Cheap Apartments for Rent in the Federal Hill Neighborhood of Providence, RI from $700 (49 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Federal Hill area of Providence.

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.

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

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property at 124 Almy St

$1,950

Total Monthly Price

Total Monthly Price

Base Rent
$1,950
Total Monthly Price
$1,950

1 Bedroom, 1 Bath Condo for Rent

Available Aug 15

124 Almy St, Unit 1A

124 Almy St
ProvidenceRI02909

From Blue-Collar to Bustling: Discover the Best Affordable Neighborhoods for Renting in Providence

Discover the top 7 affordable and charming neighborhoods in Providence, RI. This local expert's guide helps you find the best value living in the historic New England city.

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property at 17 Andrews St

$1,400

1 Bedroom Rentals

Available Sep 1

17 Andrews St

ProvidenceRI02909
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40 Jones St
Studio to 2 Bedroom Apartments

40 Jones St

40 Jones StProvidence, RI 02903
  • Utilities Included
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12 Piedmont
1 Bedroom Apartments

12 Piedmont

12 Piedmont StProvidence, RI 02909
  • Utilities Included
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39 Vinton St
1 Bedroom Apartments

39 Vinton St

39 Vinton StProvidence, RI 02909
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468 W Fountain St
Studio to 3 Bedroom Apartments

468 W Fountain St

468 W Fountain StProvidence, RI 02903

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

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Bell Tower Place
Studio to 2 Bedroom Apartments

Bell Tower Place

18 Spruce StProvidence, RI 02903
  • Utilities Included
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Regency Plaza
Studio to 2 Bedroom Apartments

Regency Plaza

2 Regency PlzProvidence, RI 02903
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11-15 Piedmont St
1 Bedroom Apartments

11-15 Piedmont St

11-15 Piedmont StProvidence, RI 02909
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8 Hewitt St
Studio to 2 Bedroom Apartments

8 Hewitt St

8 Hewitt StProvidence, RI 02909
  • Utilities Included
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34 Knight St
1 to 2 Bedroom Apartments

34 Knight St

34 Knight StProvidence, RI 02909
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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1290W
Studio to 2 Bedroom Apartments

1290W

1292 Westminster StProvidence, RI 02909
  • Utilities Included
property at 55 Bradford St

$1,850 - $1,950

1 Bedroom Rentals

Available Now

55 Bradford St

ProvidenceRI02903
property at 157 Almy St

$2,000

2 Bedroom Rentals

Available Now

157 Almy St

ProvidenceRI02909
Showing Results 1-49, Page 1 of 1

Federal Hill, Providence, RI Local Guide

Cheapest Available Federal Hill Apartments for Rent

 

The cheapest available apartment rental in the Federal Hill area of Providence, RI is a 1 Bed unit found at The 870 Reserve priced from $1,795. The Bradford has the second lowest priced unit, which is a Studio apartment currently listed from $1,800. Here are the most affordable Federal Hill apartments for rent in Providence, RI:

Apartment ListingModel NameBed/BathPriced From
The 870 Reserve1-Bed1BR,1BA$1,795
The BradfordStudio - 55 BradfordStudio,1BA$1,800
Regency PlazaStudio/1 Bath With Walk-In ClosetsStudio,1BA$1,850
Huntington Exchange Providence2 Bed 1 Bath2BR,1BA$1,970
Grant Mill1A1BR,1BA$2,250

Best Value Apartments for Rent in Federal Hill, RI

As of August 07, 2026 the best value apartment in the Federal Hill area is the $2.32 price per square foot 2-Bed Model at The 870 Reserve in the in the Manton neighborhood starting from $2,895. The second greatest value Federal Hill apartment is the 2-Bed/2-Bath Model at 95 Cedar Street starting at $2,800 with a $2.24 price per square foot in the Manton neighborhood. Here is today’s list of the best values for Federal Hill apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The 870 Reserve2-Bed2BR,2BA$2.32
95 Cedar Street2-Bed/2-Bath2BR,2BA$2.24
97 De Pasquale Ave, Unit 197 De Pasquale Ave3BR,1BA$2.33
78 Ring St, Unit 178 Ring St1BR,1BA$2.56
21 Dale St, Unit #121 Dale St3BR,1BA$2.44
Huntington Exchange Providence2 Bed 1 Bath2BR,1BA$2.49
86 Grove St, Unit 86 Grove street86 Grove St2BR,1BA$2.99
Grant Mill1A1BR,1BA$3.19
Regency PlazaStudio/1 Bath With Walk-In ClosetsStudio ,1BA$3.52
The BradfordStudio - 55 BradfordStudio ,1BA$4.00

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Federal Hill, Providence, RI

Ranked #4

Among cities in Rhode Island for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Federal Hill Apartments

What is a cheap apartment in Federal Hill?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Federal Hill is under $2,250.

What is the price of a cheap apartment in Federal Hill?

The cheapest apartment in Federal Hill is The 870 Reserve which is listed at $1,795, while the average apartment in Federal Hill costs $2,250.

What types of apartments are the cheapest in Federal Hill?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 2 regular apartments in Federal Hill that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Federal Hill?

Cheap apartments in Federal Hill have an average cost of $586 which is $1,664 cheaper than the average rent for all rentals in Federal Hill.

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

decorative image for Your Local Guide to Providence Student Housing: Best Neighborhoods for College Renters article

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

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.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

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decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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

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