Cheap Homes for Rent in the Downtown Providence Neighborhood of Providence, RI from $1,600 (5 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 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 ListingModel NameBed/BathPriced From
122 Benefit Street Apartment HomesStudioStudio,1BA$1,465
110 Benefit Street Apartment Homes1 Bedroom 1 Bathroom1BR,1BA$1,465
Case Mead LoftsMicro-LoftStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Westminster Lofts1 Bedroom1BR,1BA$1.48
21 Planet St3 Bed3BR,1BA$3.52
314 Benefit St.2BR2BR,1BA$2.70
308 Benefit St2 BED2BR,1BA$2.10
161 Benefit st/Luxury Residences for Lease1 BED1BR,1BA$2.45
Providence GThe Tiverton2BR,1BA$3.06
Chestnut CommonsPerception2BR,1BA$3.67
Station RowOne Bedroom1BR,1BA$3.70
110 Benefit Street Apartment Homes1 Bedroom 1 Bathroom1BR,1BA$2.93
122 Benefit Street Apartment HomesStudioStudio ,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

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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.

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Rent According to Income: A Look at Income-Restricted Rentals

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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.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

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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.