Cheap Apartments for Rent in the Olneyville Neighborhood of Providence, RI from $500 (41 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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150 Acorn St, Unit 1
$1,600
Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600
2 Bedroom Apartment Available Now

150 Acorn St, Unit 1

150 Acorn StProvidence, RI 02903
Affordability
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100 Tell St, Unit 3
$1,675
Total Monthly Price

Total Monthly Price

Base Rent
$1,675

Total Monthly Price
$1,675
2 Bedroom Apartment Available Jul 1

100 Tell St, Unit 3

100 Tell 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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21 Dale St
$1,800 - $1,850
Total Monthly Price

Total Monthly Price

Base Rent
$1,800 - $1,850

Total Monthly Price
$1,800 - $1,850
Studio to 3 Bedroom Apartment Available Now

21 Dale St

21 Dale StProvidence, RI 02909
Affordability
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19 Covell St, Unit 2
$1,800
Total Monthly Price

Total Monthly Price

Base Rent
$1,800

Total Monthly Price
$1,800
2 Bedroom Apartment Available Jul 1

19 Covell St, Unit 2

19 Covell StProvidence, RI 02909
Affordability
property at 54 Sutton St

$1,800 - $2,300

Studio To 2 Bedroom Rentals

Available Now

54 Sutton St

ProvidenceRI02903

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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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

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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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
  • Utilities Included
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12 Piedmont
1 Bedroom Apartments

12 Piedmont

12 Piedmont StProvidence, RI 02909
  • Utilities Included
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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
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34 Knight St
1 to 2 Bedroom Apartments

34 Knight St

34 Knight StProvidence, RI 02909
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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1290W
Studio to 2 Bedroom Apartments

1290W

1292 Westminster StProvidence, RI 02909
  • Utilities Included

Olneyville, Providence, RI Local Guide

Cheapest Available Olneyville Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
Rising Sun MillsFrederickStudio,1BA$1,750
Strive Lofts1 Bedroom, 1 Bathroom1BR,1BA$1,950

Best Value Apartments for Rent in Olneyville, RI

As of June 16, 2026 the best value apartment in the Olneyville area is the $0.45 price per square foot 123 Vinton St Model at 123 Vinton St, Unit 2 in the in the Manton neighborhood starting from $900. The second greatest value Olneyville apartment is the 1 Fowler St Model at 1 Fowler St, Unit 2nd floor starting at $2,800 with a $2.15 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.
123 Vinton St, Unit 2123 Vinton St4BR,1BA$0.45
1 Fowler St, Unit 2nd floor1 Fowler St4BR,2BA$2.15
124 Vinton St, 3, Unit 3124 Vinton St, 34BR,1BA$1.91
35 Valley St, Unit #235 Valley St4BR,1BA$1.92
292 Knight St, Unit 1292 Knight St3BR,1BA$2.00
148 De Pasquale Ave, Unit 3rd Floor148 De Pasquale Ave4BR,1BA$1.77
70 Bowdoin St, Unit Unit 270 Bowdoin St3BR,1BA$1.91
21 Dale St21 Dale St3BR,1BA$2.27
150 Acorn St, Unit 1150 Acorn St2BR,1BA$2.13
150 Acorn St, Unit 1150 Acorn St2BR,1BA$2.00

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 #7

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

How much is rent for a Cheap One Bedroom Olneyville Apartment?

The lowest price for a Cheap One Bedroom Olneyville Apartment is $1,915 at Rising Sun Mills.

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 $2,200 at Strive Lofts.

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

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

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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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.