Cheap Homes for Rent in Federal Hill Neighborhood of Providence, RI from $1,800 (18 Rentals)

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Search the lowest-cost Homes available for rent right now in the Federal Hill 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.

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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.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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 1 Bed unit found at 468 W Fountain St priced from $1,750. Regency Plaza has the second lowest priced unit, which is a Studio apartment currently listed from $1,805. Here are the most affordable Federal Hill apartments for rent in Providence, RI:

Apartment ListingModel NameBed/BathPriced From
468 W Fountain St1 bed1BR,1BA$1,750
Regency PlazaStudio/1 Bath With Walk-In ClosetsStudio,1BA$1,805
The 870 Reserve1-Bed1BR,1BA$1,895
125 Atwells1 Bedroom-Type 21BR,1BA$1,900
Huntington Exchange Providence2 Bed 1 Bath2BR,1BA$1,970

Best Value Apartments for Rent in Federal Hill, RI

As of July 29, 2025 the best value apartment in the Federal Hill area is the $2.40 price per square foot 2-Bed Model at The 870 Reserve in the in the Manton neighborhood starting from $2,995. The second greatest value Federal Hill apartment is the 16 Europe St Model at 16 Europe St, Unit 2 starting at $2,200 with a $2.20 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$2.40
16 Europe St, Unit 216 Europe St2BR,1BA$2.20
468 W Fountain St1 bed1BR,1BA$1.75
Grant Mill1V1BR,2BA$2.65
Huntington Exchange Providence3 Bed 2 Bath3BR,2BA$3.44
15 Kenyon St, Unit 115 Kenyon St1BR,1BA$3.05
125 Atwells1 Bedroom-Type 21BR,1BA$3.17
7 Newton St, Unit 1 R7 Newton St1BR,1BA$2.50
84 Tell St, Unit 82A84 Tell St1BR,1BA$3.00
Regency PlazaStudio/1 Bath with Dining AreaStudio ,1BA$3.84

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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Frequently Asked Questions about Federal Hill

What type of rentals are currently available in Federal Hill?

There are currently 173 Apartments for Rent in Federal Hill, RI with pricing that ranges from $754 to $4,950. There are also 27 Single Family Homes for rent, Condos, and Townhome rentals currently available in Federal Hill ranging from $1,899 to $3,500.

What is the current price range for Rental Homes in Federal Hill?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Federal Hill ranges from $1,899 to $3,500 with an average monthly rent of $2,299.

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.