
Cheap Apartments for Rent in the Silver Lake Neighborhood of Providence, RI from $1,400 (10 Rentals)
Search the lowest-cost Apartments available for rent right now in the Silver Lake area of Providence.


17 What Cheer Ave

241 Pocasset Ave

17 What Cheer Ave

53 Bancroft St
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.

Total Monthly Price
26 Wallace St, Unit 3rd floor, Unit 3rd floor

Total Monthly Price
800 Plainfield St

Total Monthly Price
28 Mercy St, Unit Apartment #2, Unit Apartment #2

53 Bancroft St

389 Laurel Hill Ave
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.
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 | $2,635 | $1,450 | $4,313 |
| Silver Lake 2 Bedroom Apartments | $1,940 | $1,700 | $2,300 |
| Silver Lake 3 Bedroom Apartments | $2,033 | $1,600 | $2,300 |
Browse Apartments in this Neighborhood
There are currently 10 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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Cheapest Available Silver Lake Apartments for Rent
 | Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 22-24 Pocasset Ave | 1 x 1 | 1BR,1BA | $1,450 |
Best Value Apartments for Rent in Silver Lake, RI
As of April 28, 2026 the best value apartment in the Silver Lake area is the $1.50 price per square foot 800 Plainfield St Model at 800 Plainfield St in the in the Manton neighborhood starting from $1,800. The second greatest value Silver Lake apartment is the 26 Wallace St Model at 26 Wallace St, Unit 3rd floor starting at $1,700 with a $1.55 price per square foot in the Manton 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. |
|---|---|---|---|
| 800 Plainfield St | 800 Plainfield St | 2BR,1BA | $1.50 |
| 26 Wallace St, Unit 3rd floor | 26 Wallace St | 2BR,1BA | $1.55 |
| 39 Sophia St, Unit Sophia Street 2nd Floor | 39 Sophia St | 3BR,1BA | $2.33 |
| 22-24 Pocasset Ave | 1 x 1 | 1BR,1BA | $1.93 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick 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.
Pet Friendly LifestyleSilver Lake, Providence, RI
Ranked #29
Among cities in Rhode Island for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
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

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.

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.

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.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.