
Cheap Homes for Rent in Mt Hope Neighborhood of Providence, RI from $1,000 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Mt Hope area of Providence.

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.

72 Hillside Ave, Unit Lower
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.

100 Taft Ave, Unit 3
Mt Hope, Providence, RI Local Guide

How much does it cost to rent a home in Mt Hope?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Mt Hope 2 Bedroom Homes for Rent | $2,730 | $2,250 | $4,000 |
| Mt Hope 3 Bedroom Homes for Rent | $2,535 | $2,400 | $2,750 |
| Mt Hope 4 Bedroom Homes for Rent | $6,800 | $6,800 | $6,800 |
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the Mt Hope Neighborhood of Providence, RI.
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Best Value Apartments for Rent in Mt Hope, RI
As of April 28, 2026 the best value apartment in the Mt Hope area is the $1.67 price per square foot 42 Cypress St Model at 42 Cypress St, Unit Apt 2 in the in the Hope neighborhood starting from $2,500. The second greatest value Mt Hope apartment is the 16 Tecumseh Street Model at 16 Tecumseh Street, Unit Unit #3 starting at $2,000 with a $2.50 price per square foot in the Hope neighborhood. Here is today’s list of the best values for Mt Hope apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 42 Cypress St, Unit Apt 2 | 42 Cypress St | 2BR,1BA | $1.67 |
| 16 Tecumseh Street, Unit Unit #3 | 16 Tecumseh Street | 2BR,1BA | $2.50 |
| Charles Landing | 1 Bedroom 1 Bathroom | 1BR,1BA | $3.19 |
Frequently Asked Questions about Mt Hope
What type of rentals are currently available in Mt Hope?
There are currently 73 Apartments for Rent in Mt Hope, RI with pricing that ranges from $1,500 to $12,056. There are also 25 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mt Hope ranging from $1,050 to $6,800.
What is the current price range for Rental Homes in Mt Hope?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Mt Hope ranges from $1,050 to $6,800 with an average monthly rent of $3,093.
How much are larger Three and Four Bedroom Rentals in Mt Hope?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Mt Hope range from $2,100 to $2,750, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,400 to $2,750. Four Bedroom Single-Family rentals are also available starting from $6,800 and Four Bedroom Apartments start at $9,259.
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.