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.

65 Boyd St, Unit 1 floor rear

One Neighborhood Builders Apartments
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.
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 | $1,778 | $1,700 | $1,820 |
Olneyville 1 Bedroom Apartments | $2,029 | $1,350 | $2,400 |
Olneyville 2 Bedroom Apartments | $2,288 | $1,600 | $3,340 |
Olneyville 3 Bedroom Apartments | $2,389 | $1,695 | $2,800 |
Olneyville 4 Bedroom Apartments | $2,720 | $2,250 | $3,200 |
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.
See all Apartments in ProvidenceExplore Providence
Olneyville, Providence, RI Local Guide
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Cheapest Available Olneyville Apartments for Rent
 Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Rising Sun Mills | Frederick | Studio,1BA | $1,815 |
Grant Mill | 2J | 2BR,2BA | $2,450 |
Best Value Apartments for Rent in Olneyville, RI
As of September 13, 2025 the best value apartment in the Olneyville area is the $1.61 price per square foot 49 Lynch St Model at 49 Lynch St, Unit 3 in the in the Manton neighborhood starting from $2,250. The second greatest value Olneyville apartment is the 42 Ring St Model at 42 Ring St 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
49 Lynch St, Unit 3 | 49 Lynch St | 4BR,1BA | $1.61 |
42 Ring St | 42 Ring St | 3BR,1BA | $2.15 |
97 De Pasquale Ave, Unit 1 | 97 De Pasquale Ave | 3BR,1BA | $2.33 |
Grant Mill | 2K | 2BR,2BA | $2.64 |
16 Europe St, Unit 2 | 16 Europe St | 2BR,1BA | $2.10 |
42 Hudson St, Unit 3 | 42 Hudson St | 2BR,1BA | $2.12 |
143 Putnam St, Unit Unit Apartment 1 | 143 Putnam St | 2BR,1BA | $2.31 |
Rising Sun Mills | Frederick | Studio ,1BA | $3.76 |
250 Federal St, Unit 1 | 250 Federal St | 3BR,1BA | $25.00 |
61 Tell St, Unit 3 | 61 Tell St | 1BR,1BA | $17.00 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleOlneyville, Providence, RI
Ranked #21
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 $2,010 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 $2,450 at Grant Mill.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.