Cheap Homes for Rent in Downtown Providence Neighborhood of Providence, RI from $2,000 (5 Rentals)

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

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.

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.

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 $1,375. 110 Benefit Street Apartment Homes has the second lowest priced unit, which is a Studio apartment currently listed from $1,450. Here are the most affordable Downtown Providence apartments for rent in Providence, RI:

Apartment ListingModel NameBed/BathPriced From
The Case-Mead LoftsMicroloftStudio,1BA$1,375
110 Benefit Street Apartment HomesStudioStudio,1BA$1,450
The StudleyStudio1BR,1BA$1,625

Best Value Apartments for Rent in Downtown Providence, RI

As of June 18, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Center PlaceB42BR,2BA$2.97
308 Benefit St2 BED2BR,1BA$2.05
G SquareThe Greene2BR,2BA$3.88
Providence GThe Tiverton2BR,1BA$3.09
Chestnut CommonsEpoch - 2BR-A; 2BR-A,1; 2BR-D(Type A)2BR,2BA$3.52
Nightingale Apartments78aA1 One Bed One Bath1BR,1BA$3.87
71 Richmond StStudioStudio ,1BA$3.36
110 Benefit Street Apartment HomesStudioStudio ,1BA$2.90
Regency PlazaStudio/1 Bath with Dining AreaStudio ,1BA$3.84
The Studley1 Bedroom1BR,1BA$4.02

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Frequently Asked Questions about Downtown Providence

What type of rentals are currently available in Downtown Providence?

There are currently 78 Apartments for Rent in Downtown Providence, RI with pricing that ranges from $720 to $27,552. There are also 16 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Providence ranging from $2,200 to $15,000.

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 $2,200 to $15,000 with an average monthly rent of $6,315.

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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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.

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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.

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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.