
Cheap Apartments for Rent in the Downtown Providence Neighborhood of Providence, RI from $700 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Providence area of Providence.


Copley Chambers II & III

The Case-Mead Lofts

109 Bowen St

79 Washington St

101 Richmond St
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The Studley

Westminster Lofts

Regency Plaza

182 Bowen Street, Unit Bowen #12

182 Bowen St, Unit #10

Providence G
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314 Benefit St.

274 S Main St

Halstead Providence

G Reserve

280 Benefit St

FOUND Study College Hill
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.

122 Benefit Street Apartment Homes

Providence Arcade

110 Benefit Street Apartment Homes

296 Benefit St.

The Alice Building

302 Benefit st/Luxury Residences for Lease
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Regency Plaza

Merchant Bank Building
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 | $2,107 | $742 | $3,220 |
| Downtown Providence 1 Bedroom Apartments | $2,584 | $876 | $4,482 |
| Downtown Providence 2 Bedroom Apartments | $3,699 | $1,205 | $6,393 |
| Downtown Providence 3 Bedroom Apartments | $4,466 | $3,755 | $6,428 |
| Downtown Providence 4 Bedroom Apartments | $6,000 | $6,000 | $6,000 |
Browse Apartments in this Neighborhood
There are currently 26 rentals with your search options within a 2 mile radius of the Downtown Providence Neighborhood of Providence, RI.
See all Apartments in ProvidenceExplore Providence
Downtown Providence, Providence, RI Local Guide
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Cheapest Available Downtown Providence Apartments for Rent
 The cheapest available apartment rental in the Downtown Providence area of Providence, RI is a Studio unit found at The Case-Mead Lofts priced from $1,540. 110 Benefit Street Apartment Homes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,650. Here are the most affordable Downtown Providence apartments for rent in Providence, RI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Case-Mead Lofts | Microloft | Studio,1BA | $1,540 |
| 110 Benefit Street Apartment Homes | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,650 |
| The Studley | Murphy Bed Studio | Studio,1BA | $1,700 |
| Westminster Lofts | Studio | Studio,1BA | $1,710 |
| Regency Plaza | 1 Bed/1 Bath | 1BR,1BA | $1,885 |
| Halstead Providence | Studio-S S13 | Studio,1BA | $1,975 |
| G Reserve | The Citizen | 1BR,1BA | $2,000 |
| G Square | The Perry | 1BR,1BA | $2,075 |
| 95 Lofts | C2 | Studio,1BA | $2,118 |
| Emblem 125 | 0A | Studio,1BA | $2,142 |
Best Value Apartments for Rent in Downtown Providence, RI
As of February 27, 2026 the best value apartment in the Downtown Providence area is the $3.10 price per square foot 78bB5BL Two Bed Two Bath with Large Balcony Model at Nightingale Apartments in the in the Downtown Providence neighborhood starting from $3,407. The second greatest value Downtown Providence apartment is the Two Bedrooms - Furnished Model at Park Row West starting at $4,150 with a $3.93 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Nightingale Apartments | 78bB5BL Two Bed Two Bath with Large Balcony | 2BR,2BA | $3.10 |
| Park Row West | Two Bedrooms - Furnished | 2BR,2BA | $3.93 |
| 161 Benefit st/Luxury Residences for Lease | 1 BED | 1BR,1BA | $2.55 |
| Westminster Lofts | 2 Bedroom | 2BR,2BA | $3.05 |
| Providence G | The Tiverton | 2BR,1BA | $2.82 |
| Chestnut Commons | Epoch | 2BR,2BA | $3.73 |
| 93 Eddy St, Unit 2 | 93 Eddy St | Studio ,1BA | $3.13 |
| Station Row | One Bedroom w/ Den | 1BR,1BA | $3.84 |
| 110 Benefit Street Apartment Homes | 1 Bedroom 1 Bathroom | 1BR,1BA | $2.20 |
| Regency Plaza | Studio/1 Bath with Dining Area | Studio ,1BA | $3.93 |
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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Read ArticleQuick 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.
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 the Cheapest Studio apartment in Downtown Providence?
Currently the most affordable Cheap Studio Apartment in Downtown Providence is at The Case-Mead Lofts listed at $1,540.
How much is rent for a Cheap One Bedroom Downtown Providence Apartment?
The lowest price for a Cheap One Bedroom Downtown Providence Apartment is $1,650 at 110 Benefit Street Apartment Homes.
What is the lowest price for a Cheap Two Bedroom Downtown Providence Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Providence is starting from $2,300 at Providence G.
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.

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.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.