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$742 - $1,753Studio to 2 Bedroom Apartments Contact Us For Availability
Beneficent House
1 Chestnut StProvidence, RI 02903
Cheap Apartments for Rent in the Downtown Providence Neighborhood of Providence, RI from $742 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Providence area of Providence.
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$754 - $2,000Studio to 2 Bedroom Apartments Contact Us For Availability
Copley Chambers II & III
228 Broad StProvidence, RI 02903
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$1,445 - $2,4951 to 2 Bedroom Apartments Available Now
FOUND Study College Hill
100 N Main StProvidence, RI 02903
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$1,595 - $1,600Studio Apartments Available Now
Case Mead Lofts
76 Dorrance StProvidence, RI 02903
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$1,650 - $1,980Studio to 1 Bedroom Apartments Available Now
The Studley
82-90 Weybosset StProvidence, RI 02903
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$1,710 - $3,850Studio to 1 Bedroom Apartments Available Now
Westminster Lofts
126 Union StProvidence, RI 02903
225 Weybosset St
ProvidenceRI02903
Your Local Guide to Providence Student Housing: Best Neighborhoods for College Renters
Discover affordable off-campus rentals and the best local neighborhoods for college life, featuring expert tips from a seasoned renter.
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Rent Specials
$1,850 - $6,810Studio to 3 Bedroom Apartments Available Now
Regency Plaza
1 Regency PlazaProvidence, RI 02903
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$1,878 - $3,600Studio to 3 Bedroom Apartments Available Now
Providence G
100 Dorrance StProvidence, RI 02903
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$1,950 - $2,8001 to 2 Bedroom Apartments Available Now
314 Benefit St.
314 Benefit StProvidence, RI 02903
274 S Main St, Unit 30
274 S Main St
ProvidenceRI02903
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Studio to 2 Bedroom Apartments
280 Benefit St
280 Benefit StProvidence, RI 02903
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Studio to 2 Bedroom Apartments
FOUND Study College Hill
100 N Main StProvidence, RI 02903
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1 Bedroom Apartments
Providence Arcade
65 Weybosset StProvidence, RI 02903
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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Studio to 1 Bedroom Apartments
110 Benefit Street Apartment Homes
110 Benefit StProvidence, RI 02903
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Studio to 1 Bedroom Apartments
122 Benefit Street Apartment Homes
122 Benefit StProvidence, RI 02903
79 Washington St
ProvidenceRI02903
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Studio to 2 Bedroom Apartments
296 Benefit St.
296 Benefit StProvidence, RI 02903
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Studio Apartments
The Alice Building
236-250 Westminster StProvidence, RI 02903
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1 to 2 Bedroom Apartments
302 Benefit st/Luxury Residences for Lease
302 Benefit StProvidence, RI 02903
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Studio to 2 Bedroom Apartments
Regency Plaza
2 Regency PlzProvidence, RI 02903
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.
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1 to 2 Bedroom Apartments
Merchant Bank Building
20 Westminster StProvidence, RI 02903
Showing Results 1-22, Page 1 of 1
Downtown Providence, Providence, RI Local Guide
Overview by cthulhuwho1 is licensed under CC BY 2.0
How much does it cost to rent an apartment in Downtown Providence?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Providence Studio Apartments | $2,011 | $742 | $2,489 |
| Downtown Providence 1 Bedroom Apartments | $2,475 | $876 | $3,867 |
| Downtown Providence 2 Bedroom Apartments | $3,241 | $1,205 | $6,740 |
| Downtown Providence 3 Bedroom Apartments | $4,118 | $2,500 | $6,977 |
| Downtown Providence 4 Bedroom Apartments | $5,400 | $3,600 | $6,000 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 22 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
- Nearby Providence neighborhoods
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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 2 Beds unit found at FOUND Study College Hill priced from $1,445. 110 Benefit Street Apartment Homes has the second lowest priced unit, which is a Studio apartment currently listed from $1,445. Here are the most affordable Downtown Providence apartments for rent in Providence, RI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| FOUND Study College Hill | 2 Bed 2 Bath Canal - Providence 26-27 | 2BR,2BA | $1,445 |
| 110 Benefit Street Apartment Homes | Studio | Studio,1BA | $1,445 |
| Case Mead Lofts | Micro-Loft | Studio,1BA | $1,595 |
| The Studley | Studio - Workforce Housing | Studio,1BA | $1,650 |
| Westminster Lofts | Studio | Studio,1BA | $1,710 |
Best Value Apartments for Rent in Downtown Providence, RI
As of September 04, 2026 the best value apartment in the Downtown Providence area is the $2.17 price per square foot 300 Benefit St Model at 300 Benefit St, Unit 1L in the in the College Hill neighborhood starting from $2,600. The second greatest value Downtown Providence apartment is the 1 BED Model at 161 Benefit st/Luxury Residences for Lease starting at $2,450 with a $2.45 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. |
|---|---|---|---|
| 300 Benefit St, Unit 1L | 300 Benefit St | 1BR,1BA | $2.17 |
| 161 Benefit st/Luxury Residences for Lease | 1 BED | 1BR,1BA | $2.45 |
| 314 Benefit St. | 2BR | 2BR,1BA | $2.70 |
| 308 Benefit St | 2 BED | 2BR,1BA | $2.10 |
| Westminster Lofts | 2 Bedroom | 2BR,2BA | $3.05 |
| Emblem 125 | Flex 2A.2 | 1BR,1.5BA | $3.41 |
| Chestnut Commons | Epoch | 2BR,2BA | $3.59 |
| Station Row | One Bedroom | 1BR,1BA | $3.59 |
| Providence G | The Bristol | 1BR,1BA | $3.07 |
| 110 Benefit Street Apartment Homes | 1 Bedroom 1 Bathroom | 1BR,1BA | $2.93 |
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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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.
Read ArticleReal 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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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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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 $2,139.
What is the price of a cheap apartment in Downtown Providence?
The cheapest apartment in Downtown Providence is 110 Benefit Street Apartment Homes which is listed at $1,465, while the average apartment in Downtown Providence costs $2,540.
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 14 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
Your Local Guide to Providence Student Housing: Best Neighborhoods for College Renters
Written by: M. April Tome
Hi, I’m April, your local guide for living in Providence, RI. I attended college in Providence and lived in this great city for many years.
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.