
Cheap 1 Bedroom Apartments for Rent in the Downtown Providence Neighborhood of Providence, RI from $876 (15 Rentals)


Copley Chambers II & III

FOUND Study College Hill

The Studley

The Case-Mead Lofts
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.

79 Washington St

Regency Plaza

314 Benefit St.

274 S Main St

Providence Arcade
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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.

109 Bowen St

296 Benefit St.

110 Benefit Street Apartment Homes

Merchant Bank Building

122 Benefit Street Apartment Homes
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.
Downtown Providence, Providence, RI Local Guide

How much does it cost to rent an apartment in Downtown Providence?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Providence Studio Apartments | $2,058 | $742 | $3,900 |
Downtown Providence 1 Bedroom Apartments | $2,550 | $876 | $4,105 |
| Downtown Providence 2 Bedroom Apartments | $3,676 | $1,205 | $6,573 |
| Downtown Providence 3 Bedroom Apartments | $4,276 | $2,840 | $6,908 |
| Downtown Providence 4 Bedroom Apartments | $5,300 | $4,250 | $6,000 |
Explore Providence
Frequently Asked Questions about Cheap Downtown Providence Apartments
What is a cheap apartment in Downtown Providence?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Providence is under $2,222.
What is the price of a cheap apartment in Downtown Providence?
The cheapest apartment in Downtown Providence is FOUND Study College Hill which is listed at $1,595, while the average apartment in Downtown Providence costs $6,000.
What types of apartments are the cheapest in Downtown Providence?
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 15 regular apartments in Downtown Providence 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 Downtown Providence?
Cheap apartments in Downtown Providence have an average cost of $269 which is $5,731 cheaper than the average rent for all rentals in Downtown Providence.
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

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.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.