Cheap Apartments for Rent in the Olneyville Neighborhood of Providence, RI from $500 (47 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Olneyville 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.

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property at 98 Knight St

$1,475 - $2,300

1 To 2 Bedroom Rentals

Available Now

98 Knight St

ProvidenceRI02909
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54 Sutton St
$1,600 - $2,200
Total Monthly Price

Total Monthly Price

Base Rent
$1,600 - $2,200
Total Monthly Price
$1,600 - $2,200
Studio to 1 Bedroom Apartment Available Now

54 Sutton St

54 Sutton StProvidence, RI 02903
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21 Dale St
$1,750 - $2,000
Total Monthly Price

Total Monthly Price

Base Rent
$1,750 - $2,000
Total Monthly Price
$1,750 - $2,000
Studio to 3 Bedroom Apartment Available Now

21 Dale St

21 Dale StProvidence, RI 02909
Affordability
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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.

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property at 54 Sutton St

$1,800 - $2,300

Studio To 2 Bedroom Rentals

Available Now

54 Sutton St

ProvidenceRI02903

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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property at 124 Almy St

$2,000 - $2,250

Total Monthly Price

Total Monthly Price

Base Rent
$2,000 - $2,250
Total Monthly Price
$2,000 - $2,250

1 Bedroom, 1 Bath Condo for Rent

Available Now

124 Almy St

ProvidenceRI02909

From Blue-Collar to Bustling: Discover the Best Affordable Neighborhoods for Renting in Providence

Discover the top 7 affordable and charming neighborhoods in Providence, RI. This local expert's guide helps you find the best value living in the historic New England city.

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The Plant
Studio to 1 Bedroom Apartments

The Plant

60 Valley StProvidence, RI 02909
  • Utilities Included
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The 91 Lofts
Studio Apartments

The 91 Lofts

91 Hartford AveProvidence, RI 02909
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22-24 Pocasset Ave
1 to 2 Bedroom Apartments

22-24 Pocasset Ave

22-24 Pocasset AveProvidence, RI 02909
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530 Broadway
Studio to 1 Bedroom Apartments

530 Broadway

530 BroadwayProvidence, RI 02909
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12 Piedmont
1 Bedroom Apartments

12 Piedmont

12 Piedmont StProvidence, RI 02909
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468 W Fountain St
Studio to 3 Bedroom Apartments

468 W Fountain St

468 W Fountain StProvidence, RI 02903
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11-15 Piedmont St
1 Bedroom Apartments

11-15 Piedmont St

11-15 Piedmont StProvidence, RI 02909
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8 Hewitt St
Studio to 2 Bedroom Apartments

8 Hewitt St

8 Hewitt StProvidence, RI 02909
  • Utilities Included

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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34 Knight St
1 to 2 Bedroom Apartments

34 Knight St

34 Knight StProvidence, RI 02909
  • Utilities Included
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1290W
Studio to 2 Bedroom Apartments

1290W

1292 Westminster StProvidence, RI 02909
  • Utilities Included
Showing Results 1-47, Page 1 of 1

Olneyville, Providence, RI Local Guide

Cheapest Available Olneyville Apartments for Rent

 

The cheapest available apartment rental in the Olneyville area of Providence, RI is a 1 Bed unit found at Paragon Mill priced from $1,132. 22-24 Pocasset Ave has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,450. Here are the most affordable Olneyville apartments for rent in Providence, RI:

Apartment ListingModel NameBed/BathPriced From
Paragon Mill1BR 1BA1BR,1BA$1,132
22-24 Pocasset Ave1 x 11BR,1BA$1,450
Strive Lofts1 Bedroom, 1 Bathroom1BR,1BA$2,000
Rising Sun MillsAlexandria1BR,1BA$2,005
Grant Mill1A1BR,1BA$2,145
US Rubber Lofts2 Bed 2 Bath2BR,2BA$2,200

Best Value Apartments for Rent in Olneyville, RI

As of May 01, 2026 the best value apartment in the Olneyville area is the $0.60 price per square foot 10 Bainbridge Ave Model at 10 Bainbridge Ave, Unit Bainbridge in the in the Manton neighborhood starting from $900. The second greatest value Olneyville apartment is the Unit #2 Model at 98 Knight St starting at $2,300 with a $1.77 price per square foot in the Manton neighborhood. Here is today’s list of the best values for Olneyville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
10 Bainbridge Ave, Unit Bainbridge10 Bainbridge Ave3BR,1BA$0.60
98 Knight StUnit #22BR,1.5BA$1.77
124 Vinton St, 3, Unit 3124 Vinton St, 34BR,1BA$1.91
35 Valley St, Unit #235 Valley St4BR,1BA$2.00
292 Knight St, Unit 1292 Knight St3BR,1BA$2.00
37 Hudson St, Unit Unit#337 Hudson St2BR,1BA$1.65
Paragon Mill1BR 1BA1BR,1BA$1.22
21 Dale St21 Dale St3BR,1BA$2.22
Rising Sun MillsAlexandria1BR,1BA$2.12
22-24 Pocasset Ave1 x 11BR,1BA$1.93

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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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.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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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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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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Pet Friendly Lifestyle
Olneyville, Providence, RI

Ranked #6

Among cities in Rhode Island for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Olneyville Apartments

What is the price of a cheap apartment in Olneyville?

The cheapest apartment in Olneyville is Paragon Mill which is listed at $1,132, while the average apartment in Olneyville costs $2,775.

What types of apartments are the cheapest in Olneyville?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 2 regular apartments in Olneyville that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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

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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.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.