Cheap Homes for Rent in Downcity Neighborhood of Providence, RI from $700 (29 Rentals)

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

property at 33 Hamilton St

$875

Total Monthly Price

Total Monthly Price

Base Rent
$875
Total Monthly Price
$875

4 Bedroom, 3.5 Bath Home for Rent

Available Now

33 Hamilton St

ProvidenceRI02907

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.

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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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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.

Read Article
property at 481 Pine St

$1,525

Total Monthly Price

Total Monthly Price

Base Rent
$1,525
Total Monthly Price
$1,525

1 Bedroom, 1 Bath Home for Rent

Available Now

481 Pine St

ProvidenceRI02907

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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Showing Results 1-29, Page 1 of 1

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 244 Bowen St priced from $1,400. Case Mead Lofts has the second lowest priced unit, which is a Studio apartment currently listed from $1,485. Here are the most affordable Downcity apartments for rent in Providence, RI:

Apartment ListingModel NameBed/BathPriced From
244 Bowen StStudioStudio,1BA$1,400
Case Mead LoftsMicro-LoftStudio,1BA$1,485
Residences at Woodlawn1 Bedroom1BR,1BA$1,545

Best Value Apartments for Rent in Downcity, RI

As of June 04, 2026 the best value apartment in the Downcity area is the $0.45 price per square foot 123 Vinton St Model at 123 Vinton St, Unit 2 in the in the Manton neighborhood starting from $900. The second greatest value Downcity apartment is the 1 Bedroom Model at Westminster Lofts starting at $2,345 with a $1.48 price per square foot in the College Hill 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.
123 Vinton St, Unit 2123 Vinton St4BR,1BA$0.45
Westminster Lofts1 Bedroom1BR,1BA$1.48
710 River Ave, Unit 2710 River Ave2BR,1BA$1.25
188 Stanwood St, Unit 2188 Stanwood St3BR,1BA$1.50
76 Providence St, Unit FL 176 Providence St1BR,1BA$0.60
97 Raymond St, Unit 97 Raymond St Providence97 Raymond St3BR,1BA$1.63
65 Bellevue Ave, Unit 65 Bellevue Ave 1st Floor65 Bellevue Ave2BR,1BA$1.50
37 Hudson St, Unit Unit#337 Hudson St2BR,1BA$1.65
583 Charles St583 Charles St2BR,1BA$1.50
10 Traverse St, Unit Private rooms10 Traverse St1BR,1BA$1.22

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 1412 Apartments for Rent in Downcity, RI with pricing that ranges from $742 to $16,541. There are also 198 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downcity ranging from $750 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 $750 to $5,500 with an average monthly rent of $2,963.

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 $1,650 to $5,908, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,700 to $3,500. Four Bedroom Single-Family rentals are also available starting from $875 and Four Bedroom Apartments start at $900.

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

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

Written by: M. April Tome

I’m April, your ApartmentHomeLiving.com Local Export for Providence, RI. Providence is the capital of Rhode Island. It is a bustling city with a small-town New England vibe.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.