
Cheap Apartments for Rent in the Hope Neighborhood of Providence, RI from $1,000 (14 Rentals)
Search the lowest-cost Apartments available for rent right now in the Hope area of Providence.


Total Monthly Price
44 Woodbine St, Unit B, Unit B

72 Hillside Ave, Unit Lower

40 Sessions St, Unit 16

100 Taft Ave, Unit 3

40 Sessions St, Unit 13

121 Ledge St
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.

East Side Apartments

18 8th St

101 Hillside Ave.

221 Doyle Ave

422 Pawtucket Ave

422 Pawtucket Ave

Total Monthly Price
508 Pawtucket Ave
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.
Hope, Providence, RI Local Guide

How much does it cost to rent an apartment in Hope?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Hope Studio Apartments | $2,077 | $1,725 | $3,449 |
| Hope 1 Bedroom Apartments | $2,814 | $1,500 | $3,800 |
| Hope 2 Bedroom Apartments | $2,615 | $1,600 | $5,800 |
| Hope 3 Bedroom Apartments | $2,672 | $2,100 | $5,200 |
| Hope 4 Bedroom Apartments | $10,657 | $9,259 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 14 rentals with your search options within a 1 mile radius of the Hope Neighborhood of Providence, RI.
See all Apartments in ProvidenceExplore Providence
Hope, Providence, RI Local Guide
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Cheapest Available Hope Apartments for Rent
 | Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Village Lofts | V0x1E | Studio,1BA | $1,725 |
Best Value Apartments for Rent in Hope, RI
As of April 28, 2026 the best value apartment in the Hope area is the $1.74 price per square foot 29 Ogden St Model at 29 Ogden St, Unit 2 in the in the Hope neighborhood starting from $3,300. The second greatest value Hope apartment is the 42 Cypress St Model at 42 Cypress St, Unit Apt 2 starting at $2,500 with a $1.67 price per square foot in the Hope neighborhood. Here is today’s list of the best values for Hope apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 29 Ogden St, Unit 2 | 29 Ogden St | 2BR,1BA | $1.74 |
| 42 Cypress St, Unit Apt 2 | 42 Cypress St | 2BR,1BA | $1.67 |
| The Village Lofts | V0x1C | Studio ,1BA | $2.09 |
| 16 Tecumseh Street, Unit Unit #3 | 16 Tecumseh Street | 2BR,1BA | $2.50 |
| 508 Pawtucket Ave | 508 Pawtucket Ave | 1BR,1BA | $2.29 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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Read ArticleQuick 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.
Pet Friendly LifestyleHope, Providence, RI
Ranked #18
Among cities in Rhode Island for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Hope, Providence, RI
School data provided by Great Schools
Frequently Asked Questions about Cheap Hope Apartments
What is the Cheapest Studio apartment in Hope?
Currently the most affordable Cheap Studio Apartment in Hope is at The Village Lofts listed at $1,725.
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

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.

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.

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.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.