Cheap Apartments for Rent in the Federal Hill Neighborhood of Providence, RI from $700 (62 Rentals)

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

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.

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150 Acorn St, Unit 1
$1,600
Total Monthly Price

Total Monthly Price

Base Rent
$1,600
Total Monthly Price
$1,600
2 Bedroom Apartment Available Now

150 Acorn St, Unit 1

150 Acorn StProvidence, RI 02903
Affordability
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100 Tell St, Unit 3
$1,675
Total Monthly Price

Total Monthly Price

Base Rent
$1,675
Total Monthly Price
$1,675
2 Bedroom Apartment Available Jul 1

100 Tell St, Unit 3

100 Tell StProvidence, RI 02909
Affordability
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property at 54 Sutton St

$1,800 - $2,300

Studio To 2 Bedroom Rentals

Available Now

54 Sutton 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.

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13 Kenyon St, Unit 2
$1,900
Total Monthly Price

Total Monthly Price

Base Rent
$1,900
Total Monthly Price
$1,900
1 Bedroom Apartment Available Now

13 Kenyon St, Unit 2

13 Kenyon StProvidence, RI 02903
property at 128 Dean St

$1,875 - $1,900

1 Bedroom Rentals

Available Now

128 Dean St

ProvidenceRI02903

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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property at 124 Almy St

$2,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,000
Total Monthly Price
$2,000

1 Bedroom, 1 Bath Condo for Rent

Available Jul 1

124 Almy St, Unit 1A

124 Almy St
ProvidenceRI02909

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.

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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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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 Studio unit found at The Bradford priced from $1,800. Regency Plaza has the second lowest priced unit, which is a Studio apartment currently listed from $1,850. Here are the most affordable Federal Hill apartments for rent in Providence, RI:

Apartment ListingModel NameBed/BathPriced From
The BradfordStudio - 55 BradfordStudio,1BA$1,800
Regency PlazaStudio/1 Bath With Walk-In ClosetsStudio,1BA$1,850
The 870 Reserve1-Bed1BR,1BA$1,895
Huntington Exchange Providence2 Bed 1 Bath2BR,1BA$1,970

Best Value Apartments for Rent in Federal Hill, RI

As of June 23, 2026 the best value apartment in the Federal Hill area is the $0.45 price per square foot 123 Vinton St Model at 123 Vinton St, Unit 2 in the in the Manton neighborhood starting from $900. The second greatest value Federal Hill apartment is the 124 Vinton St, 3 Model at 124 Vinton St, 3, Unit 3 starting at $2,450 with a $1.91 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.
123 Vinton St, Unit 2123 Vinton St4BR,1BA$0.45
124 Vinton St, 3, Unit 3124 Vinton St, 34BR,1BA$1.91
The 870 Reserve2-Bed2BR,2BA$2.40
95 Cedar Street2-Bed/2-Bath2BR,2BA$2.56
292 Knight St, Unit 1292 Knight St3BR,1BA$2.00
14 Africa St, Unit #214 Africa St2BR,1BA$2.76
150 Acorn St, Unit 1150 Acorn St2BR,1BA$2.00
13 Kenyon St, Unit Unit 213 Kenyon St1BR,1BA$2.53
The BradfordStudio - 55 BradfordStudio ,1BA$3.00
Regency PlazaStudio/1 Bath with Dining AreaStudio ,1BA$3.93

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 #8

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 $1,970.

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

The cheapest apartment in Federal Hill is Regency Plaza which is listed at $1,885, while the average apartment in Federal Hill costs $2,947.

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 3 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 $240 which is $2,707 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 From Blue-Collar to Bustling: Discover the Best Affordable Neighborhoods for Renting in Providence article

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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

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.

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

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.