Most Affordable Neighborhoods in Providence, RI
Some of the cheapest neighborhoods in Providence are Washington Park, Blackstone, and Elmhurst. These neighborhoods offer some of the lowest rent prices in Providence, making them ideal for renters on a budget. As of December 26, 2024, the average rent in Providence is $1,956, which is 0.2% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Washington Park
Average Rent
$820/Month
TransitScore® Rating
46/100
Units Available
1 Rentals
If you’re looking for a great, affordable neighborhood in Providence, Washington Park might be the perfect place! It has an average rent price of $820, while the city’s average stands at $1,956. Washington Park is near Johnson & Wales Univ Downcity, Roger Williams Park, and Rhode Island Tf Green International.
Blackstone
Average Rent
$950/Month
TransitScore® Rating
41/100
Units Available
1 Rentals
Blackstone combines affordability with scenic beauty along the Seekonk River. Blackstone Boulevard, with its tree-lined walking path, is perfect for leisurely strolls. The nearby Blackstone Park Conservation District provides additional outdoor activities.
Elmhurst
Average Rent
$1,200/Month
TransitScore® Rating
43/100
Units Available
1 Rentals
Elmhurst offers budget-friendly living with ample green spaces and convenient amenities. Providence College's campus provides a scenic backdrop and cultural events. Nearby, the local shops and eateries on Smith Street ensure easy access to daily necessities.
Charles
Average Rent
$1,400/Month
Year-Over-Year Rent Change
2.1%
TransitScore® Rating
43/100
Units Available
1 Rentals
Charles is a top choice for budget-conscious renters for a variety of reasons. The average rent in Charles is $1,400 while the city average is $1,956. This is a 2.1% difference from last year. Residents enjoy convenient access to C.C. of Rhode Island, Downcity, Mattapan Station, and Woonasquatucket River Greenway - Riverside Park. The neighborhood is considered walkable with a WalkScore® of 75.
Reservoir
Average Rent
$1,453/Month
Year-Over-Year Rent Change
6.9%
TransitScore® Rating
42/100
Units Available
4 Rentals
When you’re looking for a great Providence neighborhood on a budget, check out Reservoir. The average rent is $1,453, compared to the city average of $1,956. Rent prices have increased by 6.9%. Reservoir is convenient to Roger Williams Park Zoo, C.C. of Rhode Island, Liston, and Rhode Island Tf Green International. The community is somewhat walkable with a WalkScore® of 68.
Wanskuck
Average Rent
$1,575/Month
Year-Over-Year Rent Change
1.1%
TransitScore® Rating
41/100
Units Available
2 Rentals
Wanskuck offers budget-conscious renters a peaceful environment with local parks. Wanskuck Park features sports facilities, walking paths, and playgrounds. The neighborhood’s easy access to Route 146 makes commuting straightforward.
Lower South Providence
Average Rent
$1,695/Month
TransitScore® Rating
53/100
Units Available
2 Rentals
Lower South Providence is an affordable neighborhood in Providence with an average rent price of $1,695. Compare this to the city average of $1,956. Lower South Providence provides easy access to 150 Elmwood Avenue, Roger Williams Park Botanical Center, and C.C. of Rhode Island, Downcity. It’s a walkable neighborhood with a WalkScore® of 78.
Mt Hope
Average Rent
$1,699/Month
Year-Over-Year Rent Change
1.3%
TransitScore® Rating
55/100
Units Available
9 Rentals
If you’re looking for a great, affordable neighborhood in Providence, Mt Hope might be the perfect place! It has an average rent price of $1,699, while the city’s average stands at $1,956. In the last year, prices have increased by 1.3%. Mt Hope is near Shaws Plaza, Valley Road Station, and North Main Center.
Federal Hill
Average Rent
$1,940/Month
Year-Over-Year Rent Change
7%
TransitScore® Rating
67/100
Units Available
9 Rentals
Federal Hill provides cost-effective housing in a lively area known for its culinary scene. Atwells Avenue features numerous Italian restaurants, cafes, and specialty shops. DePasquale Square, with its beautiful fountain, serves as a charming gathering spot.
West End Providence
Average Rent
$1,942/Month
Year-Over-Year Rent Change
4.3%
TransitScore® Rating
53/100
Units Available
18 Rentals
West End Providence offers budget-friendly living with diverse dining and shopping options. Dexter Training Ground provides a spacious park with playgrounds and sports fields. Broad Street features an array of international restaurants and local shops.
Ready to make your move to Providence? Check out the rent specials, price drops, and great deals on ApartmentFinder.com!
Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.