Cheap Apartments for Rent in the Downtown Providence Neighborhood of Providence, RI from $700 (18 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Providence area of Providence.

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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.

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280 Benefit St
Studio to 2 Bedroom Apartments

280 Benefit St

280 Benefit StProvidence, RI 02903
Student Housing

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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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Providence Arcade
1 Bedroom Apartments

Providence Arcade

65 Weybosset StProvidence, RI 02903
  • Utilities Included
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296 Benefit St.
Studio to 2 Bedroom Apartments

296 Benefit St.

296 Benefit StProvidence, RI 02903
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The Alice Building
Studio Apartments

The Alice Building

236-250 Westminster StProvidence, RI 02903
  • Utilities Included
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Regency Plaza
Studio to 2 Bedroom Apartments

Regency Plaza

2 Regency PlzProvidence, RI 02903

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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.

Downtown Providence, Providence, RI Local Guide

Cheapest Available Downtown Providence Apartments for Rent

 

The cheapest available apartment rental in the Downtown Providence area of Providence, RI is a 2 Beds unit found at G Square priced from $127. The Case-Mead Lofts has the second lowest priced unit, which is a Studio apartment currently listed from $1,600. Here are the most affordable Downtown Providence apartments for rent in Providence, RI:

Apartment ListingModel NameBed/BathPriced From
G SquareThe Lovecraft2BR,2BA$127
The Case-Mead LoftsStudioStudio,1BA$1,600
110 Benefit Street Apartment Homes1 Bedroom 1 Bathroom1BR,1BA$1,650
The StudleyMurphy Bed StudioStudio,1BA$1,700
Westminster LoftsStudioStudio,1BA$1,710

Best Value Apartments for Rent in Downtown Providence, RI

As of December 31, 2025 the best value apartment in the Downtown Providence area is the $2.79 price per square foot Two Bedroom Loft Model at Park Row West in the in the College Hill neighborhood starting from $3,275. The second greatest value Downtown Providence apartment is the B2 Model at Center Place starting at $3,930 with a $3.73 price per square foot in the College Hill neighborhood. Here is today’s list of the best values for Downtown Providence apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Park Row WestTwo Bedroom Loft2BR,2BA$2.79
Center PlaceB22BR,2BA$3.73
161 Benefit st/Luxury Residences for Lease1 BED1BR,1BA$2.30
Providence GThe Tiverton2BR,1BA$2.95
110 Benefit Street Apartment Homes1 Bedroom 1 Bathroom1BR,1BA$2.20
Nightingale Apartments78aA1 One Bed One Bath1BR,1BA$3.70
Station RowOne Bedroom1BR,1BA$3.58
Westminster LoftsWorkforce Housing - 1 Bed1BR,1BA$3.42
Regency PlazaStudio/1 Bath With Walk-In ClosetsStudio ,1BA$3.53
The Case-Mead LoftsStudioStudio ,1BA$3.81

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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Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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Pet Friendly Lifestyle
Downtown Providence, Providence, RI

Ranked #9

Among cities in Rhode Island for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of rentals and neighborhoods across the USA, including Providence. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including searching for the best amenities, and convenient access to the outdoors, family-friendly amenities, raising pets, transit options, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

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 $2,150.

What is the price of a cheap apartment in Downtown Providence?

The cheapest apartment in Downtown Providence is The Case-Mead Lofts which is listed at $1,650, 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 7 regular apartments in Downtown Providence that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!