Cheap Homes for Rent in Providence, RI from $700 (63 Rentals)

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

property at 24 Lincoln Ave

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800
Total Monthly Price
$800

3 Bedroom, 1 Bath Home for Rent

Available Now

24 Lincoln Ave

RiversideRI02915

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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property at 36 Canton St

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500
Total Monthly Price
$1,500

2 Bedroom, 1 Bath Townhome for Rent

Available May 18

36 Canton St, Unit Unit1, Unit Unit1

36 Canton St
ProvidenceRI02908
property at 481 Pine St

$1,525

Total Monthly Price

Total Monthly Price

Base Rent
$1,525
Total Monthly Price
$1,525

1 Bedroom, 1 Bath Home for Rent

Available Now

481 Pine St

ProvidenceRI02907

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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Showing Results 1-50, Page 1 of 2

Providence, RI Local Guide

Cheapest Neighborhoods for Apartments in Providence, RI

Pricing Updated: 05/17/2026

Current apartment rentals in the Providence, RI area range in price from $742 to $35,666 with an overall median price of $5,557. The three Providence neighborhoods with the lowest median rent pricing are South Elmwood at $1,395, Outer Downcity East Side at $1,250, and Reservoir at $1,700. 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$2,100$1,3953
Outer Downcity East Side$2,175$1,25025
Reservoir$2,300$1,7004
Washington Park$2,300$9956
Olneyville$2,325$82532
Federal Hill$2,350$75481
Valley$2,500$1,70017
Warwick West Warwick$2,600$1,21076
Linwood$2,700$1,6003
Blackstone$3,150$1,6008

Cheapest Available Providence Apartments for Rent

 

The cheapest available apartment rental in Providence, RI is a Studio unit found at Mansion House Apartments priced from $1,200. Wayland Manor Apartments in the Wayland neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,400. Here is today’s list of the most affordable Providence apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Mansion House ApartmentsStudioStudio,1BA$1,200
Wayland Manor ApartmentsStudio1BR,1BA$1,400
22-24 Pocasset Ave1 x 11BR,1BA$1,450
The Presley ApartmentsCozy StudioStudio,1BA$1,450
Garden VillageThe JuniperStudio,1BA$1,460

Best Value Apartments for Rent in Providence, RI

As of May 18, 2026 the best value apartment in the Providence area is the $1.56 price per square foot 34 Pembroke Ave Model at 34 Pembroke Ave, Unit 34 in the in the Manton neighborhood starting from $2,500. The second greatest value Providence apartment is the 1 Bedroom Model at Westminster Lofts starting at $2,345 with a $1.48 price per square foot in the College Hill 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.
34 Pembroke Ave, Unit 3434 Pembroke Ave4BR,1BA$1.56
Westminster Lofts1 Bedroom1BR,1BA$1.48
46 Pembroke Ave, Unit 4646 Pembroke Ave3BR,1BA$1.43
10 Bainbridge Ave, Unit Bainbridge10 Bainbridge Ave3BR,1BA$0.57
710 River Ave, Unit 2710 River Ave2BR,1BA$1.39
53 Vernon Street, Unit Apt 853 Vernon Street2BR,1BA$1.39
76 Providence St, Unit FL 176 Providence St1BR,1BA$0.60
8 Auburn Ave, Unit 10 Auburn Ave8 Auburn Ave1BR,1BA$1.50
138 Wilmarth Ave, Unit 2nd Floor138 Wilmarth Ave2BR,1BA$0.83
35 Birchland Ave, Unit 35 Birchland Ave35 Birchland Ave2BR,1BA$1.48

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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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 2550 Apartments for Rent in Providence, RI with pricing that ranges from $742 to $17,057. There are also 410 Single Family Homes for rent, Condos, and Townhome rentals currently available in Providence ranging from $750 to $25,000.

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 $750 to $25,000 with an average monthly rent of $3,179.

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 $850 to $5,908, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $7,500. Four Bedroom Single-Family rentals are also available starting from $2,395 and Four Bedroom Apartments start at $825.

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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.