
Cheap Homes for Rent in Olneyville Neighborhood of Providence, RI from $1,200 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Olneyville area of Providence.

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.

58 Sutton St

296 Atwells Ave
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Olneyville, Providence, RI Local Guide

How much does it cost to rent a home in Olneyville?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Olneyville 2 Bedroom Homes for Rent | $2,868 | $2,100 | $4,000 |
Olneyville 3 Bedroom Homes for Rent | $2,400 | $2,000 | $2,800 |
Browse Homes for Rent in this Neighborhood
There are currently 4 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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Best Value Apartments for Rent in Olneyville, RI
As of May 23, 2025 the best value apartment in the Olneyville area is the $1.41 price per square foot 2 Bedroom Model at Westminster Lofts in the in the College Hill neighborhood starting from $3,010. The second greatest value Olneyville apartment is the 3BR 2BA Model at Paragon Mill starting at $2,425 with a $1.54 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. |
---|---|---|---|
Westminster Lofts | 2 Bedroom | 2BR,2BA | $1.41 |
Paragon Mill | 3BR 2BA | 3BR,2BA | $1.54 |
97 Fairmount Ave, Unit 2 | 97 Fairmount Ave | 5BR,2BA | $2.20 |
The 870 Reserve | 2-Bed | 2BR,2BA | $2.40 |
100 Spruce St, Unit # apartment 4 | 100 Spruce St | 3BR,1BA | $0.92 |
148 De Pasquale Ave, Unit 2 | 148 De Pasquale Ave | 3BR,1BA | $1.75 |
468 W Fountain St | 1 bed | 1BR,1BA | $1.75 |
14 Africa St, Unit #2 | 14 Africa St | 2BR,1BA | $2.65 |
Strive Lofts | 1 Bedroom, 1 Bathroom | 1BR,1BA | $2.83 |
Center Place | A5 | 1BR,1BA | $3.25 |
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.
Frequently Asked Questions about Olneyville
What type of rentals are currently available in Olneyville?
There are currently 294 Apartments for Rent in Olneyville, RI with pricing that ranges from $995 to $29,074. There are also 16 Single Family Homes for rent, Condos, and Townhome rentals currently available in Olneyville ranging from $1,200 to $4,000.
What is the current price range for Rental Homes in Olneyville?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Olneyville ranges from $1,200 to $4,000 with an average monthly rent of $2,272.
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 Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.