
Cheap Homes for Rent in the Downtown Providence Neighborhood of Providence, RI from $1,600 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Providence area of Providence.


73 Holden St
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.

280 Benefit St

79 Washington St
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.

9 Hayes St, Unit #2
Downtown Providence, Providence, RI Local Guide

How much does it cost to rent a home in Downtown Providence?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Providence 2 Bedroom Homes for Rent | $3,050 | $3,050 | $3,050 |
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Downtown Providence Neighborhood of Providence, RI.
Explore Providence
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 122 Benefit Street Apartment Homes priced from $1,465. 110 Benefit Street Apartment Homes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,465. Here are the most affordable Downtown Providence apartments for rent in Providence, RI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 122 Benefit Street Apartment Homes | Studio | Studio,1BA | $1,465 |
| 110 Benefit Street Apartment Homes | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,465 |
| Case Mead Lofts | Micro-Loft | Studio,1BA | $1,595 |
Best Value Apartments for Rent in Downtown Providence, RI
As of July 22, 2026 the best value apartment in the Downtown Providence area is the $1.48 price per square foot 1 Bedroom Model at Westminster Lofts in the in the College Hill neighborhood starting from $2,345. The second greatest value Downtown Providence apartment is the 3 Bed Model at 21 Planet St starting at $3,875 with a $3.52 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. |
|---|---|---|---|
| Westminster Lofts | 1 Bedroom | 1BR,1BA | $1.48 |
| 21 Planet St | 3 Bed | 3BR,1BA | $3.52 |
| 314 Benefit St. | 2BR | 2BR,1BA | $2.70 |
| 308 Benefit St | 2 BED | 2BR,1BA | $2.10 |
| 161 Benefit st/Luxury Residences for Lease | 1 BED | 1BR,1BA | $2.45 |
| Providence G | The Tiverton | 2BR,1BA | $3.06 |
| Chestnut Commons | Perception | 2BR,1BA | $3.67 |
| Station Row | One Bedroom | 1BR,1BA | $3.70 |
| 110 Benefit Street Apartment Homes | 1 Bedroom 1 Bathroom | 1BR,1BA | $2.93 |
| 122 Benefit Street Apartment Homes | Studio | Studio ,1BA | $2.93 |
Frequently Asked Questions about Downtown Providence
What type of rentals are currently available in Downtown Providence?
There are currently 86 Apartments for Rent in Downtown Providence, RI with pricing that ranges from $742 to $6,977. There are also 9 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Providence ranging from $1,600 to $4,100.
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 $1,600 to $4,100 with an average monthly rent of $2,690.
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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.