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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 $700 (32 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
144 Benefit St, Unit 101
144 Benefit St
ProvidenceRI02903
144 Benefit St, Unit 304
144 Benefit St
ProvidenceRI02903
144 Benefit St, Unit 204
144 Benefit St
ProvidenceRI02903
144 Benefit St, Unit 203
144 Benefit St
ProvidenceRI02903
144 Benefit St, Unit 303
144 Benefit St
ProvidenceRI02903
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$1,540 - $2,100Studio to 1 Bedroom Apartments Available Now
The Case-Mead Lofts
76 Dorrance StProvidence, RI 02903
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.
109 Bowen St, Unit 3R
109 Bowen St
ProvidenceRI02906
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$1,595 - $2,5001 to 2 Bedroom Apartments Available Now
FOUND Study College Hill
100 N Main StProvidence, RI 02903
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$1,650 - $2,090Studio to 1 Bedroom Apartments Available Jun 5
The Studley
82-90 Weybosset StProvidence, RI 02903
79 Washington St
ProvidenceRI02903
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$1,710 - $3,900Studio to 2 Bedroom Apartments Available Now
Westminster Lofts
126 Union StProvidence, RI 02903
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$1,775
Total Monthly Price
Studio Apartment Available Jun 1Total Monthly Price
Base Rent
$1,775
Total Monthly Price
$1,775
182 Bowen Street, Unit Bowen #12, Unit Bowen #12
182 Bowen StreetProvidence, RI 02906
44 Hospital St, Unit 2F
44 Hospital St
ProvidenceRI02903
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$1,850 - $6,810Studio to 3 Bedroom Apartments Available Now
Regency Plaza
1 Regency PlazaProvidence, RI 02903
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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$1,895 - $3,117Studio 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 Jun 1
314 Benefit St.
314 Benefit StProvidence, RI 02903
274 S Main St
ProvidenceRI02903
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$1,975 - $3,570Studio to 2 Bedroom Apartments Available Now
Halstead Providence
255 Promenade StProvidence, RI 02908
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$1,995 - $4,117Studio to 3 Bedroom Apartments Available Now
Emblem 125
125 Clifford StProvidence, RI 02903
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$2,000 - $3,0001 to 2 Bedroom Apartments Available Now
G Reserve
170 Westminster StProvidence, RI 02903
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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
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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Studio to 1 Bedroom Apartments
122 Benefit Street Apartment Homes
122 Benefit StProvidence, RI 02903
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1 Bedroom Apartments
Providence Arcade
65 Weybosset StProvidence, RI 02903
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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 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
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1 to 2 Bedroom Apartments
Merchant Bank Building
20 Westminster StProvidence, 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.
Showing Results 1-32, 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 | $2,045 | $742 | $3,900 |
| Downtown Providence 1 Bedroom Apartments | $2,557 | $876 | $4,384 |
| Downtown Providence 2 Bedroom Apartments | $3,634 | $1,205 | $6,573 |
| Downtown Providence 3 Bedroom Apartments | $4,245 | $2,830 | $6,450 |
| Downtown Providence 4 Bedroom Apartments | $5,300 | $4,250 | $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 32 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 1 Bed unit found at FOUND Study College Hill priced from $1,595. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| FOUND Study College Hill | Efficiency Studio Main - Providence 26-27 | 1BR,1BA | $1,595 |
| The Case-Mead Lofts | Studio | Studio,1BA | $1,600 |
| 110 Benefit Street Apartment Homes | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,650 |
| Regency Plaza | Studio/1 Bath with Full Kitchen | Studio,1BA | $1,855 |
| Halstead Providence | Studio-S S13 | Studio,1BA | $1,975 |
| Emblem 125 | 0A | Studio,1BA | $1,995 |
| G Reserve | The Webster | 1BR,1BA | $2,100 |
| G Square | The Perry | 1BR,1BA | $2,114 |
| Nightingale Apartments | 78dS1 Studio One Bath | Studio,1BA | $2,244 |
| 95 Lofts | C2 | Studio,1BA | $2,276 |
Best Value Apartments for Rent in Downtown Providence, RI
As of April 15, 2026 the best value apartment in the Downtown Providence area is the $2.40 price per square foot 123 Friendship St Model at 123 Friendship St, Unit 5B in the in the Downtown Providence neighborhood starting from $4,250. The second greatest value Downtown Providence apartment is the Three Bedroom Model at Telephone Building starting at $3,050 with a $2.10 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. |
|---|---|---|---|
| 123 Friendship St, Unit 5B | 123 Friendship St | 4BR,3BA | $2.40 |
| Telephone Building | Three Bedroom | 3BR,2BA | $2.10 |
| 161 Benefit st/Luxury Residences for Lease | 1 BED | 1BR,1BA | $2.55 |
| Westminster Lofts | 2 Bedroom | 2BR,2BA | $3.05 |
| Park Row West | One Bedrooms | 1BR,1BA | $2.99 |
| Providence G | The Tiverton | 2BR,1BA | $2.88 |
| Chestnut Commons | Epoch | 2BR,2BA | $3.44 |
| 110 Benefit Street Apartment Homes | 1 Bedroom 1 Bathroom | 1BR,1BA | $2.20 |
| Station Row | One Bedroom | 1BR,1BA | $3.49 |
| The Case-Mead Lofts | Studio | Studio ,1BA | $3.73 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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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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.
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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 $2,276.
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 14 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 $235 which is $5,765 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.