Cheap Homes for Rent in Providence, RI from $800 (97 Rentals)

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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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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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Providence, RI Local Guide

Cheapest Neighborhoods for Apartments in Providence, RI

Pricing Updated: 06/19/2025

Current apartment rentals in the Providence, RI area range in price from $720 to $26,476 with an overall median price of $4,286. The three Providence neighborhoods with the lowest median rent pricing are Silver Lake at $1,750, Linwood at $1,789, and Elmwood at $1,300. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Providence Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Silver Lake$1,947$1,7505
Linwood$2,300$1,7893
Elmwood$2,350$1,3005
South Elmwood$2,350$1,8001
Reservoir$2,425$1,8004
Wayland$2,450$72076
Warwick West Warwick$2,836$98544
Lower South Providence$2,850$1,5003
Hartford$2,875$72039
Washington Park$2,950$8676

Cheapest Available Providence Apartments for Rent

 

The cheapest available apartment rental in Providence, RI is a 1 Bed unit found at 339-343 Thayer St in the College Hill neighborhood priced from $950. The Presley Apartments in the Warwick West Warwick neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,350. Here is today’s list of the most affordable Providence apartments for rent:

Apartment ListingModel NameBed/BathPriced From
339-343 Thayer St4 Bed1BR,1BA$950
The Presley ApartmentsCozy StudioStudio,1BA$1,350
The Case-Mead LoftsMicroloftStudio,1BA$1,375
Parkway ApartmentsStudio Newly RenovatedStudio,1BA$1,395
Landings on the Trail Apartment HomesStudioStudio,1BA$1,420
110 Benefit Street Apartment HomesStudioStudio,1BA$1,450

Best Value Apartments for Rent in Providence, RI

As of June 20, 2025 the best value apartment in the Providence area is the $0.13 price per square foot Apt 2 Model at 57 Governor St. in the in the College Hill neighborhood starting from $1,250. The second greatest value Providence apartment is the 3BR 2BA Model at Paragon Mill starting at $2,425 with a $1.54 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.
57 Governor St.Apt 23BR,1BA$0.13
Paragon Mill3BR 2BA3BR,2BA$1.54
98 Wentworth Ave, Unit 98 Wentworth Ave98 Wentworth Ave2BR,1BA$1.17
71 Ayrault St, Unit 371 Ayrault St3BR,1BA$1.60
Chateau ChatillonNew Classic 2 Bed Belvedere2BR,2BA$1.56
152 Harrison St152 Harrison St3BR,1BA$1.35
The Lofts at Pontiac MillsOne Bedroom - Standard1BR,1BA$1.31
67 Simmons St, Unit 2ND FLOOR67 Simmons St3BR,1BA$1.50
360 Academy Ave, Unit 3360 Academy Ave2BR,1BA$1.54
860 Mineral Spring Ave, Unit 2nd floor860 Mineral Spring Ave1BR,1BA$1.43

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 Providence

What type of rentals are currently available in Providence?

There are currently 2427 Apartments for Rent in Providence, RI with pricing that ranges from $720 to $26,476. There are also 253 Single Family Homes for rent, Condos, and Townhome rentals currently available in Providence ranging from $800 to $15,000.

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 $800 to $15,000 with an average monthly rent of $4,678.

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 $1,327 to $6,670, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,800 to $5,000. Four Bedroom Single-Family rentals are also available starting from $3,000 and Four Bedroom Apartments start at $2,300.

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.