
Cheap Homes for Rent in Downtown Providence Neighborhood of Providence, RI from $1,500 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Providence area of Providence.


79 Washington St

101 Richmond St
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.

392 S Main St, Unit 392 South Main

274 S Main St

274 S Main St, Unit 43
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.
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 | $3,138 | $2,350 | $6,500 |
| Downtown Providence 3 Bedroom Homes for Rent | $3,700 | $3,700 | $3,700 |
Browse Homes for Rent in this Neighborhood
There are currently 6 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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Case-Mead Lofts | Microloft | Studio,1BA | $1,540 |
| 110 Benefit Street Apartment Homes | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,650 |
| The Studley | Murphy Bed Studio | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Park Row West | Two Bedrooms | 2BR,2BA | $2.57 |
| 161 Benefit st/Luxury Residences for Lease | 1 BED | 1BR,1BA | $2.55 |
| Providence G | The Tiverton | 2BR,1BA | $2.88 |
| Chestnut Commons | Epoch | 2BR,2BA | $3.73 |
| 93 Eddy St, Unit 2 | 93 Eddy St | Studio ,1BA | $3.31 |
| 110 Benefit Street Apartment Homes | 1 Bedroom 1 Bathroom | 1BR,1BA | $2.20 |
| Nightingale Apartments | 78aA1a One Bed One Bath | 1BR,1BA | $3.44 |
| Station Row | One Bedroom | 1BR,1BA | $3.53 |
| Westminster Lofts | Workforce Housing - 1 Bed | 1BR,1BA | $3.42 |
| 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 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

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.

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.

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.

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.