Cheap Homes for Rent in Olneyville Neighborhood of Providence, RI from $700 (13 Rentals)

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Search the lowest-cost Homes 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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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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Showing Results 1-13, 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 22-24 Pocasset Ave priced from $1,450. Strive Lofts has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,950. Here are the most affordable Olneyville apartments for rent in Providence, RI:

Apartment ListingModel NameBed/BathPriced From
22-24 Pocasset Ave1 x 11BR,1BA$1,450
Strive Lofts1 Bedroom, 1 Bathroom1BR,1BA$1,950
Rising Sun MillsAlexandria1BR,1BA$2,095
98 Knight StUnit #22BR,1BA$2,300

Best Value Apartments for Rent in Olneyville, RI

As of May 20, 2026 the best value apartment in the Olneyville area is the $0.57 price per square foot 10 Bainbridge Ave Model at 10 Bainbridge Ave, Unit Bainbridge in the in the Manton neighborhood starting from $850. 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$0.57
98 Knight StUnit #22BR,1.5BA$1.77
124 Vinton St, 3, Unit 3124 Vinton St, 34BR,1BA$1.91
292 Knight St, Unit 1292 Knight St3BR,1BA$2.00
148 De Pasquale Ave, Unit 3rd Floor148 De Pasquale Ave4BR,1BA$1.77
37 Hudson St, Unit Unit#337 Hudson St2BR,1BA$1.65
Rising Sun MillsAlexandria1BR,1BA$2.36
21 Dale St21 Dale St3BR,1BA$2.32
22-24 Pocasset Ave1 x 11BR,1BA$1.93
12 Africa St, Unit 312 Africa St2BR,1BA$2.53

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 #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 Olneyville

What type of rentals are currently available in Olneyville?

There are currently 289 Apartments for Rent in Olneyville, RI with pricing that ranges from $825 to $4,244. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Olneyville ranging from $750 to $2,950.

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 $750 to $2,950 with an average monthly rent of $1,983.

How much are larger Three and Four Bedroom Rentals in Olneyville?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Olneyville range from $850 to $3,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,975 to $2,300. Four Bedroom Single-Family rentals are also available starting from $2,950 and Four Bedroom Apartments start at $825.

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.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

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.

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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.