Cheap Homes for Rent in Downtown Providence Neighborhood of Providence, RI from $1,500 (6 Rentals)

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Search the lowest-cost Homes available for rent right now in the Downtown Providence area of Providence.

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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 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

Best Value Apartments for Rent in Downtown Providence, RI

As of February 06, 2026 the best value apartment in the Downtown Providence area is the $2.57 price per square foot Two Bedrooms Model at Park Row West in the in the College Hill neighborhood starting from $2,850. The second greatest value Downtown Providence apartment is the 1 BED Model at 161 Benefit st/Luxury Residences for Lease starting at $2,550 with a $2.55 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.
Park Row WestTwo Bedrooms2BR,2BA$2.57
161 Benefit st/Luxury Residences for Lease1 BED1BR,1BA$2.55
Providence GThe Tiverton2BR,1BA$2.88
Chestnut CommonsEpoch2BR,2BA$3.73
93 Eddy St, Unit 293 Eddy StStudio ,1BA$3.31
110 Benefit Street Apartment Homes1 Bedroom 1 Bathroom1BR,1BA$2.20
Nightingale Apartments78aA1a One Bed One Bath1BR,1BA$3.44
Station RowOne Bedroom1BR,1BA$3.53
Westminster LoftsWorkforce Housing - 1 Bed1BR,1BA$3.42
Regency PlazaStudio/1 Bath with Dining AreaStudio ,1BA$3.93

Frequently Asked Questions about Downtown Providence

What type of rentals are currently available in Downtown Providence?

There are currently 83 Apartments for Rent in Downtown Providence, RI with pricing that ranges from $742 to $7,315. There are also 20 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Providence ranging from $1,695 to $6,500.

What is the current price range for Rental Homes in Downtown Providence?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Providence ranges from $1,695 to $6,500 with an average monthly rent of $3,003.

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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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.

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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.

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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.