Cheap Homes for Rent in the Olneyville Neighborhood of Providence, RI from $1,300 (17 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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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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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 Rising Sun Mills priced from $1,930. Strive Lofts has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,100. Here are the most affordable Olneyville apartments for rent in Providence, RI:

Apartment ListingModel NameBed/BathPriced From
Rising Sun MillsAlexandria1BR,1BA$1,930
Strive Lofts1 Bedroom, 1 Bathroom1BR,1BA$2,100
Grant Mill1C1BR,1BA$2,340
Paragon Mill3BR 2BA3BR,2BA$2,900

Best Value Apartments for Rent in Olneyville, RI

As of July 12, 2026 the best value apartment in the Olneyville area is the $1.84 price per square foot 3BR 2BA Model at Paragon Mill in the in the Manton neighborhood starting from $2,900. 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.
Paragon Mill3BR 2BA3BR,2BA$1.84
1 Fowler St, Unit 2nd floor1 Fowler St4BR,2BA$2.15
124 Vinton St, 3, Unit 3124 Vinton St, 34BR,1BA$1.91
465 W Fountain St, Unit 2465 W Fountain St2BR,1BA$2.00
292 Knight St, Unit 1292 Knight St3BR,1BA$2.00
Grant Mill1U1BR,1BA$2.51
Rising Sun MillsAlexandria1BR,1BA$2.35
19 Covell St, Unit 219 Covell St2BR,1BA$2.25
Strive Lofts1 Bedroom, 1 Bathroom1BR,1BA$2.83
21 Dale St, Unit L121 Dale StStudio ,1BA$3.00

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 #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 308 Apartments for Rent in Olneyville, RI with pricing that ranges from $450 to $5,714. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Olneyville ranging from $1,300 to $2,700.

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 $1,300 to $2,700 with an average monthly rent of $1,847.

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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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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.