144 Benefit St, Unit 303
144 Benefit St
ProvidenceRI02903
Cheap Homes for Rent in Downtown Providence Neighborhood of Providence, RI from $1,400 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Providence area of Providence.
274 S Main St
ProvidenceRI02903
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
274 S Main St, Unit 27
274 S Main St
ProvidenceRI02903
274 S Main St
ProvidenceRI02903
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
101 Richmond St, Unit 212
101 Richmond St
ProvidenceRI02903
Showing Results 1-5, 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 a home in Downtown Providence?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Providence 2 Bedroom Homes for Rent | $2,750 | $2,300 | $3,700 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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.
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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 1 Bed unit found at FOUND Study College Hill priced from $1,595. Regency Plaza has the second lowest priced unit, which is a Studio apartment currently listed from $1,850. Here are the most affordable Downtown Providence apartments for rent in Providence, RI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| FOUND Study College Hill | Efficiency Studio Main - Providence 26-27 | 1BR,1BA | $1,595 |
| Regency Plaza | Studio/1 Bath With Walk-In Closets | Studio,1BA | $1,850 |
| Halstead Providence | Studio-S S12 | Studio,1BA | $1,900 |
Best Value Apartments for Rent in Downtown Providence, RI
As of May 08, 2026 the best value apartment in the Downtown Providence area is the $2.40 price per square foot 123 Friendship St Model at 123 Friendship St, Unit 5B in the in the Downtown Providence neighborhood starting from $4,250. The second greatest value Downtown Providence apartment is the Three Bedroom Model at Telephone Building starting at $3,050 with a $2.10 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. |
|---|---|---|---|
| 123 Friendship St, Unit 5B | 123 Friendship St | 4BR,3BA | $2.40 |
| Telephone Building | Three Bedroom | 3BR,2BA | $2.10 |
| 161 Benefit st/Luxury Residences for Lease | 1 BED | 1BR,1BA | $2.55 |
| Westminster Lofts | 2 Bedroom | 2BR,2BA | $3.05 |
| Park Row West | One Bedrooms | 1BR,1BA | $2.99 |
| Providence G | The Tiverton | 2BR,1BA | $2.88 |
| Chestnut Commons | Epoch | 2BR,2BA | $3.39 |
| Station Row | One Bedroom | 1BR,1BA | $3.14 |
| G Square | The Perry | 1BR,1BA | $4.03 |
| Regency Plaza | Studio/1 Bath with Dining Area | Studio ,1BA | $3.93 |
Frequently Asked Questions about Downtown Providence
What type of rentals are currently available in Downtown Providence?
There are currently 90 Apartments for Rent in Downtown Providence, RI with pricing that ranges from $742 to $6,573. There are also 18 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Providence ranging from $1,450 to $3,950.
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 $1,450 to $3,950 with an average monthly rent of $2,316.
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
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.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.