Cheap Apartments for Rent in the Olneyville Neighborhood of Providence, RI from $500 (6 Rentals)
Search the lowest-cost Apartments available for rent right now in the Olneyville area of Providence.
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.

One Neighborhood Builders Apartments
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.
Olneyville, Providence, RI Local Guide

How much does it cost to rent an apartment in Olneyville?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Olneyville Studio Apartments | $1,700 | $1,700 | $1,700 |
| Olneyville 1 Bedroom Apartments | $1,784 | $895 | $2,400 |
| Olneyville 2 Bedroom Apartments | $2,192 | $1,600 | $2,865 |
| Olneyville 3 Bedroom Apartments | $2,513 | $1,550 | $3,300 |
| Olneyville 4 Bedroom Apartments | $2,816 | $2,200 | $3,375 |
Browse Apartments in this Neighborhood
There are currently 6 rentals with your search options within a 2 mile radius of the Olneyville Neighborhood of Providence, RI.
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Olneyville, Providence, RI Local Guide
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Cheapest Available Olneyville Apartments for Rent
 | Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| US Rubber Lofts | 1 Bed 1 Bath | 1BR,1BA | $1,735 |
| Rising Sun Mills | Alexandria | 1BR,1BA | $1,790 |
Best Value Apartments for Rent in Olneyville, RI
As of December 20, 2025 the best value apartment in the Olneyville area is the $1.46 price per square foot 18 Piedmont St Model at 18 Piedmont St, Unit Fl 2 in the in the Manton neighborhood starting from $3,300. The second greatest value Olneyville apartment is the 97 De Pasquale Ave Model at 97 De Pasquale Ave, Unit 3 starting at $2,500 with a $2.33 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 18 Piedmont St, Unit Fl 2 | 18 Piedmont St | 3BR,3BA | $1.46 |
| 97 De Pasquale Ave, Unit 3 | 97 De Pasquale Ave | 3BR,1BA | $2.33 |
| 48 Riverdale St, Unit 3 | 48 Riverdale St | 3BR,1BA | $2.01 |
| US Rubber Lofts | 1 Bed 1 Bath | 1BR,1BA | $1.71 |
| Rising Sun Mills | Chelsea | 2BR,2BA | $2.36 |
| 98 Vinton St, Unit Unit 3 | 98 Vinton St | 3BR,1BA | $3.10 |
| 250 Federal St, Unit 1 | 250 Federal St | 3BR,1BA | $25.00 |
| 123 Almy St, Unit 1F | 123 Almy St | 2BR,1BA | $22.50 |
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.
Read ArticleThe 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.
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 LifestyleOlneyville, Providence, RI
Ranked #7
Among cities in Rhode Island for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Getting Around the Olneyville Neighborhood in Providence, RI
Walk Score®
85 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
76 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
47 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Olneyville Apartments
How much is rent for a Cheap One Bedroom Olneyville Apartment?
The lowest price for a Cheap One Bedroom Olneyville Apartment is $1,735 at US Rubber Lofts.
What is the lowest price for a Cheap Two Bedroom Olneyville Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Olneyville is starting from $2,270 at Rising Sun Mills.
What is the most affordable Olneyville Three Bedroom Apartment?
The best deal on a cheap Olneyville Three Bedroom Apartment rental is at US Rubber Lofts and starts from $2,500.
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

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.




