Cheap Apartments for Rent in the Downtown Providence Neighborhood of Providence, RI from $700 (26 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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property at 274 S Main St

$1,950

Total Monthly Price

Total Monthly Price

Base Rent
$1,950

Total Monthly Price
$1,950

1 Bedroom, 1 Bath Home for Rent

Available Jun 1

274 S Main St

ProvidenceRI02903
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280 Benefit St
Studio to 2 Bedroom Apartments

280 Benefit St

280 Benefit StProvidence, RI 02903
Student Housing

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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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
  • Utilities Included
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The Alice Building
Studio Apartments

The Alice Building

236-250 Westminster StProvidence, RI 02903
  • Utilities Included

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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.

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Regency Plaza
Studio to 2 Bedroom Apartments

Regency Plaza

2 Regency PlzProvidence, RI 02903
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Merchant Bank Building
1 to 2 Bedroom Apartments

Merchant Bank Building

20 Westminster StProvidence, RI 02903
Furnished
  • Utilities Included
  • Smoke Free

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 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 ListingModel NameBed/BathPriced From
The Case-Mead LoftsMicroloftStudio,1BA$1,540
110 Benefit Street Apartment Homes1 Bedroom 1 Bathroom1BR,1BA$1,650
The StudleyMurphy Bed StudioStudio,1BA$1,700
Westminster LoftsStudioStudio,1BA$1,710
Regency Plaza1 Bed/1 Bath1BR,1BA$1,885
Halstead ProvidenceStudio-S S13Studio,1BA$1,975
G ReserveThe Citizen1BR,1BA$2,000
G SquareThe Perry1BR,1BA$2,075
95 LoftsC2Studio,1BA$2,118
Emblem 1250AStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Nightingale Apartments78bB5BL Two Bed Two Bath with Large Balcony2BR,2BA$3.10
Park Row WestTwo Bedrooms - Furnished2BR,2BA$3.93
161 Benefit st/Luxury Residences for Lease1 BED1BR,1BA$2.55
Westminster Lofts2 Bedroom2BR,2BA$3.05
Providence GThe Tiverton2BR,1BA$2.82
Chestnut CommonsEpoch2BR,2BA$3.73
93 Eddy St, Unit 293 Eddy StStudio ,1BA$3.13
Station RowOne Bedroom w/ Den1BR,1BA$3.84
110 Benefit Street Apartment Homes1 Bedroom 1 Bathroom1BR,1BA$2.20
Regency PlazaStudio/1 Bath with Dining AreaStudio ,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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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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 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

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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

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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.