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from $720Studio 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 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Providence area of Providence.
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from $754Studio to 2 Bedroom Apartments Contact Us For Availability
Copley Chambers
228 Broad StProvidence, RI 02903
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from $1,375Studio to 1 Bedroom Apartments Available Now
The Case-Mead Lofts
76 Dorrance StProvidence, RI 02903
144 Benefit St
ProvidenceRI02903
144 Benefit St
ProvidenceRI02903
144 Benefit St
ProvidenceRI02903
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.
110 Benefit St
ProvidenceRI02903
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from $1,625Studio to 1 Bedroom Apartments Available Now
The Studley
82-90 Weybosset StProvidence, RI 02903
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from $2,3451 to 2 Bedroom Apartments Available Jul 13
Westminster Lofts
126 Union StProvidence, RI 02903
The Art of the Rental Viewing: What to look for during a property tour
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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from $1,805Studio to 3 Bedroom Apartments Available Now
Regency Plaza
1 Regency PlazaProvidence, RI 02903
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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Showing Results 1-20, 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 | $2,080 | $720 | $10,000+ |
| Downtown Providence 1 Bedroom Apartments | $3,298 | $850 | $10,000+ |
| Downtown Providence 2 Bedroom Apartments | $3,947 | $1,170 | $10,000+ |
| Downtown Providence 3 Bedroom Apartments | $4,438 | $3,100 | $5,986 |
| Downtown Providence 4 Bedroom Apartments | $4,250 | $4,250 | $4,250 |
Browse Apartments in this Neighborhood
There are currently 20 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
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 $1,375. The Studley has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,625. 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 | $1,375 |
| The Studley | Studio | 1BR,1BA | $1,625 |
| Regency Plaza | Studio/1 Bath With Walk-In Closets | Studio,1BA | $1,805 |
| 95 Lofts | 95 Lofts Floor Plan F | Studio,1BA | $1,925 |
| 71 Richmond St | Studio | Studio,1BA | $1,995 |
Best Value Apartments for Rent in Downtown Providence, RI
As of June 11, 2025 the best value apartment in the Downtown Providence area is the $2.97 price per square foot B4 Model at Center Place in the in the College Hill neighborhood starting from $3,204. The second greatest value Downtown Providence apartment is the 2 BED Model at 308 Benefit St starting at $2,050 with a $2.05 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. |
|---|---|---|---|
| Center Place | B4 | 2BR,2BA | $2.97 |
| 308 Benefit St | 2 BED | 2BR,1BA | $2.05 |
| Providence G | The Tiverton | 2BR,1BA | $3.09 |
| Chestnut Commons | Epoch - 2BR-A; 2BR-A,1; 2BR-D(Type A) | 2BR,2BA | $3.52 |
| G Square | The Lovecraft | 2BR,2BA | $4.14 |
| Nightingale Apartments | 78aA2 One Bed One Bath | 1BR,1BA | $3.93 |
| 71 Richmond St | Studio | Studio ,1BA | $3.36 |
| 95 Lofts | 95 Lofts Floor Plan A | 1BR,1BA | $4.66 |
| Regency Plaza | Studio/1 Bath with Dining Area | Studio ,1BA | $3.84 |
| The Studley | Murphy Bed Studio | Studio ,1BA | $4.26 |
Quick Rent Budget Calculator
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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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Pet Friendly LifestyleDowntown Providence, Providence, RI
Ranked #1
Among neighborhoods in Providence, RI for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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!
Getting Around the Downtown Providence Neighborhood in Providence, RI
Walk Score®
97 / 100
Walker’s Paradise
Daily errands do not require a car
Bike Score®
82 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
77 / 100
Excellent Transit
Transit is convenient for most trips
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $2,379.
What is the price of a cheap apartment in Downtown Providence?
The cheapest apartment in Downtown Providence is The Studley which is listed at $1,625, while the average apartment in Downtown Providence costs $4,250.
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 57 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 $339 which is $3,911 cheaper than the average rent for all rentals in Downtown Providence.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.