Cheap Homes for Rent in Providence, RI from $800 (43 Rentals)

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Providence, RI Local Guide

Cheapest Neighborhoods for Apartments in Providence, RI

Pricing Updated: 09/18/2025

Current apartment rentals in the Providence, RI area range in price from $720 to $65,000 with an overall median price of $4,539. The three Providence neighborhoods with the lowest median rent pricing are South Elmwood at $1,900, Valley at $1,300, and Linwood at $1,600. 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$1,950$1,9002
Valley$2,000$1,30010
Linwood$2,225$1,6005
Mount Pleasant$2,250$9009
Lower South Providence$2,300$1,10018
Washington Park$2,300$9838
Hartford$2,400$1,6504
Silver Lake$2,400$1,5006
Outer Downcity East Side$2,600$1,10029
Reservoir$2,700$2,5002

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 $1,295. 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$1,295
Friendly Community ManorThe Linden1BR,1BA$1,450
FOUND Study College HillMain - Efficiency StudioStudio,1BA$1,495

Best Value Apartments for Rent in Providence, RI

As of September 19, 2025 the best value apartment in the Providence area is the $1.56 price per square foot 205 Waterman Ave Model at 205 Waterman Ave, Unit 2ND in the in the Outer East Bay neighborhood starting from $2,800. The second greatest value Providence apartment is the 292 Douglas Ave Model at 292 Douglas Ave, Unit 1st Floor starting at $1,800 with a $1.13 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.
205 Waterman Ave, Unit 2ND205 Waterman Ave4BR,3BA$1.56
292 Douglas Ave, Unit 1st Floor292 Douglas Ave2BR,1BA$1.13
185 Oakland Ave, Unit 2185 Oakland Ave3BR,1BA$1.67
61 Cypress St, Unit 261 Cypress St3BR,1BA$1.37
The Lofts at Pontiac MillsOne Bedroom - Standard1BR,1BA$1.31
49 Ramsay St, Unit 149 Ramsay St1BR,1BA$1.70
13 Stayton St, Unit 2nd floor13 Stayton St2BR,1BA$1.68
163 Cottage St, Unit 3163 Cottage St2BR,1BA$1.65
33 Tingley St, Unit 1F33 Tingley St1BR,1BA$1.60
1693 W Shore Rd, Unit Apartment 401-230-45491693 W Shore Rd1BR,1BA$1.61

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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!

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Frequently Asked Questions about Providence

What type of rentals are currently available in Providence?

There are currently 2546 Apartments for Rent in Providence, RI with pricing that ranges from $720 to $7,932. There are also 166 Single Family Homes for rent, Condos, and Townhome rentals currently available in Providence ranging from $850 to $8,400.

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 $8,400 with an average monthly rent of $3,279.

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 $6,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,000 to $4,000. Four Bedroom Single-Family rentals are also available starting from $2,399 and Four Bedroom Apartments start at $2,200.

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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.