Cypress St Model at 61 Cypress St, Unit 2 starting at $2,250 with a $1.54 price per square foot in the Hope 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.
Westminster Lofts1 Bedroom1BR,1BA$1.48
61 Cypress St, Unit 261 Cypress St3BR,1BA$1.54
710 River Ave, Unit 2710 River Ave2BR,1BA$1.25
70 Rowan St70 Rowan St3BR,1BA$1.57
30 Pekin St, Unit Apt230 Pekin St2BR,1BA$1.61
76 Providence St, Unit FL 176 Providence St4BR,2BA$0.60
8 Auburn Ave, Unit 10 Auburn Ave8 Auburn Ave1BR,1BA$1.50
117 Hanover St, Unit 2117 Hanover St3BR,1BA$1.71
25 Fallon Ave, Unit 125 Fallon Ave3BR,1BA$1.52
583 Charles St583 Charles St2BR,1BA$1.60

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 #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

Frequently Asked Questions about Downcity

What type of rentals are currently available in Downcity?

There are currently 1329 Apartments for Rent in Downcity, RI with pricing that ranges from $742 to $6,977. There are also 296 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downcity ranging from $950 to $5,500.

What is the current price range for Rental Homes in Downcity?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downcity ranges from $950 to $5,500 with an average monthly rent of $2,796.

How much are larger Three and Four Bedroom Rentals in Downcity?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downcity range from $1,600 to $6,977, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,650 to $5,100. Four Bedroom Single-Family rentals are also available starting from $2,350 and Four Bedroom Apartments start at $780.

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

decorative image for Your Local Guide to Providence Student Housing: Best Neighborhoods for College Renters article

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.

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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.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.