Cheap Apartments for Rent in the Silver Lake Neighborhood of Providence, RI from $1,500 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in the Silver Lake area of Providence.
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.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Silver Lake, Providence, RI Local Guide

How much does it cost to rent an apartment in Silver Lake?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Silver Lake 1 Bedroom Apartments | $1,580 | $1,500 | $1,700 |
Silver Lake 2 Bedroom Apartments | $1,675 | $1,675 | $1,675 |
Silver Lake 3 Bedroom Apartments | $2,050 | $1,800 | $2,300 |
Silver Lake 4 Bedroom Apartments | $2,400 | $2,400 | $2,400 |
Browse Apartments in this Neighborhood
There are currently 20 rentals with your search options within a 2 mile radius of the Silver Lake Neighborhood of Providence, RI.
See all Apartments in ProvidenceExplore Providence
Silver Lake, Providence, RI Local Guide
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Best Value Apartments for Rent in Silver Lake, RI
As of September 14, 2025 the best value apartment in the Silver Lake area is the $0.46 price per square foot 83 Terrace Ave Model at 83 Terrace Ave, Unit 1 in the in the South Elmwood neighborhood starting from $1,700. The second greatest value Silver Lake apartment is the 84 Progress Ave Model at 84 Progress Ave, Unit 3 starting at $1,500 with a $1.76 price per square foot in the South Elmwood neighborhood. Here is today’s list of the best values for Silver Lake apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
83 Terrace Ave, Unit 1 | 83 Terrace Ave | 1BR,1BA | $0.46 |
84 Progress Ave, Unit 3 | 84 Progress Ave | 1BR,1BA | $1.76 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleSilver Lake, Providence, RI
Ranked #13
Among cities in Rhode Island for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Getting Around the Silver Lake Neighborhood in Providence, RI
Walk Score®
74 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
55 / 100
Bikeable
Some bike infrastructure
Transit Score®
42 / 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.
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.