Cheap Homes for Rent in Providence, RI from $800 (73 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 Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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property at 35 Hoppin Ave

35 Hoppin Ave

RiversideRI02915

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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Providence, RI Local Guide

Cheapest Neighborhoods for Apartments in Providence, RI

Pricing Updated: 08/04/2025

Current apartment rentals in the Providence, RI area range in price from $850 to $18,000 with an overall median price of $3,819. The three Providence neighborhoods with the lowest median rent pricing are Outer Downcity East Side at $1,650, Valley at $1,350, and Federal Hill at $1,899. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Providence Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Outer Downcity East Side$1,795$1,6503
Valley$2,000$1,3502
Federal Hill$2,245$1,8992
Elmwood$2,850$2,7002
Lower South Providence$2,850$1,8993
Upper South Providence$2,850$1,8994
Olneyville$2,872$2,0003
West End Providence$2,872$2,0503
Warwick West Warwick$2,900$1,40015
Downtown Providence$2,925$2,5994

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
The Case-Mead LoftsMicroloftStudio,1BA$1,375
Landings on the Trail Apartment HomesStudioStudio,1BA$1,375
Royale ApartmentsStudioStudio,1BA$1,395
FOUND Study College HillMain - StudioStudio,1BA$1,445
Parkway Apartments1 bed 1 bath1BR,1BA$1,495
University Heights ApartmentsElmhurstStudio,1BA$1,500

Best Value Apartments for Rent in Providence, RI

As of August 04, 2025 the best value apartment in the Providence area is the $0.50 price per square foot 83 Terrace Ave Model at 83 Terrace Ave, Unit 1 in the in the Manton neighborhood starting from $1,850. The second greatest value Providence apartment is the 16 Carr St Model at 16 Carr St, Unit 2nd Floor starting at $2,700 with a $0.80 price per square foot in the Washington Park 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.
83 Terrace Ave, Unit 183 Terrace Ave1BR,1BA$0.50
16 Carr St, Unit 2nd Floor16 Carr St4BR,2BA$0.80
48 Grove St, Unit 5 - Penthouse48 Grove St3BR,1BA$1.02
14 Florence St, Unit Apt 114 Florence St4BR,1BA$1.07
164 Bridgham St, Unit #1164 Bridgham St4BR,1BA$1.56
292 Douglas Ave, Unit 1st Floor292 Douglas Ave2BR,1BA$1.25
Paragon Mill3BR 2BA3BR,2BA$1.54
61 Cypress St, Unit 261 Cypress St3BR,1BA$1.50
The Lofts at Pontiac MillsOne Bedroom - Standard1BR,1BA$1.31
172 Division St, Unit 2 nd floor172 Division St3BR,1BA$1.50

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 2523 Apartments for Rent in Providence, RI with pricing that ranges from $250 to $23,324. There are also 181 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 $2,987.

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 $6,100, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,000 to $5,000. Four Bedroom Single-Family rentals are also available starting from $2,250 and Four Bedroom Apartments start at $2,100.

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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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.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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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.