Cheap Homes for Rent in Providence, RI from $800 (74 Rentals)

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Search the lowest-cost Homes available for rent right now in 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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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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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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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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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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Providence, RI Local Guide

Cheapest Neighborhoods for Apartments in Providence, RI

Pricing Updated: 07/05/2026

Current apartment rentals in the Providence, RI area range in price from $850 to $100,000 with an overall median price of $6,509. The three Providence neighborhoods with the lowest median rent pricing are South Elmwood at $900, Hartford at $1,800, and Charles at $1,900. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Providence Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
South Elmwood$1,000$9002
Hartford$1,800$1,8001
Charles$2,075$1,9006
Elmwood$2,200$2,1002
Olneyville$2,200$1,30010
Silver Lake$2,200$1,6009
Valley$2,200$1,8505
Mount Pleasant$2,297$9509
West End Providence$2,500$1,9004
Reservoir$2,700$2,5001

Cheapest Available Providence Apartments for Rent

 

The cheapest available apartment rental in Providence, RI is a 1 Bed unit found at The Flynn in the Elmwood neighborhood priced from $1,171. Mansion House (Riverside) in the Outer East Bay neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,295. Here is today’s list of the most affordable Providence apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Flynn1 Bedroom1BR,1BA$1,171
Mansion House (Riverside)1 Bed1BR,1BA$1,295
Evergreen Apartments1 Bedroom1BR,1BA$1,300
84 Spring St1 Beds, 1 Baths1BR,1BA$1,300
Mansion House ApartmentsOne Bedroom1BR,1BA$1,350
Wayland Manor ApartmentsStudio1BR,1BA$1,400

Best Value Apartments for Rent in Providence, RI

As of July 05, 2026 the best value apartment in the Providence area is the $1.26 price per square foot 2 Bed 1 Bath Model at American Wire Residential Lofts in the in the Darlington neighborhood starting from $2,130. The second greatest value Providence apartment is the 68 Bergen St Model at 68 Bergen St, Unit Bergen street starting at $1,800 with a $1.08 price per square foot in the Manton neighborhood. Here is today’s list of the best values for Providence apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
American Wire Residential Lofts2 Bed 1 Bath2BR,1BA$1.26
68 Bergen St, Unit Bergen street68 Bergen St3BR,2BA$1.08
Westminster Lofts1 Bedroom1BR,1BA$1.48
710 River Ave, Unit 2710 River Ave2BR,1BA$1.25
53 Vernon Street, Unit Apt 853 Vernon Street2BR,1BA$1.39
76 Providence St, Unit FL 176 Providence St1BR,1BA$0.60
89 Draper St, Unit Apartment 189 Draper St2BR,1BA$1.46
95 Wayland Ave, Unit 295 Wayland Ave2BR,1BA$1.14
263 California Ave263 California Ave1BR,1.5BA$1.27
583 Charles St583 Charles St2BR,1BA$1.50

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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Providence, RI
Population: 179,335

Ranked #144

in US Census Population by City

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Pet Friendly Lifestyle

Ranked #

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

Pet Friendliness Lifestyle Score

Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Providence, RI Rentals by Map

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Providence, RI Area Reviews

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April • 4+ years in Providence

March 15, 2026

Great for students and those who love proximity to the Atlantic coast.

April

December 14, 2025

Great for students, families, young professionals, and industry workers.

Frequently Asked Questions about Providence

What type of rentals are currently available in Providence?

There are currently 2534 Apartments for Rent in Providence, RI with pricing that ranges from $742 to $16,785. There are also 379 Single Family Homes for rent, Condos, and Townhome rentals currently available in Providence ranging from $850 to $5,500.

What is the current price range for Rental Homes in Providence?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Providence ranges from $850 to $5,500 with an average monthly rent of $2,974.

How much are larger Three and Four Bedroom Rentals in Providence?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Providence range from $1,600 to $5,421, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,700 to $5,500. Four Bedroom Single-Family rentals are also available starting from $2,000 and Four Bedroom Apartments start at $1,250.

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

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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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.

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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.