Cheap Homes for Rent in Downcity Neighborhood of Providence, RI from $900 (17 Rentals)

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

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.

property at 144 Benefit St

144 Benefit St

ProvidenceRI02903
property at 100 Taft Ave

100 Taft Ave

ProvidenceRI02906
property at 40 Sessions St

40 Sessions St

ProvidenceRI02906
property at 420 Woodward Rd

420 Woodward Rd

North ProvidenceRI02904

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.

property at 13 Evergreen St

13 Evergreen St

ProvidenceRI02906

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.

property at 296 Atwells Ave

296 Atwells Ave

ProvidenceRI02903

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 $1,003. The Case-Mead Lofts has the second lowest priced unit, which is a Studio apartment currently listed from $1,375. Here are the most affordable Downcity apartments for rent in Providence, RI:

Apartment ListingModel NameBed/BathPriced From
Paragon Mill1BR 1BA1BR,1BA$1,003
The Case-Mead LoftsMicroloftStudio,1BA$1,375
Charles LandingStudioStudio,1BA$1,625
The StudleyStudioStudio,1BA$1,625
Westwood Manor2 Beds, 1 bath2BR,1BA$1,650

Best Value Apartments for Rent in Downcity, RI

As of May 30, 2025 the best value apartment in the Downcity area is the $1.78 price per square foot 57 Forest St Model at 57 Forest St, Unit 2 in the in the Hope neighborhood starting from $3,200. The second greatest value Downcity apartment is the 530-305 Loft (3 bedroom 2 bath) Model at Lofts & Townhomes @ International Apartments starting at $2,695 with a $1.68 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.
57 Forest St, Unit 257 Forest St4BR,2BA$1.78
Lofts & Townhomes @ International Apartments530-305 Loft (3 bedroom 2 bath)3BR,2BA$1.68
Paragon Mill3BR 2BA3BR,2BA$1.54
55 Pinehurst Ave, Unit 55 pinehurst Ave55 Pinehurst Ave3BR,1BA$1.67
15 Jenkins St, Unit 1st floor15 Jenkins St2BR,1BA$1.41
114 Vandewater St, Unit 3114 Vandewater St2BR,1BA$1.83
154 Maplewood Ave, Unit 1154 Maplewood Ave3BR,1BA$1.75
40 Norwich Ave, Unit 340 Norwich Ave3BR,1BA$1.75
468 W Fountain St1 bed1BR,1BA$1.75
37 Peckham Ave, Unit 237 Peckham Ave1BR,1BA$1.88

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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Frequently Asked Questions about Downcity

What type of rentals are currently available in Downcity?

There are currently 1372 Apartments for Rent in Downcity, RI with pricing that ranges from $720 to $29,656. There are also 81 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downcity ranging from $950 to $15,000.

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 $15,000 with an average monthly rent of $4,507.

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 $1,327 to $5,986, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,000 to $4,700. Four Bedroom Single-Family rentals are also available starting from $2,699 and Four Bedroom Apartments start at $2,200.

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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.